Note: If you see a “claim,” button instead of “delegate,” you will need to wait 24 hours for Figment to claim before you can delegate. If you are already delegating, you do not need to claim.

Audius is a new streaming platform designed for musicians–they can build a fanbase, share works in progress, and finally share completed tracks with the world.

Musicians are using Audius to create, grow, and monetize their work without needing a record label. Audius is built for musicians and fans to enjoy their music together with the highest quality streaming.

Stake Now
Market Cap
{market-cap}
Price
{price-usd}
Rewards
Distributed weekly and must be claimed
Slashing
Via governance vote
Inflation
7%
Unbonding
7 Day unbonding period
Compounding
Automatically restaked after being claimed
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Crunching numbers

Optimizing Staking With Figment

Figment offers peace of mind to its customers and provides the most complete staking experience in the industry

Rock-Solid Infrastructure

Figment leverages the founding team’s 30+ years of real world experience operating critical internet infrastructure, resulting in unparalleled performance across our staking and application platforms.

Stake with confidence and knowledge

Get insights from Figment’s complete staking offering with 24/7 institutional support from our dedicated global team and regularly produced industry leading research and insights.

Fully automated rewards reporting

Available via the Figment App or via API that hooks directly into client platforms, offering portfolio tracking across multiple networks and rewards optimization.

Staking Guide & Instructions

Stake your AUDIO tokens in a few clicks by following these steps:

If you see a “claim,” button instead of “delegate,” you will need to wait 24 hours for Figment to claim before you can delegate. If you are already delegating, you do not need to claim.

  1. With Metamask ready, head to the Audius dashboard:
    https://dashboard.audius.org/#/services/service-providers
  2. Click ‘Connect Metamask’ in the top-right corner.
  3. Select Figment from the validator list.
  4. Click the ‘Delegate’ button.
  5. Enter the number of AUDIO tokens to delegate and then follow the prompts to confirm.

Note: if this is the first time, you will need to send an approval transaction before being able to delegate.

Figment's Validator Addresses

0xc1f351FE81dFAcB3541e59177AC71Ed237BD15D0

Need more detailed instructions?

See full guide

Audius FAQ

Where can I explore the network and create a Audius wallet?

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Metamask software wallet, a Ledger device via Metamask (recommended), and Gnosis Safe multisig are three different ways to stake, delegate, and interact with Audius.

Audius contract address: 0x18aaa7115705e8be94bffebde57af9bfc265b998

Wallet: Metamask (recommend using with Ledger hardware wallet)

Staking dashboard: https://dashboard.audius.org


When are staking rewards enabled? When are transfers enabled?

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Transfers were enabled when the network launched on Oct 23, 2020. We expect staking rewards to be enabled on December 18, 2020.

What is the name of the asset being staked?

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Audius’ native token, AUDIO, is used to stake (to earn fees and rewards), for feature access on the platform, and to participate in on-chain governance.

Which type(s) and what rate of rewards can I expect? Can I stake locked/vesting tokens?

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Stakers are expected to earn newly-issued AUDIO tokens and platform fees. Stakers will earn at least 7% in yearly rewards, but we expect earnings between 10% and 14%, depending upon how much of the token supply is staked (ie. between 50 and 70% of the supply).

All investor tokens may be staked and delegated. Investor tokens are on a 2-year quarterly unlock schedule with a 6 month cliff.

Do I maintain custody of my AUDIO tokens? Who or what controls my staked AUDIO token?

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You will be able to self-custody your AUDIO tokens, ideally using a Ledger hardware wallet. You can use the Audius team’s wallet with (or without) a Ledger device: https://audius.co/dashboard

The Audius protocol takes control of your AUDIO tokens while you are staking. If you unbond your tokens, this process will take about 7 days before the protocol returns your tokens to you. While your AUDIO are staked, you may participate in on-chain governance by voting on different proposals.

How long does it take to unstake?

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From the moment you initiate the unbonding process, it takes 7 days to unstake. During this time you will not earn rewards. When the process is complete, you can freely transfer/trade your AUDIO tokens.


Can my staked AUDIO be slashed (seized or destroyed)?

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Yes, a portion of your staked AUDIO can be destroyed via the governance process if it is decided that a node did something malicious. Examples:

  • tampering with the code for a given version agreed upon in governance with malicious intent (eg. to boost search results for a piece of content)
  • prolonged downtime (days+) that is not caused by an error in the code
  • running under-resourced machines below the spec required (eg. less ram, fewer processors than specified) and refusing to rectify

The Audius community controls slashing via governance and is designed only to be used in egregious situations where 1) malicious intent or extreme negligence can be proved and 2) where the issue cannot be resolved off-chain.

Can I lose potential staking rewards?

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Yes. Rewards are eligible to be distributed once per week, and an Ethereum transaction is required for stakers claim to rewards. Anyone can do this, and Figment will do this on your behalf. However, if the rewards are claimed within one week, delegators to this staking provider will miss their rewards for that period.

There are no consequences for node downtime.

What is the rate of new issuance (aka annual "inflation") for AUDIO? How does the token supply change?

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The network will begin with a new issuance rate fixed at 7% of the supply per year, and though this rate is governable, we expect it to stay at 7% until at least November of 2021. Besides slashed tokens being burned, we do not expect the supply to decrease.


How are changes to the Audius network decided upon and executed? ie. How is Audius governed?

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Audius Governance dashboard

Audius uses on-chain governance, and that voting is based on the number of AUDIO tokens staked.

Everything in Audius is governable, including governance parameters themselves. Examples of parameters that may be changed via governance:

  • Feature Integrations
  • Royalty Rates
  • Token Distribution
  • Fee Pool Allocation
  • Staking Rewards

The only way that the network can be modified today is via governance or the community multisig override process. Key details about the governance process:

  • Stake-weighted AUDIO voting
  • Simple majority threshold
  • Quorum is 5% of staked AUDIO

Voting lasts 48 hours, followed by a 24-hour enactment delay to allow for a veto via community multisig.

Where can I learn more about Audius?

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Learn more about Staking

Figment is the world’s leading provider of blockchain infrastructure. We provide the most comprehensive staking solution for our over 200+ institutional clients including exchanges, wallets, foundations, custodians, and large token holders to earn rewards on their crypto assets.

Thank you for your interest in Figment and our team will contact you shortly! In the meantime, please take a look at our content that we publish regularly here.
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