Avalanche is a layer one protocol by Ava Labs that offers high-throughput, fast finality, and unprecedented decentralization. Developers are able to launch their own public or private blockchains (called subnets), create and trade digital assets, and build scalable smart contracts and decentralized applications.

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Market Cap
Distributed automatically every block
No slashing penalties
Deflationary based on staking participation
None (though tokens are locked during the staking period)
New delegation required
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Optimizing Staking With Figment

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


Original testnet participant and maker of Hubble and DataHub for Avalanche.

Figment is a venture funded, registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation.


Figment Prime and discounts available for large token holders. Contact us for more information.

Active participant in the Avalanche ecosystem.


The world’s most advanced physical IDC + multi-cloud staking infrastructure.

You maintain custody of your AVAX at all times.

Third-party custody solutions are available through our institutional partners. Contact us for more information.


Protected via industry-leading delegation agreement.

Looking to stake over 25,000 AVAX?

Get in touch with our team to discuss Prime customers advantages and unlock the full Figment experience

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Staking Guide & Instructions

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

  1. Head to https://wallet.avax.network/
  2. Fund your X-Chain AVAX Wallet, and Transfer it to the P-Chain
  3. Once your AVAX is on the P-Chain click “ADD DELEGATION”
  4. Enter Figment’s Node ID into the search bar, and then click “Select” to delegate your tokens.
  5. Confirm the transaction

Figment's Validator Addresses


Need more detailed instructions?

See full guide

Avalanche FAQ

What is the name of the asset being staked?

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The AVAX token.

What are the asset(s) that I earn for staking?

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AVAX tokens are rewarded for validating on the “default” subnet. Future subnets may reward validators and stakers in another asset.

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

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There will be no slashing on the default subnet. That being said, future subnets are able to set their own slashing penalties.

Who or what controls my staked token?

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You maintain custody of your AVAX at all times. There is no bonding or unbonding period.

What is the total supply of AVAX?

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720 million.

What is the AVAX token used for ?

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At the base level, the AVAX token will be used for –

  • rewarding validators for validating on the default subnet
  • paying for transaction fees on the default subnet
  • creating a new subnet or blockchain
  • sending an asset to the X-Chain
  • on-chain governance participation

Can validators choose to validate on any subnet?

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All validators on Avalanche must validate on the “default subnet”.

This subnet consists of three chains:

  • Platform Chain – This chain stores the network metadata (i.e. what subnets and blockchains exist, who is validating what, etc.).
  • Exchange Chain – This chain supports asset creation and trading.
  • Contract Chain – This chain is an Ethereum Virtual Machine instance that runs on Avalanche’s Avalanche consensus.

Outside of this requirement, validators are free to choose which subnets they want to validate on, and they do not have to run multiple nodes to validate on multiple subnets, unless it is a requirement by the subnet.

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