Cardano is a proof-of-stake blockchain that aims to solve the 3 most crucial issues all developing blockchains currently face; sustainability, scalability and interoperability.
Cardano wants to overcome real-life problems such as information asymmetry and provide services for the unbanked world population. To achieve all of this, their continue to develop their own set of key innovative technologies. The native ADA token is the utility token on the Cardano network. ADA is used to pay for transactions, secure the network through staking and participate in governance.
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.
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Available via the Figment App or via API that hooks directly into client platforms, offering portfolio tracking across multiple networks and rewards optimization.
Stake your ADA tokens in a few clicks by following these steps:
Cardano’s native token, ADA will be staked to capture new issuance rewards and fee revenue. ADA can be used in these ways:
You maintain custody of your ADA at all times. There is no bonding or unbonding period.
You can unstake your ADA tokens at any given time. You keep full control of your ADA tokens even when they are staked and they are never locked.
No, Cardano currently does not enforce slashing. Poor node behavior, however, can lead to missed rewards.
Current inflation rate is set at 2.01% as of 1/20/22
There’s a maximum supply of 45 billion ADA with a current circulation of ~31 billion.
Rewards are distributed every epoch (~5 days) amongst all stakeholders who have delegated to a stake pool, either to their own stake pool or another pool.
Staking income is staked automatically, which means you will need to unstake to withdraw your staking income.
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.