Flow is blockchain that aims to be the foundation for a new generation of games, apps, and the digital assets that power them.

The Dapper Labs team (ie. Flow team) is best known for the partnerships they have made with a number of well-known brands, like the NBA.

The Flow design has three key principles:

  • Developer-first experience
  • Consumer-friendly onboarding
  • Mainstream-ready apps and distribution

Stake Now
Market Cap
$1,229,773,260
Price
$21.5576
Rewards
Distributed every epoch (weekly)
Slashing
Only for clear signs of malicious activity
Inflation
3.75%
Unbonding
7-14 days
Compounding
New delegation required

Optimizing Staking With Figment

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

EXPERIENCED & TRUSTED

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

Serving the world’s largest FLOW holders.

30+ years of experience successfully scaling internet infrastructure companies.

FEATURES & BENEFITS

The Commission rate is 8%.

Active participant in the FLOW ecosystem.

Third-party custody solutions are available through our institutional partners.


SECURITY & SAFETY

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

You maintain custody of your FLOW at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake over 10,000 FLOW?

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 FLOW tokens in a few clicks by following these steps:

  1. Either have your Ledger device ready with the Flow app installed or have your Blocto login information ready.
  2. Head to https://port.onflow.org using Chrome or Brave browser and click ‘Sign In’.
  3. Click ‘Stake & Delegate’ in the left margin of the dashboard, then the ‘Start Delegating’ button to begin.
  4. Delegate your FLOW to our Node Operator ID listed on this webpage.
  5. Review your transaction and have your Ledger active and ready, then submit your transaction.

Figment's Validator Addresses

95d61bcc7202fe7d0558baede4cc17a56aac191a0cfd110fbf824e2ef71bd49c
1408c08272beb24ad4fe4e531a9b937a26ee72c5f56b50ac8f2b889c3c42d316

Need more detailed instructions?

See full guide

Flow FAQ

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

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Wallet: https://port.onflow.org

Explorer: https://flow.bigdipper.live

Windows 10 Wallet Users- In Chrome or Brave, navigate to chrome://flags#new-usb-backend- set "Enable new USB backend" to disabled- restart your browser and head to https://port.onflow.org

When are staking rewards enabled? When are transfers enabled?

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We expect staking rewards to begin on Dec 16, 2020 (with payouts one week later, Dec 23).

While transfers should currently be enabled, the only circulating tokens in the first year are expected to be those distributed as rewards to stakers, so we don't expect to see FLOW tokens being transferred until Dec 23, 2020.

What is the name of the asset being staked?

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Flow's native token, FLOW will be staked to capture new issuance rewards and fee revenue. FLOW will also be used in these ways:

  • Payment for computation and validation services (i.e., transaction fees)
  • Medium of exchange
  • Deposit for data storage
  • Collateral for secondary tokens
  • Participation in governance (eventually)

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

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Locked FLOW can be staked, and stakers are expected to earn newly-issued FLOW tokens and transaction fees.

We expect stakers to earn around 4.5% in new-issuance FLOW tokens annually, depending upon the proportion of the token supply is staked.

If 50% is staked, then rewards will be 7.5%, and if 83% is staked, rewards will be 4.5%. Since all tokens will initially be locked, there's a strong incentive for nearly all of them to be staked. If 100% are staked, rewards will be 3.75% annually.

Detailed token economics information can be found here.

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

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You can self-custody your FLOW tokens, ideally using a Ledger hardware wallet. These are the instructions for using your Ledger wallet with Flow. Shorter version is here.

Figment has partnerships with a number of top-in-class custodians: support@figment.io

The Flow protocol takes control of your FLOW tokens while you are staking. If you unbond your tokens, this process will take at most 14 days before the protocol returns your tokens to you, depending when you commit to unbonding.

While your FLOW are staked, you may participate in on-chain governance once it is enabled (initially governance will be off-chain).

How long does it take to unstake?

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In short: between 7 and 14 days.

From the moment you initiate the unbonding process, it takes between 7 and 14 days to unstake, depending upon when the request is made. An epoch is ~7 days, so your tokens will remain staked for the remainder of the epoch and then will take one additional epoch to unlock.

During the one-week unlock period (ie. epoch) you will not earn rewards. When the process is complete, you will be able transfer/trade your FLOW tokens.

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

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In short: no, not initially (but we expect slashing to be enabled eventually)

Initially no, but we expect that eventually the rules will change such that a portion of your staked FLOW can be destroyed if you have delegated to a malicious or insecure validator. We will update this page when those conditions are enabled.

Can I lose potential staking rewards?

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Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.

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

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New FLOW tokens will be minted (ie. created) and then distributed to stakers at a rate of 3.75% of the total supply yearly. All transaction fees get deposited to a fee vault in the Service Account (controlled by Dapper Labs), and the fate of these tokens will be determined by the team over the next few months.

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

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The Flow Service Account has special permissions to change critical aspects of the network, including minting/burning tokens and changing the core protocol. This account will be controlled by the Flow team, Dapper Labs, at network launch. Here are the key details from the Flow team’s documentation.

Governance

Besides its special permissions, the Service Account is an account like any other in Flow. During the early phases of Flow’s development, the account will be controlled by keys held by Dapper Labs. As Flow matures, the service account will transition to being controlled by a smart contract governed by the Flow community.

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