Mina bills itself as the “world’s lightest blockchain”. Current cryptocurrencies like Bitcoin and Ethereum store massive amounts of data on their blockchains, and will only continue to increase in size.

Mina however, claims that their blockchain will always stay the same size (about 20 kilobytes), no matter the usage. This will allow the blockchain to be downloadable by anyone who has basic storage and internet access.

Stake Now
Market Cap
Distributed by validators
No slashing
12% falling to 7% over 5 years
No unbonding period
Rewards are automatically restaked
yellow half circleyellow half circle
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 MINA tokens in a few clicks by following these steps:

  1. First, download the Mina Ledger app. You can find details on their website
  2. Head to https://hubble.figment.io/mina/chains/mainnetClick the “Stake Now” button on the right.
  3. Connect and unlock your Ledger, and open the Mina app. The browser will pull up a new screen and ask to select your account number, (it’s usually 0).
  4. Confirm generating address on your Ledger and approve generated address.
  5. Hubble will ask that you confirm your transaction on your Ledger. In a few minutes, the transaction will show up on Hubble.

Figment's Validator Addresses


Need more detailed instructions?

See full guide

Mina FAQ

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

Black arrow

What is the name of the asset being staked?

Black arrow

Minas’ native token, MINA, is used to stake and to participate in on-chain governance.

When are staking rewards enabled? When are transfers enabled?

Black arrow

Staking rewards are enabled at the launch of the mainnet. Transfers will be enabled as tokens become unlocked. Tokens purchased during the Community Sale will be locked for 40 days after mainnet launch. The protocol will unlock 20% of Mina Foundation tokens at the launch of the mainnet. Afterward, the rest of the tokens will be unlocked continuously over the next 3.5 years, beginning six months after launch.

How long does it take to stake & unstake MINA?

Black arrow

Token holders who stake or delegate without a bonding or lock-up period.

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

Black arrow

You can self-custody your Mina tokens, ideally using a Ledger hardware wallet.

Figment is partnering with Finoa to serve as a third-party custodian, reach out to support@figment.io.

The Mina Protocol takes control of your MINA tokens while you are staking. As soon as you unbond your tokens, they are returned to you.

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

Black arrow

No. Mina’s protocol is founded on the Ouroboros algorithm. Slashing is based on regulating the irrational behavior of validators by threatening them economically (aka. threatening their stake if caught with downtime or double signing). Ouroboros, by design, incentivizes all stakeholders to act rationally.

Is staking income liquid or automatically staked?

Black arrow

Validators handle payouts, and automatically staking rewards can be automatically staked. Validators can choose not to send rewards or send them when it suits them.

Can I lose potential staking rewards?

Black arrow

While there isn’t any slashing, delegators will not gain rewards if their validator goes offline.

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

Black arrow

Mina’s inflation will begin at 12%. Over the next five years, the inflation rate will fall to 7% - unless specified or changed through governance.

How are decisions about Mina made and executed?

Black arrow

Details about governance have not been released yet by the team.

Question mark icon

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.
Oops! Something went wrong while submitting the form.

Figment respects your privacy. By submitting this form, you are acknowledging that you have read and agree to our Privacy Policy, which details how we collect and use your information.