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
Price
$44.6725
Rewards
Distributed by validators
Slashing
No slashing
Inflation
12% falling to 7% over 5 years
Unbonding
No unbonding period
Compounding
Rewards are automatically restaked

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.

Servicing the world’s largest MINA holders.

FEATURES & BENEFITS

Our Commission rate is 10%.

Active participant in the Mina 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 the custody of your MINA at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake over 200,000 MINA?

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 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

B62qjCuPisQjLW7YkB22BR9KieSmUZTyApftqxsAuB3U21r3vj1YnaG

Need more detailed instructions?

See full guide

Mina FAQ

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

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What is the name of the asset being staked?

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

When are staking rewards enabled? When are transfers enabled?

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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?

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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?

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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)?

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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?

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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?

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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?

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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?

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

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