Persistence is a protocol that is built specifically for Decentralized Institutional Finance Applications. The architecture has three different layers to aid developers in creating solutions to traditional financial hurdles. Persistence aims to have a layer of decentralized financial applications with a level of interoperability that will allow for seamless transfers of value across borders.

Stake Now
Market Cap
{market-cap}
Price
{price-usd}
Rewards
Distributed automatically every block
Slashing
5% for double signing, 0.01% for downtime
Inflation
49% decreasing 6% every 6 months
Unbonding
21 Day unbonding period
Compounding
New delegation required
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 XPRT tokens in a few clicks by following these steps:

  1. Connect your Sentinel wallet on https://wallet.persistence.one/dashboard/wallet and your Ledger device.
  2. Navigated to the top bar and clicking “Staking” and find Figment on the list.
  3. Click on Delegate, specify the amount, and follow the prompts. While there is no need/obligation to put a memo unless you wish to. Similarly, you can claim rewards, undelegate, send or receive tokens.

Figment's Validator Addresses

persistence1snj8l8gguqncnzpzezvwe9rd2nhq6uagw3582m

Need more detailed instructions?

See full guide

Persistence FAQ

Where can I explore the Persistence Network and create a Persistence wallet?

Black arrow

What is the name of the asset being staked?

Black arrow

Persistence's native token, XPRT, is used to stake and to participate in on-chain governance.

Why stake XPRT?

Black arrow

Initially, XPRT is being staked to earn new issuance ("inflationary") subsidies. That means that the XPRT supply will increase, and stakers will capture the newly issued XPRT. Generally, you will earn around 35% annually on your staked XPRT, but that can change. Since staking rewards are tied to inflation, read about how inflation and rewards are related here.

Stakers will also capture fees from network transactions, so as Persistence transaction volume increases, Persistence stakers will earn more than new issuance subsidies.

The XPRT also gives stakers the right to vote on policy decisions for how the Persistence will operate and distribute treasury funds.

How long does it take to stake & unstake XPRT?

Black arrow

From the moment you initiate the unbonding process, it takes 21 days to unstake. During this time, you will not earn rewards. When the process is complete, you can transfer/trade your XPRTs.

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

Black arrow

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

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

The Persistence protocol takes control of your XPRT tokens while you are staking. If you unbond your tokens, this process will take 21 days before the protocol returns your tokens to you. While your XPRT is staked, you may participate in on-chain governance by voting on different proposals.

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

Black arrow

Yes, a portion of your staked XPRT can be destroyed. There are two ways this can happen:

  1. If you delegate to a validator that is offline for a certain amount of time (9,500/10,000 blocks), you will lose 0.01% of the tokens you have delegated to that validator.
  2. If you delegate to a validator that signs the same block twice with the same key, you will lose 5% of the tokens you have delegated to that validator.

How is staking income disbursed? Is staking income liquid or automatically staked?

Black arrow

Staking income on Persistence is automatically distributed every block. Figment is never in control of your rewards.

Staking income is liquid, but you will need to claim it.

Can I lose potential staking rewards?

Black arrow

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 XPRT? How does the token supply change?

Black arrow

The new issuance ("inflation") rate is around 35% of the total supply. The network will cut its inflation in half every two years, and the maximum supply is expected to be reached by 2035.

How are decisions about Persistence made and executed?

Black arrow

Persistence uses token voting for on-chain governance.

Where can I learn more about Persistence?

Black arrow
Question mark icon

Additional Resources

Want to learn more about Persistence? Check out our latest articles
No items found.

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.