Polkadot is a scalable, heterogeneous, multi-chain technology. The platform allows diverse blockchains to transfer messages and value in a trust-free fashion. This means that Polkadot’s parachains can share their unique features while pooling their security.

Polkadot’s primary use case is to enable interconnectivity between chains, regardless of their features or status as a private or public chain. Interoperability lets diverse chains perform arbitrary messaging – including value.

Stake Now
Market Cap
{market-cap}
Price
{price-usd}
Rewards
Claimable each era (~24 hours)
Slashing
Downtime & double signing
Inflation
Between 6% & 10%
Unbonding
28 days
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.

Nominating Guide & Instructions

Stake your DOT tokens in a few clicks by following these steps:

When you nominate Figment, be sure to add all of the Figment validators to your list. Using Polkadot{.js} you can simply search ‘Figment’ or manually add each of our addresses. Note that the protocol will automatically optimize your stake.

  1. Begin by using either the Chrome or Brave web browser, and install the Polkadot{.js} browser extension. Head to https://polkadot.js.org/apps and select ‘settings’ in the left vertical toolbar to ensure you are on the Polkadot network.
  2. Click ‘Staking’ in the menu bar on the left side, then ‘Account actions’ in the top menu. Click the ‘Nominator’ button on the right side.
  3. Indicate the validator(s) you want to nominate - (Tip: Nominating to all 4 of Figment's validators gives the best chance of rewards)
  4. Then click the ‘Bond & Nominate’ button to nominate Figment.
  5. Authorize the transaction by clicking the ‘Sign and Submit’ button.
  6. You’ll receive a pop-up dialogue from the web browser extension. Enter your password and sign the transaction.

Figment Validator Addresses:

12YFWxpS32wTZq4HcH28HMR5atkGhxzfD7aNjhTCu5Vyz9J9

12doSHUJN1P6HL9zj96Bh2ZwVBXH7NcCi78caVtte8aQWGHz

15tsaRbwLLBHst5chP1pVkQHc5n2JS4DcapFdhCnqJMZebda

15twfAkh6TKdNpE7kNgxcQSRYtSpt3QpgjxmR6HKHFGs6Yrz

16fcR1ercimd6qyBVQyXTTjtWL1kosTS1myiSuVf7kxutxvg

16M3oPL7NAsaDyumZs84XmjhYRPLKA8jbVN8N4FNECZ1KSKy

16kzYodFWy43sVGFKGnpDK8T3P8F9NhyMKqWNFfeFVN4XT9K

1RhqvtG4SS6ooc3JELk8kpTaDiLP9f92jdyR5p5efPWVsx1

1y3bTaJiiTbyp8run4WG7XKrqZC7Zxw1AZVAeyNXj48ybhW

12HC5RsJcPRNhemZ1dixD2f4MWCQUFzem6YDNNrqS9jz9off

15wD8upZxRZijKkF7JZDdaaFXuRZJhFyYpFQC5j6FaZL5Pza

15qtTjVnfFs1DqAbUJBX4N74k7mAbXiPwww8qiWFXbpUoB4y

1QmHs5E9zGeJ2iGZMYoBdYKvNLfF316WGi7GvGtSruUJzW9

1vP68Adjn7JW7brJJc89V7R4hAXPtJr3FzKuJF1qm6uyzWt

1KfeQgNt2h9mxB9eHqkr7rWrXjP3qPoZdnS65GYyyp99C8d

16iPkhcq851iaeuP8rZyN1oejneBGtSeQCbhyGMwkiwm7dBX

Figment's Validator Addresses

Need more detailed instructions?

See full guide

Polkadot FAQ

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

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Wallet: Polkadot{.js} extension

Explorer: Polkadot{.js} or Subscan

Figment has developed the Polkadot Hubble explorer.

What is the name of the asset being staked?

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Polkadot's native token, DOT, is used to stake, pay transaction fees, and to participate in on-chain governance.

Why stake DOT?

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Good question!

Initially, the DOT is being staked to earn new issuance ("inflationary") subsidies. That means that the DOT supply will increase and stakers will capture the newly issued DOT. Generally, you will earn around 14% annually on your staked DOT, 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 Polkadot transaction volume increases, DOT stakers will earn more than just new issuance subsidies.

DOT also gives stakers the right to vote on policy decisions for how the Polkadot protocol will operate and distribute treasury funds.

The main drivers of the DOT's value could be more than transaction fees. Since DOT is required to lock up in parachain bidding, a new side chain will be required to procure and lock these DOTs in competition with other side chains. DOT-holders are also expected to be able to get early exposure to the assets of new side chains by lending their DOT for this bidding process.

Owning staked DOT is ownership of the Polkadot network, entitling DOT stakers to set/change the rules of the Polkadot protocol.

How long does it take to stake & unstake DOT?

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From the moment you initiate the unbonding process, it takes 28 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your DOT tokens.

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

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You can self-custody your Polkadot DOT tokens, ideally using a Ledger hardware wallet. Here are instructions for using your Ledger wallet with Polkadot.

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

The Polkadot protocol takes control of your DOT tokens while you are staking. If you unbond your tokens, this process will take 28 days before the protocol returns your tokens to you. While your DOT are staked, you may participate in on-chain governance by voting on different proposals.

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

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Yes, a portion of your staked DOT can be destroyed if the validator(s) you nominate are involved with 1) too much stake going offline simultaneously or 2) equivocation events (aka double-signing).

[future - provide more details]

There are two ways this can happen:

  1. If you nominate a validator that is offline for over Z hours (assuming #s blocktimes), you will lose % 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 % of the tokens you have delegated to that validator.

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

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Once triggered, staking income on Polkadot may be automatically distributed every era (ie. 24 hours). Figment is never in control of your rewards. However, you will not receive your staking income until a claims transaction is sent, which any nominator may do every 24 hours.

Staking income is not staked automatically, which means you will need to lock and nominate with your staking income in order to compound your rewards.

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. If your validator is not performant, your staking income will be reduced.

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

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The annual new issuance ("inflation") rate is around 10% of the total supply.

How are decisions about the Polkadot protocol made and executed?

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Polkadot uses token voting for on-chain governance. Governance proposals are discussed on the forum.

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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.
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