Provenance is a Cosmos-based blockchain whose mission is to develop a vibrant ecosystem of decentralized financial services for a variety of financial institutions and individuals.
Provenance supports the financial service industry by providing a ledger, registry, and exchange across multiple financial assets and markets.
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.
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.
Available via the Figment App or via API that hooks directly into client platforms, offering portfolio tracking across multiple networks and rewards optimization.
The Provenance network token, HASH, is used for staking, and participation in on-chain governance.
Staking rewards and transfers will begin at the launch of the mainnet.
There is a 21 day unbonding period to unstake your HASH.
Staking income on Provenance is automatically disturbed every block. Figment is never in control of your rewards.
Staking income is not automatically compounded, a new delegation is required.
Your potential rewards depend upon validator performance. If a validator misses more than 99% of the last 10,000 blocks, this results in a slashing penalty of 0.01%. There is also a 5% slashing penalty for double signing.
The number of minted HASH remains constant, and no new HASH is minted as reward for work. As a result, there is no inflation for HASH.
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.