How to Stake Beefy-escrowed Sonic (BES) on Figment
Figment may not directly support BES staking, but you can still use Figment to buy BES and transfer it for staking.
Current APY
4.0%
Price
$0.0427
Platform Fee
Varies
Platform Type
validator
Start Staking BES on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake BES on Figment →Step-by-Step: Stake BES on Figment
1
Set up a wallet
Install a wallet compatible with Beefy-escrowed Sonic's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer BES to your wallet
Buy BES on an exchange and withdraw it to your wallet address.
3
Connect to Figment
Visit Figment's platform and connect your wallet. Make sure you're on the correct network.
4
Select a staking option
Choose the staking pool, validator, or vault that suits your risk tolerance and desired APY.
5
Stake and monitor
Confirm the transaction in your wallet. Monitor your staking position and rewards from Figment's dashboard.
Figment for BES Staking: Pros & Cons
Pros
- + 40+ networks with institutional SLAs
- + Slash insurance from Lloyd's of London
- + Compliance tooling (tax reports, AML)
- + Non-custodial — clients control keys
Cons
- - Primarily for institutions — minimums are high
- - Not suitable for retail users
- - No liquid staking tokens
FAQ: BES Staking on Figment
What APY can I earn staking BES on Figment?
The current estimated APY for BES staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking BES on Figment safe?
Figment is a non-custodial protocol with a high risk profile for BES staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake BES from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your BES won't earn rewards.
What fees does Figment charge for BES staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake BES on other platforms?
Yes! You can compare all available platforms for BES staking on our How to Stake Beefy-escrowed Sonic guide. Different platforms offer different APY rates, fees, and custody models.