How to Stake BENQI Liquid Staked AVAX (SAVAX) on Figment

Figment may not directly support SAVAX staking, but you can still use Figment to buy SAVAX and transfer it for staking.

Current APY

5.0%

Price

$11.35

Platform Fee

Varies

Platform Type

validator

Start Staking SAVAX on Figment

Figment gives you full control of your assets. Your assets are insured.

Stake SAVAX on Figment →

Step-by-Step: Stake SAVAX on Figment

Set up a wallet

Install a wallet compatible with BENQI Liquid Staked AVAX's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.

Transfer SAVAX to your wallet

Buy SAVAX on an exchange and withdraw it to your wallet address.

Connect to Figment

Visit Figment's platform and connect your wallet. Make sure you're on the correct network.

Select a staking option

Choose the staking pool, validator, or vault that suits your risk tolerance and desired APY.

Stake and monitor

Confirm the transaction in your wallet. Monitor your staking position and rewards from Figment's dashboard.

Figment for SAVAX 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: SAVAX Staking on Figment

What APY can I earn staking SAVAX on Figment?

The current estimated APY for SAVAX staking is around 5.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).

Is staking SAVAX on Figment safe?

Figment is a non-custodial protocol with a medium risk profile for SAVAX 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 SAVAX from Figment?

Unstaking times depend on the network: Network-dependent. During the unstaking period, your SAVAX won't earn rewards.

What fees does Figment charge for SAVAX staking?

Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.

Can I stake SAVAX on other platforms?

Yes! You can compare all available platforms for SAVAX staking on our How to Stake BENQI Liquid Staked AVAX guide. Different platforms offer different APY rates, fees, and custody models.