How to Stake Ethena (ENA) on Figment
Figment may not directly support ENA staking, but you can still use Figment to buy ENA and transfer it for staking.
Current APY
25.0%
Price
$0.0956
Platform Fee
Varies
Platform Type
validator
Start Staking ENA on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake ENA on Figment →Step-by-Step: Stake ENA on Figment
1
Set up a wallet
Install a wallet compatible with Ethena's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer ENA to your wallet
Buy ENA 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 ENA 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: ENA Staking on Figment
What APY can I earn staking ENA on Figment?
The current estimated APY for ENA staking is around 25.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking ENA on Figment safe?
Figment is a non-custodial protocol with a medium risk profile for ENA 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 ENA from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your ENA won't earn rewards.
What fees does Figment charge for ENA staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake ENA on other platforms?
Yes! You can compare all available platforms for ENA staking on our How to Stake Ethena guide. Different platforms offer different APY rates, fees, and custody models.