How to Stake GMX (GMX) on Figment
Figment may not directly support GMX staking, but you can still use Figment to buy GMX and transfer it for staking.
Current APY
14.0%
Price
$5.73
Platform Fee
Varies
Platform Type
validator
Start Staking GMX on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake GMX on Figment →Step-by-Step: Stake GMX on Figment
1
Set up a wallet
Install a wallet compatible with GMX's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer GMX to your wallet
Buy GMX 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 GMX 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: GMX Staking on Figment
What APY can I earn staking GMX on Figment?
The current estimated APY for GMX staking is around 14.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking GMX on Figment safe?
Figment is a non-custodial protocol with a medium risk profile for GMX 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 GMX from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your GMX won't earn rewards.
What fees does Figment charge for GMX staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake GMX on other platforms?
Yes! You can compare all available platforms for GMX staking on our How to Stake GMX guide. Different platforms offer different APY rates, fees, and custody models.