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How to Stake Kintsu Staked Monad (SMON) on Figment

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

Current APY

12.8%

Price

$0.0378

Platform Fee

Varies

Platform Type

validator

Start Staking SMON on Figment

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

Stake SMON on Figment →

Step-by-Step: Stake SMON on Figment

1

Set up a wallet

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

2

Transfer SMON to your wallet

Buy SMON 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 SMON 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: SMON Staking on Figment

What APY can I earn staking SMON on Figment?
The current estimated APY for SMON staking is around 12.8%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking SMON on Figment safe?
Figment is a non-custodial protocol with a high risk profile for SMON 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 SMON from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your SMON won't earn rewards.
What fees does Figment charge for SMON staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake SMON on other platforms?
Yes! You can compare all available platforms for SMON staking on our How to Stake Kintsu Staked Monad guide. Different platforms offer different APY rates, fees, and custody models.