How to Stake Kusama (KSM) on Figment
Figment may not directly support KSM staking, but you can still use Figment to buy KSM and transfer it for staking.
Current APY
15.0%
Price
$4.17
Platform Fee
Varies
Platform Type
validator
Start Staking KSM on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake KSM on Figment →Step-by-Step: Stake KSM on Figment
1
Set up a wallet
Install a wallet compatible with Kusama's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer KSM to your wallet
Buy KSM 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 KSM 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
Other Platforms for KSM Staking
FAQ: KSM Staking on Figment
What APY can I earn staking KSM on Figment?
The current estimated APY for KSM staking is around 15.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking KSM on Figment safe?
Figment is a non-custodial protocol with a high risk profile for KSM 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 KSM from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your KSM won't earn rewards.
What fees does Figment charge for KSM staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake KSM on other platforms?
Yes! You can compare all available platforms for KSM staking on our How to Stake Kusama guide. Different platforms offer different APY rates, fees, and custody models.