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How to Stake Magma Staked Monad (GMON) on Figment

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

Current APY

13.1%

Price

$0.0378

Platform Fee

Varies

Platform Type

validator

Start Staking GMON on Figment

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

Stake GMON on Figment →

Step-by-Step: Stake GMON on Figment

1

Set up a wallet

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

2

Transfer GMON to your wallet

Buy GMON 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 GMON 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: GMON Staking on Figment

What APY can I earn staking GMON on Figment?
The current estimated APY for GMON staking is around 13.1%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking GMON on Figment safe?
Figment is a non-custodial protocol with a high risk profile for GMON 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 GMON from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your GMON won't earn rewards.
What fees does Figment charge for GMON staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake GMON on other platforms?
Yes! You can compare all available platforms for GMON staking on our How to Stake Magma Staked Monad guide. Different platforms offer different APY rates, fees, and custody models.