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How to Stake MegaUSD (USDM) on Figment

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

Current APY

5.1%

Price

$1

Platform Fee

Varies

Platform Type

validator

Start Staking USDM on Figment

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

Stake USDM on Figment →

Step-by-Step: Stake USDM on Figment

1

Set up a wallet

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

2

Transfer USDM to your wallet

Buy USDM 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 USDM 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: USDM Staking on Figment

What APY can I earn staking USDM on Figment?
The current estimated APY for USDM staking is around 5.1%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking USDM on Figment safe?
Figment is a non-custodial protocol with a high risk profile for USDM 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 USDM from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your USDM won't earn rewards.
What fees does Figment charge for USDM staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake USDM on other platforms?
Yes! You can compare all available platforms for USDM staking on our How to Stake MegaUSD guide. Different platforms offer different APY rates, fees, and custody models.