How to Stake Pyth Network (PYTH) on Figment
Figment may not directly support PYTH staking, but you can still use Figment to buy PYTH and transfer it for staking.
Current APY
8.0%
Price
$0.0463
Platform Fee
Varies
Platform Type
validator
Start Staking PYTH on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake PYTH on Figment →Step-by-Step: Stake PYTH on Figment
1
Set up a wallet
Install a wallet compatible with Pyth Network's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer PYTH to your wallet
Buy PYTH 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 PYTH 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: PYTH Staking on Figment
What APY can I earn staking PYTH on Figment?
The current estimated APY for PYTH staking is around 8.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking PYTH on Figment safe?
Figment is a non-custodial protocol with a medium risk profile for PYTH 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 PYTH from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your PYTH won't earn rewards.
What fees does Figment charge for PYTH staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake PYTH on other platforms?
Yes! You can compare all available platforms for PYTH staking on our How to Stake Pyth Network guide. Different platforms offer different APY rates, fees, and custody models.