How to Stake Rayls (RLS) on Figment
Figment may not directly support RLS staking, but you can still use Figment to buy RLS and transfer it for staking.
Current APY
12.0%
Price
$0.0023
Platform Fee
Varies
Platform Type
validator
Start Staking RLS on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake RLS on Figment →Step-by-Step: Stake RLS on Figment
1
Set up a wallet
Install a wallet compatible with Rayls's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer RLS to your wallet
Buy RLS 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 RLS 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: RLS Staking on Figment
What APY can I earn staking RLS on Figment?
The current estimated APY for RLS staking is around 12.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking RLS on Figment safe?
Figment is a non-custodial protocol with a high risk profile for RLS 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 RLS from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your RLS won't earn rewards.
What fees does Figment charge for RLS staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake RLS on other platforms?
Yes! You can compare all available platforms for RLS staking on our How to Stake Rayls guide. Different platforms offer different APY rates, fees, and custody models.