How to Stake Staking Compound ORAI (SCORAI) on Figment

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

Current APY

4.0%

Price

$0.8303

Platform Fee

Varies

Platform Type

validator

Start Staking SCORAI on Figment

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

Stake SCORAI on Figment →

Step-by-Step: Stake SCORAI on Figment

Set up a wallet

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

Transfer SCORAI to your wallet

Buy SCORAI on an exchange and withdraw it to your wallet address.

Connect to Figment

Visit Figment's platform and connect your wallet. Make sure you're on the correct network.

Select a staking option

Choose the staking pool, validator, or vault that suits your risk tolerance and desired APY.

Stake and monitor

Confirm the transaction in your wallet. Monitor your staking position and rewards from Figment's dashboard.

Figment for SCORAI 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: SCORAI Staking on Figment

What APY can I earn staking SCORAI on Figment?

The current estimated APY for SCORAI staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).

Is staking SCORAI on Figment safe?

Figment is a non-custodial protocol with a high risk profile for SCORAI 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 SCORAI from Figment?

Unstaking times depend on the network: Network-dependent. During the unstaking period, your SCORAI won't earn rewards.

What fees does Figment charge for SCORAI staking?

Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.

Can I stake SCORAI on other platforms?

Yes! You can compare all available platforms for SCORAI staking on our How to Stake Staking Compound ORAI guide. Different platforms offer different APY rates, fees, and custody models.