How to Stake ShMonad (SHMON) on Figment
Figment may not directly support SHMON staking, but you can still use Figment to buy SHMON and transfer it for staking.
Current APY
15.9%
Price
$0.0556
Platform Fee
Varies
Platform Type
validator
Start Staking SHMON on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake SHMON on Figment →Step-by-Step: Stake SHMON on Figment
1
Set up a wallet
Install a wallet compatible with ShMonad's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer SHMON to your wallet
Buy SHMON 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 SHMON 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: SHMON Staking on Figment
What APY can I earn staking SHMON on Figment?
The current estimated APY for SHMON staking is around 15.9%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking SHMON on Figment safe?
Figment is a non-custodial protocol with a high risk profile for SHMON 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 SHMON from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your SHMON won't earn rewards.
What fees does Figment charge for SHMON staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake SHMON on other platforms?
Yes! You can compare all available platforms for SHMON staking on our How to Stake ShMonad guide. Different platforms offer different APY rates, fees, and custody models.