How to Stake Solayer (LAYER) on Figment
Figment may not directly support LAYER staking, but you can still use Figment to buy LAYER and transfer it for staking.
Current APY
4.0%
Price
$0.0816
Platform Fee
Varies
Platform Type
validator
Start Staking LAYER on Figment
Figment gives you full control of your assets. Your assets are insured.
Stake LAYER on Figment →Step-by-Step: Stake LAYER on Figment
1
Set up a wallet
Install a wallet compatible with Solayer's blockchain. Popular options include MetaMask, Keplr, Phantom, or the official wallet.
2
Transfer LAYER to your wallet
Buy LAYER 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 LAYER 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: LAYER Staking on Figment
What APY can I earn staking LAYER on Figment?
The current estimated APY for LAYER staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and Figment's fee structure (Varies (institutional pricing)).
Is staking LAYER on Figment safe?
Figment is a non-custodial protocol with a high risk profile for LAYER 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 LAYER from Figment?
Unstaking times depend on the network: Network-dependent. During the unstaking period, your LAYER won't earn rewards.
What fees does Figment charge for LAYER staking?
Figment charges Varies (institutional pricing). These fees are typically deducted from your staking rewards automatically.
Can I stake LAYER on other platforms?
Yes! You can compare all available platforms for LAYER staking on our How to Stake Solayer guide. Different platforms offer different APY rates, fees, and custody models.