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Solana Projects > Figment

Figment

Figment is the leading provider of staking infrastructure.

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Figment: Institutional-Grade Staking Infrastructure for Solana

Figment provides enterprise-grade staking infrastructure for institutional Solana participants, combining security-first validator operations with comprehensive reporting tools. Their platform delivers enhanced staking yields through Jito MEV integration while maintaining SOC 2 Type 2 and ISO 27001 certified security standards. With over 500 institutional clients and consistent outperformance of network average rewards, Figment has established itself as a leading non-custodial staking provider on Solana, processing billions in stake value while maintaining zero slashing incidents since the network's inception.

Building the Foundation for Institutional Solana Staking

Figment has established itself as a cornerstone of Solana's institutional staking landscape by providing enterprise-grade infrastructure that prioritizes security and performance. Their approach combines robust validator operations with comprehensive tooling designed specifically for institutional requirements, enabling professional investors and enterprises to participate in Solana's proof-of-stake network with confidence.

The platform's institutional focus manifests in their methodical approach to validator operations, emphasizing what they call "Safety over Liveness" - a philosophy that prioritizes slashing prevention over maximum uptime. This strategy has proven successful, with Figment maintaining zero slashing incidents while consistently delivering above-average staking rewards through optimized MEV capture and efficient validator operations.

How Figment's Solana Staking Works

Figment's staking infrastructure operates through a multi-layered system designed to maximize rewards while minimizing risks. Their validator infrastructure combines traditional staking rewards with Jito MEV opportunities, creating enhanced yields for institutional stakers. The staking process begins with delegation to Figment's validators, which maintain high performance metrics including a 98% proposer effectiveness rate and 99% voting effectiveness.

Institutional clients can manage their staking positions through Figment's comprehensive dashboard or integrate staking functionality directly into their own platforms using Figment's APIs. The platform supports both direct staking and integration with major institutional custodians, allowing clients to maintain their existing custody relationships while accessing Figment's staking infrastructure.

The Figment Advantage: Features and Capabilities

Enterprise-Grade Security Infrastructure

Figment's security infrastructure represents some of the most robust protections in the Solana staking ecosystem. Their platform maintains both SOC 2 Type 2 attestation and ISO 27001:2013 certification, providing institutional clients with verifiable security standards. The security architecture includes:

A four-layer slashing protection system that prevents double-signing through automated key distribution, local anti-slashing databases, remote signers, and secure key storage. This comprehensive approach has resulted in zero slashing incidents across their validator operations.

Validator infrastructure is distributed across multiple geographic locations and utilizes redundant systems to ensure consistent uptime while maintaining security. All critical infrastructure components are regularly audited and updated to maintain security standards.

Advanced Rewards Optimization

Figment's rewards optimization strategy combines traditional staking rewards with additional yield opportunities through Jito MEV integration. Their validators consistently outperform network averages, with Q4 2024 showing an average Staking Reward Rate (SRR) of 8.42%, significantly higher than the network average of 6.41%.

MEV rewards through Jito integration have become an increasingly important component of total staking returns, contributing over 25% of total rewards in recent quarters. Figment's implementation of Jito MEV has been particularly effective, with their validators capturing above-average MEV opportunities compared to network peers.

Comprehensive Reporting and Analytics

The Figment platform provides institutional-grade reporting capabilities that satisfy the most demanding compliance and accounting requirements. Their reporting suite includes:

  • Detailed monthly statements breaking down rewards between inflation and MEV sources
  • Epoch-level reward reports with granular performance metrics
  • API access for custom integration and automated reporting
  • Real-time dashboard monitoring of validator performance and rewards

Institutional Staking Products

The Figment Staking App

Figment's Staking App provides a comprehensive interface for managing institutional staking positions. The platform offers:

Point-and-click staking management with real-time position monitoring and rewards tracking. Institutions can manage multiple staking positions across different custodians or wallets from a single dashboard, streamlining operations for complex staking portfolios.

The interface provides detailed analytics on validator performance, rewards accrual, and network metrics, giving institutions the data they need for informed decision-making. Integration with major institutional custodians ensures seamless operation while maintaining existing custody relationships.

Figment APIs

For institutions requiring deeper integration, Figment's API suite enables programmatic access to their staking infrastructure. The APIs support:

  • Automated staking operations and position management
  • Real-time data access for rewards and performance metrics
  • Custom integration with existing institutional systems
  • Programmatic reporting and analytics capabilities

Security and Risk Management

Figment's approach to security combines technological controls with operational best practices. Their infrastructure undergoes regular third-party audits and maintains industry-standard certifications. Key security features include:

Multi-layer slashing protection that has maintained a perfect record of zero slashing incidents. Geographic distribution of validator infrastructure to ensure resilience against regional outages or disruptions. Regular security audits and updates to maintain protection against emerging threats.

Figment's Role in Solana's Evolution

Figment has played a significant role in Solana's institutional adoption by providing enterprise-grade infrastructure that meets institutional requirements. Their support for ecosystem innovations like Jito restaking and Fragmetric demonstrates their commitment to advancing Solana's capabilities while maintaining security and reliability.

Recent initiatives include integration with Jito restaking and support for Fragmetric's liquid restaking protocol, positioning Figment at the forefront of Solana's expanding staking ecosystem. These developments enhance the platform's ability to generate optimized returns while maintaining institutional-grade security standards.

Future Development and Roadmap

Figment continues to expand their Solana offerings through strategic integrations and infrastructure improvements. Their development focuses on enhancing institutional capabilities while supporting ecosystem innovation. Recent announcements indicate continued expansion of their MEV capabilities and integration with emerging Solana protocols.

The platform's commitment to supporting new Solana innovations while maintaining institutional standards suggests a roadmap focused on expanding yield opportunities while enhancing security and reporting capabilities. This balanced approach to growth maintains their position as a leading institutional staking provider while contributing to Solana's ecosystem development.

Contents

Note: inclusion in Solana Compass directory does not indicate a recommendation or endorsement of this project, its token(s) or its products. Data sourced with thanks from The Grid to aid in building these pages.

Project Info

Founded: June 2018

Project Products

Figment APIs

Figment's Staking API abstracts network-specific operations, enabling developers to add staking functionality for various digital assets quickly and consistently.

Figment Staking app

Institutional-grade staking infrastructure offering liquid staking, restaking, slashing coverage, and advanced staking data across multiple blockchain protocols.

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