Figment
Figment provides enterprise-grade staking infrastructure and software solutions that allow you to earn rewards and participate in network governance across dozens of proof-of-stake blockchains safely.
Lido Finance
Lido Finance is a decentralized liquid staking protocol that allows you to earn daily staking rewards on your digital assets without locking them up or maintaining complex infrastructure.
Quick Comparison
| Feature | Figment | Lido Finance |
|---|---|---|
| Website | figment.io | lido.fi |
| Pricing Model | Custom | Free |
| Starting Price | Custom Pricing | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 2020 |
| Headquarters | Toronto, Canada | George Town, Cayman Islands |
Overview
Figment
Figment is a dedicated staking infrastructure provider that helps you earn rewards on your digital assets through secure, enterprise-grade validator nodes. Instead of managing complex hardware yourself, you can leverage their institutional-grade platform to participate in network governance and secure various proof-of-stake protocols. It simplifies the technical hurdles of Web3 by providing reliable uptime and slashing protection for your staked assets.
The platform is designed specifically for institutional investors, asset managers, and exchanges who require high-level compliance and reporting tools. You can monitor your staking performance in real-time through a dedicated dashboard and access detailed rewards data for accounting purposes. By focusing on security and protocol expertise, Figment ensures you can scale your digital asset strategy without the operational overhead of running your own infrastructure.
Lido Finance
Lido Finance provides you with a simple way to participate in proof-of-stake networks like Ethereum without the technical hurdles of running a validator node. When you stake your tokens through the platform, you receive liquid staking tokens (stTokens) that represent your staked assets and accrued rewards. This means you don't have to choose between earning rewards and having access to your funds for other uses.
You can use your liquid tokens across various decentralized finance applications to trade, lend, or provide liquidity while still earning your daily staking yield. The platform removes the traditional barriers to entry, such as the 32 ETH requirement for Ethereum staking, allowing you to start with any amount. It is managed by a decentralized autonomous organization (DAO) that oversees node operators and ensures the security of the protocol.
Overview
Figment Features
- Multi-Protocol Support Stake your assets across 30+ leading proof-of-stake networks including Ethereum, Solana, and Cosmos from one unified platform.
- Institutional Dashboards Monitor your staking positions, track performance metrics, and view real-time rewards data through a clean, professional interface.
- Slashing Protection Protect your principal investment with enterprise-grade security measures and insurance coverage designed to mitigate potential network penalties.
- Rewards Reporting Download detailed transaction histories and reward statements to simplify your tax reporting and internal accounting processes.
- Governance Participation Exercise your voting rights on protocol proposals directly through the platform to help shape the future of the networks you support.
- API Connectivity Integrate staking data directly into your own applications or internal systems using robust, developer-friendly API endpoints.
Lido Finance Features
- Liquid Staking. Receive stTokens immediately upon staking so you can maintain liquidity and use your assets in other decentralized applications.
- Daily Reward Distribution. Watch your balance grow every day as the protocol automatically distributes staking rewards directly to your connected wallet.
- No Minimum Deposit. Start staking with any amount of cryptocurrency rather than meeting the high thresholds required for independent validator nodes.
- Multi-Network Support. Manage your staking positions across multiple major blockchains including Ethereum and Polygon from a single, unified interface.
- Curated Node Operators. Benefit from a professional set of institutional-grade node operators selected by the DAO to minimize your risk of slashing.
- DeFi Integrations. Connect your staked assets to popular platforms like Curve, Aave, and Uniswap to maximize your overall earning potential.
Pricing Comparison
Figment Pricing
Lido Finance Pricing
- No monthly subscription fees
- Access to all supported networks
- Unlimited staking volume
- Real-time reward tracking
- Community governance rights
- 10% fee on earned rewards
- Fee split between operators and DAO
- No fee on your principal capital
- Automatic fee deduction
- Covers infrastructure maintenance
Pros & Cons
Figment
Pros
- Exceptional uptime records across all supported blockchain protocols
- Comprehensive reporting tools simplify complex crypto accounting tasks
- Strong focus on institutional compliance and security standards
- Direct access to protocol experts for technical support
Cons
- Higher barrier to entry compared to retail exchanges
- Commission rates may be higher than DIY staking
- Interface is geared toward professionals rather than beginners
Lido Finance
Pros
- High liquidity allows you to exit positions quickly
- Lower barrier to entry for Ethereum staking
- User-friendly interface simplifies complex blockchain interactions
- Strong track record of security audits and transparency
- Broad integration with other major DeFi platforms
Cons
- Smart contract risks inherent to decentralized protocols
- Protocol fee reduces your total net yield
- Dependence on DAO governance for key decisions