Best Liquid Staking Protocols
Top rated: Lido 8.2
Staking that hands you a tradable receipt token.
4rated →
7.9/10
Staking Platforms
Company file: Figment, owners, incidents →
Figment
Runs validators for 1,500+ institutions across 30+ networks, including the staking inside Morgan Stanley's ether and SOL ETPs (July 2026). It sells slashing cover, but the public page gives no limits or terms. Commission is agreed per client, and there is no retail app.
Best for: Institutional staking with slashing cover on offer
Company file: Figment, owners, incidents →How this score was reached
7.9 is the weighted average of the five pillar findings below. Dependable, with trade-offs a reader should know about first.
- Custody & Security30%
- 8.6
- Cost & Fee Transparency25%
- 7.0
- Regulation & Legal Standing15%
- 8.2
- Performance & Reliability20%
- 8.6
- Access & Support10%
- 6.4
Non-custodial delegation — the client keeps the assets and Figment cannot move the principal. Slashing cover is marketed for double signing, downtime and missed rewards, but the public page states no limits, deductibles or covered networks. No incident on record as of 27 Sep 2026.
Commission is agreed per client and network rather than listed on a public schedule. The Morgan Stanley ETPs pass about 95% of rewards to shareholders, a useful benchmark for institutional staking cost.
Canadian private company with SOC 2 Type II, ISO 27001 and NORS certification for Ethereum, and no enforcement record found.
Strong uptime record across many networks and low slashing incidence over a long operating period.
No retail app. Individuals reach Figment validators only through wallets and exchanges that route to it, such as Ledger for Solana.
Strengths
- Slashing cover offered for double signing, downtime and missed rewards
- Non-custodial delegation — the assets stay yours
- Long uptime record across 30+ networks, with no incident on record
Against it
- Slashing cover limits and terms are not public; ask for the policy wording
- Commission is negotiated per client, not published
- No direct retail product
The compliance team's staking operator
Figment runs validators for 1,500+ institutions across 30+ networks, including the staking inside Morgan Stanley's ether and SOL ETPs launched in July 2026. Delegation is non-custodial, so the client keeps the assets, and there is no incident on record as of 27 Sep 2026.
It markets slashing cover for double signing, downtime and missed rewards, but the public page gives no limits, deductibles or covered networks; institutions get those in their contract. Commission is agreed per client, and there is no retail app. An individual reaches Figment only through a wallet or exchange that routes to it.
Frequently asked questions
What is slashing and how likely is it?+
A protocol-level penalty for validator misbehaviour or extended downtime. With competent operators it is rare, and it is real. The useful question is who pays. Figment and Kiln both offer cover; neither publishes the limits, so ask for the policy wording.
Is Figment worth the higher commission?+
Commission is negotiated per client and network, so there is no public rate to compare. For an institution the cover and the certifications (SOC 2 Type II, ISO 27001) are what it pays for. For a retail-sized stake, a wallet routing to Everstake or Kiln is the practical route.
Is my crypto safe with Figment?+
Delegation is non-custodial: you keep the assets and delegate only the validation right, so Figment cannot move your principal. The residual risk is slashing, and the cover terms are not public.
Assessed by
By James Park
NFT & Web3 Gaming Analyst · September 27, 2026
◆ Disclosure
CoinRadar Daily is a non-commercial project. We have no commercial relationship with Figment, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.
Rubric v2.0How we score →
The rest of the staking platforms table
- 03Figment — you are hereInstitutional staking with slashing cover on offer7.9
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