Figment Slate: The universal staking API  - Figment

Figment Slate: The universal staking API

Published

June 30, 2022

Rapidly and easily deploy staking across 50+ Proof of Stake networks

Figment is proud to announce the release of Slate, the universal staking API. With Slate, exchanges, custodians, channel partners, and asset managers can easily add staking and token management to their platforms.

Slate offers:

• A 90% reduction in time-to-market
• A simplified infrastructure that easily scales to support multiple networks
• Reduced engineering, operational, and infrastructure costs

Staking made easier with Slate. Integrating and staking new tokens can be a time-consuming and expensive process. Limited engineering resources and a lack of detailed protocol knowledge often combine to hinder the deployment of staking. Slate addresses these challenges by providing a single interface that connects to over 50 protocols, enabling clients to offer staking in a matter of days.

How does Slate work?

Slate abstracts away all network-specific work and translates protocol-specific content into a unified transaction format – a single API – offering a simplified user experience. It takes a standardized input for each transaction type and returns a protocol-specific transaction object that is fully ready to be signed and broadcast to the network. Slate enables a full suite of staking transactions, including sending, depositing, staking, un-staking, and re-delegating tokens as well as claiming rewards.

Workflow without Slate:

Workflow with Slate:

Click here to see Slate in action:

About Figment

Figment is one of the largest blockchain infrastructure and services providers trusted by leading custodians and exchanges such as Fireblocks, BitGo, and Ledger. Our mission is to empower investors and developers to build Web3, the next generation of the Internet.

For more information please contact slate@figment.io or visit www.www.figment.io/slate

About Figment

Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 1500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets.

The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.