Audius (AUDIO)

Audius is a Web3 streaming platform designed for musicians – they can build a fanbase and share their music tracks with the world without the need to sign a record deal.

Musicians are using Audius to create, grow, and monetize their work without needing a record label. Audius is built for musicians and fans to enjoy their music together with the highest quality streaming.

Meet With Us to Stake AUDIO

Figment Validator Address:

0xc1f351FE81dFAcB3541e59177AC71Ed237BD15D0

Market Cap

$19.1M

Staking Reward Rate*

Data not available

Price

$0.01

Auto-Compounding

No

Reward Frequency

Weekly (7 Days)

Activation

Immediate

Withdrawal

7 Days

Slashing Penalties Enabled

No

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake Audius With Figment?

• Decentralized alternative to Web2 music providers
• Give control of monetization of music to artists
• Owned and run by community of artists, developers and fans
• Empower artists with a more balanced royalties system

Audius Staking FAQ

What is the name of the asset being staked?

Audius’ native token, AUDIO, is used to stake (to earn fees and rewards), for feature access on the platform, and to participate in on-chain governance.

Where can I explore the network and create an Audius wallet?

Metamask software wallet, a Ledger device via Metamask (recommended), and Gnosis Safe multisig are three different ways to stake, delegate, and interact with Audius. Audius contract address: 0x18aaa7115705e8be94bffebde57af9bfc265b998 Wallet: Metamask (recommend using with Ledger hardware wallet) Staking dashboard: https://dashboard.audius.org

How long does it take to unstake?

From the moment you initiate the unbonding process, it takes 7 days to unstake. During this time you will not earn rewards. When the process is complete, you can freely transfer/trade your AUDIO tokens.

Can I lose potential staking rewards?

Rewards are eligible to be distributed once per week, and an Ethereum transaction is required for stakers claim to rewards. Anyone can do this, and Figment will do this on your behalf.

However, if the rewards are not claimed within one week, delegators to this staking provider will miss their rewards for that period. There are no consequences for node downtime.

Do I maintain custody of my AUDIO tokens? Who or what controls my staked AUDIO token?

Figment has partnerships with a number of top-in-class custodians. Please contact sales@figment.io for more inquiries.

How are decisions about Audius made and executed?

Audius uses on-chain governance, and voting is based on the number of AUDIO tokens staked. Everything in Audius is governable, including governance parameters themselves.

Explore Additional Protocols

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