Celestia (TIA)

Celestia is a Proof-of-Stake (PoS) blockchain with an accessible Data Availability (DA) layer. The DA layer offers networks the ability to leverage posting their data to Celestia without having to store and verify the data on their own chain. Importantly, Celestia introduces the concept of a technical ‘stack’ in the construction of blockchain networks, meaning that a given network can depend on another specialized network to provide a service within its ecosystem, in order to enable the dependent network to more efficiently accomplish its desired function/s by outsourcing certain key functions to specialized networks.

Market Cap

$330.4M

Staking Reward Rate*

5.24%

Price

$0.35

Auto-Compounding

No

Reward Frequency

1 Block (<Minute)

Activation

Immediate

Withdrawal

21 Days

Slashing Penalties Enabled

Yes

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

Why Stake Celestia With Figment?

• Celestia’s modularity allows new blockchains to customize their technical stack and move difficult-to-build aspects of their architecture to other chains.
• Celestia’s data availability layer allows other chains to permissionlessly post their data to it.
• Celestia’s TIA token is used to pay for transaction fees, participate in network governance, and staking in the Proof of Stake consensus mechanism.
• With Rollkit, rollups can be built around any application very quickly and post data to Celestia with little technical overhead, opening a path to a high iteration builder space that should encourage a rapid pace of innovation without scalability barriers in the way of this construction.

Celestia Staking FAQ

What is the name of the asset being staked? What is it being used for?
TIA is the native token of the Celestia blockchain and can be used to stake, pay for transactions, and participate in on-chain governance.

Why stake TIA?
By staking TIA, you’re eligible for new token issuance resulting from inflation on the protocol. Stakers can also earn rewards resulting from transactions on the network. Additionally, Celestia token holders are able to vote on network governance proposals.

What will I earn on staked TIA?
There is no public annual rewards rate available as the network has not yet launched. Based on annual inflation and estimated network participation rates in staking, however, rewards may be somewhere in the high single or double digits.

Where can I explore the network and create a Celestia wallet?
Keplr & Cosmostation wallets support Celestia as well as a Hardware Ledger Celestia wallet.

How long does it take to stake and unstake?
Staking is near-instant, but unstaking requires a 21-day unbonding period. No rewards are generated on staked assets in the unbonding queue.

What is the rate of new issuance (aka “annual inflation”) for TIA? How does the token supply change?
In Celestia’s first year, annual inflation is 8% of the total supply of 1B tokens. After year one, inflation decreases by 10% each year until it reaches a steady state of 1.50%.

How are rewards disbursed?
Rewards are distributed block-by-block. Figment never controls your rewards; new tokens are liquid and you are able to withdraw them whenever you want. New tokens are not automatically staked, however, and you will need to delegate them if you want to add them to your existing stake.

Can I lose potential staking rewards?
Poor validator performance results in slashing – punishment from the protocol for substandard operation. On Celestia, there is a 5% penalty for double-signing a transaction. Initially, there is 0% punishment for downtime but this may be raised later by governance proposals.

Do I keep custody of my TIA tokens when I stake?
Your assets remain in your wallet or custodian’s account but are locked by the protocol during staking.

What fee does Figment charge on Celestia?
Figment’s public fee is 10%.