# MultiversX (EGLD)

MultiversX is a Layer 1 distributed transactional computation protocol that relies on a sharded Proof of Stake architecture.

MultiversX combines three types of sharding; state, transactions, and network, to produce a solution called “Adaptive State Sharding” that improves communication among shards and increases network performance through parallel processing. The network is built on WASM and carries its own Virtual Machine called the MultiversX Virtual Machine. This allows code to be written in C++, C, Rust typescript and compiled into WASM.

## Market Cap

$87.1M

## Staking Reward Rate*

8.43%

## Price

$2.86

## Auto-Compounding

No

## Reward Frequency

1 Epoch (Daily)

## Activation

24 hours

## Withdrawal

10 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 MultiversX With Figment?

-  Adaptive State Sharding - it improves communication among shards and increases network performance through parallel processing
-  WASM - it carries its own Virtual Machine called the MultiversX Virtual Machine. This allows code to be written in C++, C, Rust typescript and compiled into WASM
-  By using sharding, Elrond's performance will scale as more computers join the network
-  Elrond has a native token $EGLD, also known as eGold. The main purpose of this token is for paying network fees, accumulating staking rewards, and rewarding validators

## MultiversX Staking FAQ

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

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