16 July 2025
Comparing P2P.org, Kiln, and Figment: Which Staking-as-a-Service Provider is Right for You?
In the world of Proof-of-Stake (PoS) blockchains, staking-as-a-service (STaaS) providers like P2P.org, Kiln, and Figment make it easy for users to stake assets and earn rewards without running their own validator nodes. These platforms cater to both institutional and retail users, offering non-custodial staking, liquid staking options, and developer tools. But how do they stack up? This blog post compares P2P.org, Kiln, and Figment across key metrics like market share, features, fees, security, and integrations to help you choose the best provider for your staking needs.
What Are P2P.org, Kiln, and Figment?
- P2P.org: A leading non-custodial staking provider supporting over 50 PoS blockchains, including Ethereum, Solana, and Cosmos. It’s part of Lido’s staking pool and offers tools like DataHub for governance and analytics.
- Kiln: A Paris-based enterprise-grade staking platform founded in 2018, managing ~4% of Ethereum’s staked ETH (~$4 billion AUM) and supporting 10+ protocols. Known for white-label solutions and anti-slashing strategies.
- Figment: A major player with ~34% of Ethereum’s staking market share among STaaS providers. It supports Ethereum, Solana, and Cosmos, offering liquid staking via Liquid Collective and developer tools through DataHub.
Market Share and Scale
Ethereum Staking
- Figment leads with ~34% of Ethereum’s staking market, making it the top STaaS provider for validator operations.
- Kiln follows closely with ~27%, managing ~$4 billion in staked ETH, positioning it as a strong contender.
- P2P.org operates within Lido’s ecosystem, which holds ~70% of Ethereum’s liquid staking market (~$35.68 billion TVL). While P2P.org’s individual share is smaller, its role in Lido’s 39 node operators is significant.
Other Networks
- Figment: Strong in Solana (~1,700 validators, $6 billion TVL) and Cosmos, with broad multi-chain support.
- P2P.org: Supports 50+ chains, including Solana and Cosmos, with a focus on liquid staking via protocols like Jito and Marinade.
- Kiln: Expanding into Solana (6-10% GRR via Bitget Wallet) and TON, but primarily focused on Ethereum.
Features and Services
| Feature |
P2P.org |
Kiln |
Figment |
| Supported Chains |
50+ (Ethereum, Solana, Cosmos, etc.) |
10+ (Ethereum, Solana, TON, etc.) |
Ethereum, Solana, Cosmos, and others |
| Staking Type |
Non-custodial, liquid staking (Lido, Jito) |
Non-custodial, white-label, pooled staking |
Non-custodial, liquid staking (Liquid Collective) |
| Liquid Staking |
Yes, via Lido and others |
Yes, via Liquid Collective (LsETH) |
Yes, via Liquid Collective and JitoSOL |
| White-Label Solutions |
Yes, for custodians/exchanges |
Yes, API-first for wallets/custodians |
Limited, focused on DataHub |
| Developer Tools |
DataHub for governance and data |
Unified API, Kiln Dashboard |
DataHub for governance and data |
| Minimum Staking |
No minimum for some protocols |
Flexible, no minimum for pooled staking |
No minimum for liquid staking |
| DeFi Integration |
Supports DeFi yields (e.g., stETH) |
Supports DeFi yields (e.g., stETH) |
Supports DeFi yields (LsETH, JitoSOL) |
- P2P.org: Excels in multi-chain support and developer tools via DataHub, ideal for those leveraging liquid staking through Lido.
- Kiln: Offers a robust API and dashboard, perfect for institutions needing white-label solutions and DeFi integrations.
- Figment: Shines in market share and liquid staking via Liquid Collective, with developer-friendly tools similar to P2P.org.
Fees and Reward Structure
- P2P.org: Fees vary by protocol but align with Lido’s ~10% on rewards. No claiming fees for some setups, with automatic reward distribution in liquid staking.
- Kiln: Transparent fees deducted via smart contracts, visible on Etherscan. Claiming rewards incurs transaction fees, which may deter frequent withdrawals for small stakers.
- Figment: Fees are less transparent, likely ~10-15% of rewards based on industry standards. No explicit claiming fees, suggesting seamless reward distribution.
Community Note: On platforms like X, Kiln is praised for fee transparency, while Figment users appreciate custom withdrawal addresses but criticize unclear fee structures.
Security and Reliability
- P2P.org: Non-custodial with slashing protection, backed by Lido’s audited infrastructure and secure DevOps practices.
- Kiln: Features 24/7 monitoring, multiple audits, and anti-slashing strategies (developed with the Ethereum Foundation). Offers industry-leading SLAs.
- Figment: Runs secure validators with slashing coverage and partners with Liquid Collective for enterprise-grade security, trusted by Coinbase and Kraken.
Integrations and Partnerships
- P2P.org: Integrated with Lido, Jito, and Marinade, with DataHub supporting developer ecosystems.
- Kiln: Partners with Bitget Wallet, Zodia Custody, and Ledger Live. Collaborates with Figment on Liquid Collective and raised $17M in 2024.
- Figment: Leads in Liquid Collective alongside Kiln and Coinbase, with strong Solana (Jito) and Cosmos integrations.
User Experience and Accessibility
- P2P.org: Developer-friendly via DataHub, accessible to retail and institutional users with no minimum staking for some protocols.
- Kiln: Offers a no-code white-label solution and dashboard, ideal for institutions but accessible via integrations like Ledger Live.
- Figment: DataHub provides a robust developer interface, with broad accessibility through Liquid Collective and Ledger Live.
Which Provider Should You Choose?
- Choose P2P.org if you want:
- Broad multi-chain support (50+ protocols).
- Liquid staking via Lido or developer tools like DataHub.
- Flexibility with no minimum staking requirements.
- Choose Kiln if you need:
- Institutional-grade Ethereum staking with transparent fees.
- White-label solutions or API integrations.
- DeFi yield opportunities with staked assets.
- Choose Figment if you prioritize:
- Market-leading presence in Ethereum and Solana.
- Liquid staking via Liquid Collective.
- Developer tools and institutional partnerships.
Final Thoughts
For Ethereum staking, Figment and Kiln dominate with ~61% combined market share, while P2P.org shines within Lido’s ecosystem. For Solana or other chains, Figment and P2P.org offer broader support, with Kiln catching up. Kiln stands out for transparency and institutional features, Figment for market share and liquid staking, and P2P.org for multi-chain flexibility and developer tools. Your choice depends on your priorities—whether it’s fees, chain support, or institutional-grade solutions.
Ready to stake? Check out P2P.org, Kiln, or Figment to get started.
Sources:
- https://p2p.org
- https://kiln.fi
- https://figment.io
- https://alluvial.finance/introducing-kiln/
- https://lido.fi
- https://bitgetwallet.com
- https://ethereum.org
- https://reddit.com/r/CryptoCurrency
- https://x.com
- https://liquidcollective.io
- https://coingecko.com
tags: