Lédger® Live Staking: Earn Rewards While Staying in Control

Ledger® Live (recently rebranded as Ledger Wallet™) has evolved beyond a simple portfolio tracker into a comprehensive platform that empowers users to grow their crypto holdings. Through its integrated staking features, you can put your digital assets to work and earn rewards while maintaining the uncompromising security of your Ledger hardware wallet.

Understanding Staking with Ledger

Staking is a way to earn rewards* using your crypto assets by participating in the validation of transactions on proof-of-stake blockchains . What makes staking through Ledger Live unique is that your private keys remain offline and secure on your hardware device. You retain full custody of your assets while they work for you, avoiding the risks associated with leaving funds on exchanges .

The Earn section serves as the central hub for all staking activities . It allows you to track your rewards and discover staking opportunities across multiple chains without needing to navigate various platforms and interfaces . This section consists of two key tabs:

• Assets earning rewards: Track rewards on cryptocurrencies you are currently staking .

• Earn more rewards: See a list of your assets that are eligible for staking, along with estimated rewards, and initiate the staking process directly .

Supported Assets and Providers

Ledger Live supports staking for over 15 cryptocurrencies, with the list continually expanding . Currently, you can stake major assets including:

• Cardano (ADA) 

• Cosmos (ATOM) 

• Ethereum (ETH) – with multiple options including native staking (no minimum via partners like Coinbase) , liquid staking with Lido or Stader (no minimum required), or dedicated staking with Figment or Kiln (32 ETH minimum) 

• Polkadot (DOT) 

• Solana (SOL) 

• Tezos (XTZ) 

• Tron (TRX) 

The Earn section currently provides data for all staking positions and validators for SOL, XTZ, NEAR, ATOM, ETH, and Lido staked ETH (stETH) .

How to Start Staking

Getting started with staking in Ledger Live is straightforward :

1. Prepare your device: Ensure your Ledger hardware wallet is updated with the latest firmware and the app for your chosen cryptocurrency is installed .

2. Open Ledger Live: Navigate to the 'Earn' tab on your desktop or mobile app .

3. Select your asset: From the 'Earn more rewards' tab, choose the cryptocurrency you wish to stake .

4. Choose a validator: Ledger Live may suggest a default validator (often Ledger by Figment), but you have the freedom to select from a list of trusted providers and independent nodes .

5. Specify amount: Enter the amount to stake, remembering to leave a small balance (e.g., ~0.05 SOL) for network transaction fees .

6. Confirm on your Ledger: Review and approve the transaction details on your hardware wallet's trusted display to sign the transaction securely .

Important Considerations

• Rewards are not guaranteed: Staking rewards vary based on network conditions and validator performance .

• Lock-up periods: Some blockchains require your staked assets to be locked for a period before you can unstake them .

• Not financial advice: Ledger does not provide any financial advice or recommendations on use of staking services .

Official Resources

For detailed tutorials and the latest information, visit:

• Official Ledger Support: https://support.ledger.com/ – Search for staking guides for specific assets.

• Ledger Live Download: https://www.ledger.com/ledger-live – Ensure you download the official app.

*Rewards are not guaranteed. Ledger does not provide any financial advice or recommendation. Staking involves risks; always do your own research.

This response is AI-generated, for reference only.