Staking with a Ledger Validator Node FAQ

This article answers the most common questions about staking crypto assets with Ledger Validators.

 How to stake crypto with Ledger Live?

  • Looking to stake your crypto assets from the security of Ledger Live? We've got you covered.
  • This article compiles a list of tutorials to start your staking journey in Ledger Live

What is Staking?

Staking is one of many ways crypto networks secure themselves and come to consensus. In return for staking their assets, stakers earn rewards on their holdings.

All this is thanks to the proof-of-stake (PoS) consensus mechanism that is different from the traditional proof-of-work (PoW) system. 

Instead of obligating blockchain nodes to employ high computing devices, the PoS protocol requires them to stake their cryptocurrencies. The staked amount acts as proof that the nodes responsible for verifying the transactions will act with integrity because their money is at stake.

Typically, a PoS blockchain randomly chooses validators for verifying new blocks depending on the amount each node has staked. A node that has staked more cryptocurrencies has a better chance of acting legitimately, so the network allows them to approve more valuable transactions than those that have lower stakes. Once a node verifies a block, the network rewards them in its native cryptocurrency.

That is a staking reward. That’s exactly how you can increase holdings of your crypto assets. Learn more about staking on Ledger Academy.

Starting from 2022 Ledger launches validators node in partnership with infrastructure providers (eg. Figment) and on its own Ledger's infrastructure (eg. on Cosmos (ATOM) blockchain).

Ledger by Figment Node Ledger Node
What is a "Ledger by Figment" validator node?

What is Figment?

Figment is one of the world’s largest blockchain infrastructure and services provider for staking. Figment provides a staking infrastructure and service on 50+ protocols. You can learn more about Figment's staking and node's infrastructure here.

From January 2022, Ledger in partnership with Figment is going to launch the validator nodes for the following networks:

How can you stake with a "Ledger by Figment" node?

If the crypto-asset is not available for staking in Ledger Live, you need to go to the third-party wallet that supports the staking feature and there you can stake with Ledger by Figment Node. 

Crypto-asset Ledger Live Support Ledger Live Staking Wallet

Celo

Yes No Celo Wallet

Avalanche 

No No Avalanche Wallet

Luna

No No Terra Station

NEAR 

No No NEAR Wallet

Osmosis

No No Keplr Wallet

Cardano  

No No Yoroi, Adalite, Daedalus

Solana

Yes Yes Ledger Live

Mina Protocol

No No   Auro Wallet

Then in the list of validators, you can search Ledger by Figment validator. For each crypto, the staking process will be different and you should check the documentation of the wallet you selected.

When can you stake from Ledger Live?
Some assets mentioned above are already available for staking directly from Ledger Live (for example Solana). However, some assets aren't supported yet in Ledger Live or there is no staking feature. In that case, you would have to use a third-party wallet with a Ledger device that supports staking. Ledger team is continuously working on supporting more assets in Ledger Live. Check the page of supported assets here.
What are the benefits of using a "Ledger by Figment" node?

Everyone can run their own validator node. It can become a concern for security since you do not know who is behind the node. On the contrary, Ledger by Figment is managed by a world-class staking infrastructure team at Figment.

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