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Staking NEAR (NEAR) through Ledger Live

This article describes how to delegate NEAR coins through Ledger Live. Click here to learn more about staking with Ledger by Figment node.. 

 Missing NEAR transactions on block explorer when staking or unstaking NEAR coins

After staking or unstaking NEAR coins, you might see one of the following error messages when looking for your transaction on a NEAR blockchain explorer:

  • Transaction Error: This issue is typically caused by slow broadcast times from our NEAR node. Please refresh the explorer periodically until your transaction appears. If your transaction remains unconfirmed on the block explorer after a few minutes, connect your Ledger device to Sender Wallet instead of Ledger Live and attempt the transaction again.
  • Sorry, We Are Unable to Locate this TxnHash: If you encounter this message, please connect your Ledger device to Sender Wallet and try your transaction again.

What's the APY for staking with Ledger by Figment?

  • APY (annual percentage yield) refers to the growth rate of your NEAR stake as rewards* are applied to it. 
  • The return for staking with Ledger is in line with the Near Protocol nominal yield minus a commission fee paid to Ledger and Figment for providing the staking service.
  • Please note that staking rewards are not guaranteed as they depend on a number of factors including the network’s performance and node uptime.

You can learn more about Near Protocol staking here.

Before you start

  1. Download and install the latest version of Ledger Live
  2. Open Ledger Live, connect your Ledger device to My Ledger and make sure your Ledger device is running the latest firmware version (Nano S / Nano S Plus / Nano X).
  3. Make sure that the latest version of the Near Protocol (NEAR) app is installed on your Ledger device.

How to delegate NEAR through Ledger Live?

  1. In Ledger Live, navigate to the Accounts section.
  2. Find your NEAR account.
  3. In the upper left corner, click Stake.

Account_--__Stake.png

  1. You will see a pop-up window with some basic information about staking. Click Continue

  2. A list of validators will appear. Select Ledger by Figment as the validator and click Continue. If you do not wish to delegate to Ledger, click Show all and select a different validator.

Select_validators.png

  1. Enter the amount you want to stake.

  2. Click Continue.

  3. Unlock your Ledger device and open the NEAR app.

  4. Review and approve the transaction with your device. You should see a message confirming that you’ve successfully delegated your NEAR assets. 

Stake_successfull.png

Ledger Live will display how much NEAR you’ve staked, how much you’ve got in rewards,  and which validator pools you've staked with. 

 About NEAR staking rewards

Once staked, your NEAR rewards will be reflected in the rewards section of your NEAR account within Ledger Live. Your NEAR rewards are automatically added to your staked balance and do not need to be separately managed. If you decide to unstake your NEAR, you'll be unstaking the entire balance, which includes your NEAR rewards.

Unstaking your NEAR

 When you choose to unstake, your NEAR rewards will be immediately cashed in and added to your available balance. However, your staked NEAR balance will become available for withdrawal within 52 to 65 hours.

  1. Go to your NEAR account.
  2. Scroll down until you see your staked balance and staking positions.
  3. Click Manage.
  4. Select Unstake.

Manage--_Unstake.png

  1. A pop-up window will show you which validator pools you're currently staking your NEAR with. Choose the validator you want to unstake your NEAR from. In our case, it’s Ledger by Figment.
  2. Enter the amount of NEAR you'd like to unstake from the validator.

Unstake_amount.png

  1. Click Continue.
  2. Review and approve the operation on your Ledger device. You will see a message confirming that you’ve successfully unstaked your NEAR assets.

Unstake_successfull.png

After unstaking a NEAR balance, it will shift to the Pending Release section of your NEAR account and remain there for 52 to 65 hours as it completes the unstaking process. Once this period has elapsed, you can sign one last transaction with your Ledger device to transfer the now-unstaked NEAR balance back to your available balance.

Withdraw your inactive NEAR back to Available balance

This final step allows you to fully unstake your NEAR and transfer it back to your available balance. Remember, you can only withdraw an unstaked NEAR balance after a period of 52 to 65 hours.

  1. Navigate to your NEAR account and scroll down until you see your staked balance and staking positions.
  2. Click Manage.
  3. Select Withdraw.

    Manage--_Withdraw.png

  4. Enter the amount you want to withdraw.
  5. Click Continue.
  6. Review and approve the transaction on your Ledger device.

You will see a message stating that you’ve successfully withdrawn your NEAR assets. Once the transaction is confirmed, your withdrawal and staking rewards will be credited back to your Available balance

*Rewards are not guaranteed. Ledger does not provide any financial advice or recommendation.

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