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Staking NEAR (NEAR) in Ledger Live

This article describes how to delegate NEAR coins with Ledger Live. This feature is provided in partnership with Figment. Click here to learn more about staking with Ledger by Figment node. 

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 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 in 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 earned in rewards,  and which validator pools you've staked with. 

Unstaking your NEAR

You can also unstake your NEAR from the Staking tab:

  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

You can keep track of how much NEAR you have available, and how much is still being unstaked in your NEAR account → Staking tab.

Withdraw your inactive NEAR back to Available balance
  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

  1. Enter the amount you want to withdraw.
  2. Click Continue.
  3. 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

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