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How to stake Cardano (ADA) through Ledger Live and earn rewards

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This article explains how to delegate (stake) ADA through Ledger Live and earn rewards*. Learn more

ℹ️ An initial deposit of 2 ADA is required to activate a delegation. When you deactivate your delegation, the network will refund you.

What’s the Staking Rewards Rate (SRR) for staking with Ledger by Figment?

  • Staking Rewards Rate (SRR) refers to the rate of growth on your ADA staking rewards. This rate depends on different factors including the Cardano network’s performance and node uptime.
  • Staking rewards are added to your ADA rewards balance at the end of every epoch (about every five days) for the previous epoch and show instantly in the Rewards section of your Cardano (ADA) account.
  • For first-time ADA stakers, however, it can take up to 5 epochs to get your rewards, this mean that your first ADA staking rewards will arrive between 20 to 25 days, depending on when you initiated the delegation in the current epoch.
  • The return for staking with Ledger by Figment is in line with the Cardano network nominal rewards minus a commission fee paid to Ledger by Figment.

Before you start

Delegate (stake) a Cardano (ADA) balance

  1. Connect your Ledger device to your computer.
  2. In the Ledger Live app, navigate to Accounts  and select your Cardano (ADA) account.
  3. In your account, click Stake.



  4. Select Ledger by Figment as a validator and click Continue. You can also select a different validator.

     Why is Ledger Live saying it costs 340/345 ADA to delegate?

    The "Cost 340 ADA" you're seeing in Ledger Live when selecting a stake pool is actually the minimum fixed cost per epoch (5 days) that the stake pool operator can set. This cost is not charged to you but is deducted from the total rewards of the pool before they are distributed to stakers. The remaining rewards are then distributed proportionally to the stake of each staker, after the pool's variable fee (the n% commission) is also deducted. So, as an individual staker, you're not directly paying this 340 ADA cost.



  5. Review the transaction details and click Continue.

     At this time, you cannot select a specific amount of ADA coins to delegate; you must delegate your entire ADA balance.
  6. Unlock your Ledger device and then open the Cardano ADA app on your device.



  7. On your Ledger device, review the staking transaction. If all looks good, navigate to the screen that displays the words Confirm transaction then press both buttons simultaneously to sign and broadcast the transaction to end your Cardano (ADA) delegation.

     Just as with sending transactions, reviewing your staking transaction on your device involves navigating through multiple screens. To move from one screen to another, press both buttons simultaneously.



  8. You’ll see a message stating that you’ve successfully delegated your assets. Click Close.

Once your transaction has been confirmed on the Cardano blockchain, your delegated ADA balance will appear in the Delegation section in your Cardano account. You're all set!

 

End your Cardano (ADA) delegation (unstake) 

  1. In Ledger Live, navigate to Accounts and select your Cardano (ADA) account. 
  2. Go to the Delegation section and find your delegated balance. 
  3. Click the ... button and then click on End delegation.



  4. Click Continue.



  5. When prompted, open the Cardano ADA app on your Ledger device.



  6. On your Ledger device, review the transaction. If all looks good, navigate to the screen that displays the words Confirm transaction then press both buttons simultaneously to sign and broadcast the transaction to end your Cardano (ADA) delegation.

     Just as with sending transactions, reviewing your Cardano transaction on your device involves navigating through multiple screens. To move from one screen to another, press both buttons simultaneously.




  7. Click Close.

Learn more about Cardano (ADA) and ADA staking

 

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

 

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