Stake Your Cardano (ADA) & Earn Rewards Through Ledger Live

Things to know:
You can now securely stake your Cardano (ADA) tokens through your Ledger Live Desktop app.

Cardano is a popular Layer 1 Proof-of-Stake blockchain offering improved transaction speed, scalability, and a growing ecosystem of DApps. 

Ledger Live enables you to manage your digital assets with the security of your Ledger Nano Hardware Wallet.

As you might know, you can already manage your Cardano (ADA) coins and the protocol’s 100 native tokens through your Ledger Live app.

We’re glad to announce that we’re reaching a new milestone in supporting the Cardano ecosystem, as you can now stake your ADA coins and collect your rewards through your Ledger Live Desktop app without leaving our secure ecosystem. 

Cardano staking is only available for your desktop app (for now) but a mobile version will be available soon. 

ADA staking works with the Ledger by Figment validator, one of the biggest service providers for staking. This partnership brings security and simplicity to your staking opportunities in ADA, SOL, CELO, and many more coins. 

Find more information here.

How to stake your ADA through Ledger? 

Staking your ADA through Ledger is as simple as pie. Just follow these simple steps:

  1. Connect your Ledger device to a computer, open Ledger Live, and navigate to Accounts.
  2. Select your Cardano account and click “Stake.”
  3. Enter the amount of ADA you want to delegate, then click Continue. Select Ledger by Figment as a validator and click “Continue” again. (You can also select a different validator)
  4. Open the Cardano app on your Ledger device, review transaction details again, and press both buttons to confirm.

And it’s done! You’ll see a message stating that you’ve successfully staked your ADA tokens. You can find more information about delegating and undelegating your ADA tokens here. 

We also recently announced the upcoming ‘Earn’ section in Ledger Live, where you will be able to monitor your rewards, grow your assets, and discover new opportunities, all within the comfort of your Ledger Live app. More information on this announcement here, and you can learn how to use this feature with this Ledger Support article.

Cardano: a popular proof-of-stake Blockchain 

Cardano was created in 2015 by Charles Hoskinson, one of the Ethereum co-founders. This protocol is a proof-of-stake public blockchain and one of the world’s biggest cryptocurrencies by market cap. 

The platform says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change. It aims to “redistribute power from unaccountable structures to the margins to individuals.” Cardano is often dubbed an “Ethereum-killer” as it tries to improve this protocol by solving the scalability problems encountered by the network.

The ADA coin is the coin that powers the Cardano network. It was launched with an ICO (Initial Coin Offering) that generated more than $62 million. People use ADA coins to pay transaction fees. ADA holders are also entitled to have a say on project developments, vote, debate, support and engage in the decision-making process. 

You can read our Ledger Academy article to learn more about Cardano. 

Stake Securely Through The Ledger Ecosystem

Crypto staking allows you to earn rewards when holding your digital assets passively. Staking through Ledger Live brings multiple benefits: 

  • Supports multiple currencies: Ledger Live lets you securely stake many coins, including ETH, SOL, ATOM, and DOT.
  • All in one place: With our partners, you can buy, swap, and stake through Ledger Live. All your crypto needs in one app.

Keep up-to-date with our latest announcements and thought leadership insights with our blog.

Stacks (STX) Joins Ledger Live: Unlock Bitcoin Capabilities Securely

Things to know:
– You can now create a Stacks (STX) account in Ledger Live Desktop and Mobile and send and receive your STX from this account, with your private keys securely stored in your Ledger device.

– Stacks is a popular layer-2 layer that aims to enhance the Bitcoin blockchain by facilitating DApps and smart contracts on the Bitcoin protocol.

– Everyone is welcome to build on Ledger Live, bring their coins and make them accessible to Ledger communities. You’ll find all the resources you need here if you’re a developer.

Stacks (STX) is an open-source protocol that aims to unlock the potential of the Bitcoin blockchain by bringing smart contracts and DApps to the Bitcoin ecosystem. Stacks works with ‘Proof of Transfer,’ a consensus mechanism that spans both chains, enabling Stacks to leverage Bitcoin’s security and Stacks apps to use Bitcoin’s state. 

According to the protocol’s website: “Stacks extends Bitcoin with new functionality. Bitcoin is Stacks’ secure and robust base layer where all transactions are settled, and Stacks adds complex apps and smart contracts.” While this goal might be similar to that of Bitcoin sidechains, drivechains, or second-layer solutions, Stacks has its own nodes, network, miners, and coin.

STX, Stacks’ native token, is the cryptocurrency of the Stacks network, used to fuel smart contracts for Bitcoin, reward miners on the open Stacks network, and enable holders to earn bitcoin by stacking. Contrary to different Bitcoin sidechains, STX is not pegged to on-chain BTC. 

Manage & secure your STX coins through your Ledger Live app

The Stacks app is already available on your Ledger Nano S Plus & Nano X, which means you can secure your STX coins with your hardware device. In addition, managing your STX tokens through Ledger Live is easy:

  1. Open your Ledger Live app. 
  2. Navigate into the accounts tab in Ledger Live and create a Stacks account. 
  3. Verify and confirm the address to deposit your tokens.

It’s as simple as that. Your STX coins are yours, tightly secured in your hardware wallet. Learn more on how to send and receive your STX tokens with our Help Center article. 

Explore the Internet of Value securely with Ledger

Ledger Live, with over 1.5 million active users, allows you to buy, sell, swap, stake, and lend your digital assets and explore the Internet of Value with ownership and security. With the Ledger Live app, you can also access an ever-expanding list of dApps in the Discover section, with your private keys automatically safeguarded on your Ledger device.

If you don’t have a Ledger device yet, check this article out to see which Ledger device suits your needs, or view our comparison page for a side-by-side comparison. You can also stay updated on our latest announcements and thought leadership publications through our blog.