Staking with the Ledger Vault
If a cryptocurrency you own on Ledger Vault allows staking, you can stake some of your holdings and earn a percentage-rate reward over time.
What is staking?
Cryptocurrencies that allow staking use a Proof of Stake consensus mechanism to verify and secure transactions. Validators put their coins on the line for a chance to add a new block in the blockchain in exchange for a reward. Ledger Vault puts your staked assets to work supporting validators and contributing to the security and efficiency of the blockchain.
Why stake with Ledger Vault?
- You can stake directly from the platform in a few easy steps. You remain in complete control of the process and your assets.
- You are free to enforce dedicated governance rules for your staking transactions. Operators review and validate staking transactions on a trusted hardware.
- Ledger carefully selects partner validators for their reliability and profitability to optimize the yield on your staked assets.
How does it work?
- Administrators define a staking rule for the supported proof-of-stake blockchain accounts. This rule governs staking transactions.
- Operators can stake assets, select validators, and unstake assets from the dashboard of proof-of-stake accounts.
Ledger currently supports staking on the following networks:
More proof-of-stake cryptocurrencies will follow soon!