Staking is the process of locking your crypto to secure the blockchain network. For your help, you earn rewards on the total amount locked. This percentage payout varies between blockchains. Get more info about staking in our Academy article.

Staking rewards are incentives earned by individuals who participate in the process of staking cryptocurrencies. Staking is a mechanism used by certain blockchain networks to secure and validate transactions on the network. In a proof-of-stake (PoS) consensus algorithm, participants called validators are chosen to create new blocks and validate transactions based on the number of tokens they hold and “stake” in the network.

By staking their tokens, participants contribute to the network’s security and consensus protocol. In return for their contribution, they receive staking rewards, typically in the form of additional tokens. These rewards serve as an incentive to encourage individuals to hold and stake their tokens, thereby helping maintain the network’s integrity and security.

The amount of staking rewards earned can vary depending on various factors such as the network’s protocol, the number of tokens staked, and the duration of the stake.

Depending on the blockchain, a certain amount of crypto is needed to run the nodes that help validate the transactions on the blockchain and thus secure the protocol. If you don’t have the amount or the inclination to run the node, then you can delegate your crypto to a validator who will collect the crypto and run the nodes for the delegates and share with you the rewards collected. Learn more about this topic in this article from our Academy.

When you stake your crypto using Ledger Live, you own the private keys giving access to your crypto ; which means you have full control over your assets unlike staking coins on an exchange like Binance or Kraken. With Ledger Live, you can therefore choose the validator to whom you delegate your crypto which is not possible on an exchange. In addition, you avoid the fees charged by the exchange for this service.
Lear more about crypto-wallet, private keys and self-custody with our Academy articles.

When staking through Ledger, you have full control over your assets even if you delegate them. You keep control of your private keys secured by your hardware device.

You can unstake your crypto whenever you want in Ledger Live. However, some blockchain protocols require an unbounding period for unstacking and withdrawal, others do not. Do your own research before staking your crypto.

Earn section allows you to stake assets, track rewards, and discover earning opportunities across chains without navigating multiple platforms and interfaces. In the Earn section, you can easily see all your staked and eligible for staking assets, APR/APY, and earned rewards.