Firstly, Ledger is the safest way to stake ETH.More precisely, three key reasons explain why you should stake your ETH through Ledger Live: Staking your ETH through Ledger Live enables you to validate Ethereum transactions and be rewarded for doing so within the security of your Nano Hardware Wallet. This fee can be changed by the DAO pending a successful vote. This fee is split between node operators, the DAO, and an insurance fund. Regarding fees, Lido applies a 10% fee on a user’s staking rewards. You can click here to track the current Ethereum staking rate. If the total amount of ETH staked is low, then the reward rate will consequently be higher, with a maximum annual reward rate of 18.10%. An increase in the total amount of staked ETH leads to a decrease in APR. Ethereum Staking Rewards and Fees: what you should knowĬoncerning staking rewards, the percentage return on staked ETH depends on the total staked ETH in the network. These stETH tokens can be swapped, sent, or sold using services such as Paraswap. As of this week, users can simply plug-in their Ledger device and stake via our partner Lido”. You either needed to send your ether to a custodial platform, which stakes it on your behalf, or you had to run an infrastructure yourself and stake a minimum of 32ETH. Gandham, VP Payments & Transactions at Ledger, puts it: “Up until now there has not been a super simple method to stake ether. For each Ether you’ll stake through LIDO you’ll receive stETH in exchange.Īs Iqbal V. Lido allows users to participate in the network with any amount of ETH, without the need to maintain complex infrastructure whilst preserving the liquidity of your ETH. Let’s face it: it’s not an easily affordable amount of crypto… But there’s no need to worry, because Lido enables what is called “Liquid Staking”.īy staking ETH with Lido, you don’t need to own 32 ETH to become a network validator. Validators are required to stake 32 ETH and to keep them locked until transfers and smart contracts are implemented on Ethereum 2.0. Making Ethereum staking more liquid with LidoĪs appealing as it may seem, Ethereum staking is quite illiquid. It’s also about generating passive income while helping secure the network. Crypto isn’t only about buying and selling digital assets. Stake it!īut what does “staking” mean, exactly? It’s pretty simple. No need to hold and wait for the price to rise. You can now generate passive income with your ETH thanks to our new partnership with Lido, now available on Ledger Live. Secure the Ethereum network with Lido through Ledger Live If you encounter any transaction related issues, please reach out to Lido. Essentially, we form a gateway to this service, we do not manage it but rather provide you with a secure way to access it. You can find Lido in Ledger Live Apps Catalog (in the Discover Section ). After making it possible to stake Polkadot, Tezos, Algorand, Cosmos and Tron, we just added our new partner Lido – a liquid staking service for Ethereum 2.0 – into Ledger Live*.
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