![]() Otherwise, you may need to deposit additional funds to undelegate later. Both delegation and undelegation have an associated fee, so you may wish to leave some funds in your account to cover transaction fees.Keep in mind that the total delegation amount to one validator cannot be less than 500 CSPR.Specify the amount you wish to stake or click “Delegate max” as shown below. This may inform your decision in choosing the validator that is right for you. You will notice they all charge different fees and have different amounts staked to them. Go back to your account but this time open the "delegate" tab located at: (alternatively, you click on Wallet ⇒ Delegate Stake to go there).įrom the validator list, choose any validator you like. Once you have tokens in your account, staking (delegating) with a validator is easy! However, the process will require that you send tokens to your public key as described in the documentation. This portion will vary slightly depending on where your funds are currently stored. ![]() View your account by clicking on your public key at the top right corner. Select the public key connected to your Ledger account. Sign in to cspr.live with your Ledger by clicking “Connect” under the Ledger option as shown in the screenshot below. Open the Casper app on the Ledger (you will see the message “Casper Ready”). Staking with a Validator Connect and Login with Ledger Ĭonnect your Ledger to your computer via USB and enter your PIN to unlock it. Make sure you write down whichever public key(s) that you end up using so that you have no confusion when trying to login in the future. They are all derived from the Master Seed that is secured in the Ledger key ( more info here). When logging in to cspr.live, the UI will offer numerous public keys.However, you can still safely use the Casper application on the hardware key to transact with and store tokens. Currently, Casper accounts do not link to the Ledger Live application, so your account balances will not show on Ledger Live.CRITICAL: Write down and hide your recovery codes! Without these, you will never be able to restore your account in the event that you lose or damage the hardware key.Connect your Ledger to your cspr.live account by following the Ledger Setup guide.Setup your Ledger device from their official documentation.We do not give advice on financial products.Staking with Ledger Devices Ledger Initialization īefore getting started, you need to complete two prerequisite steps: This page is not recommending a particular currency or whether you should invest or not.ĭisclaimer: The views and opinions expressed by the author should not be considered as financial advice. The prices of cryptocurrencies are volatile and go up and down quickly. Here’s an article to get you started.Īs with any investment, it pays to do some homework before you part with your money. If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. 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. The percentage return on staked ETH depends on the total staked ETH in the network. This is inaccessible to most amateur investors and has led to the collaboration between Ledger and Lido.ĭeFi innovator Lido allows Ledger’s Ethereum holders to participate in liquidity staking, with user’s joining a larger pool of decentralised investors staking any given amount of ETH. One of the biggest barriers to Ethereum 2.0 staking is the token requirement of 32 ETH in illiquid Ether holdings. Staking provides crypto investors with passive income by allowing them to participate in transaction validation on proof-of-stake blockchain networks.Īnyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards. The Polkadot and Tezos staking services were especially innovative updates for the Ledger platform, with both focusing on proof-of-stake (PoS) consensus technologies – this paved the way for the latest Ether staking update in preparation for the Ethereum 2.0 network upgrade to PoS mining. The widely-anticipated news follows the launch of staking services for Polkadot (DOT), Tezos (XTZ), Algorand (ALGO), Cosmos (ATOM) and Tron (TRX) holders on Ledger’s platform. Ledger Live – the Lido staking service – has been extended to Ethereum holders, allowing staking on the platform in anticipation of Ethereum 2.0.
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