EARN REWARDS* BY STAKING YOUR AVAX
Staking your AVAX allows you to passively earn rewards for helping to secure the network.
Through the Avalanche Wallet, and by pairing it with your Ledger hardware wallet, you can easily and securely delegate AVAX you want to stake.
You can freely choose a trustworthy validator to get competitive rewards, and you keep ownership of your AVAX coins.
WHY STAKING YOUR AVAX
Avalanche is a blockchain platform that supports decentralized apps and custom blockchain networks.
It aims to surpass Ethereum as the leading blockchain for smart contracts, boasting a high transaction output of up to 6,500 TPS without sacrificing scalability. This is achieved through Avalanche's innovative architecture which comprises of three separate blockchains: X-Chain, C-Chain and P-Chain, each serving a specific purpose, as opposed to the approach used by Bitcoin and Ethereum where all nodes validate all transactions.
Avalanche also employs diverse consensus mechanisms for each chain based on its intended use.
Maximise your AVAX assets
Don't let your assets gather dust. Put them to work and make them grow with Ledger.
Secure the Avalanche network
When you do AVAX staking, you make the Avalanche blockchain successful by securing the network and validating transactions.
AVAX STAKING IS BETTER WITH A WALLET APP THAT SUPPORT COLD STORAGE
Secure
Pairing your Ledger with a third-party wallet, allow you to grow your AVAX bag securely.
Ownership
Keep full custody of your assets when you stake AVAX with Avalanche Wallet, unlike with crypto exchanges.
Freedom of choice
It's up to you to choose which validators you want to stake your AVAX too.
Earn rewards
You can passively grow your assets by participating in the Avalanche network. By delegating your AVAX to a validator, you will receive rewards for helping to secure the network.
The current annual yield on Avalanche is around 8%.
You can stop staking your AVAX at any time but all Avalanche validators have a minimum lock-up period for staking, which is currently at least 14 days to unlock your assets.
Make sure you don’t need your AVAX in a hurry!
HOW DOES LEDGER'S SOLUTION WORK?
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5 STEPS TO START SECURELY STAKING AVAX
01
Buy a Ledger hardware wallet
Ledger hardware wallets are the smartest way to securely store your AVAX tokens.
Buy your hardware wallet
02
Set up your device
Follow the setup steps.
Ledger is your gateway to securely and easily buy, manage, stake, and grow your assets. All in one app.
Get started with Ledger
03
Create a Avalanche Wallet
- Visit the Avalanche Wallet website and select [Create New Wallet].
- Click [Generate Key Phrase] to generate a 24-word seed phrase, which serves as the key to your wallet.
- Write the 24-word key phrase in the exact order, then check the box. Proceed by clicking [Access Wallet].
- The system will ask you to confirm some words from the key phrase to verify proper backup. Enter the necessary words from the seed phrase and click [Verify].
- Your Avalanche Wallet is set up. Click [Access Wallet] to access your wallet.
04
Connect your Ledger Nano to your Avalanche Wallet
- Connect your Ledger device and set up the Avalanche app on Ledger. CheckAvalanche Wallet documentation.
- Open the Avalanche app on your device.
- Go to the Avalanche Wallet page and select Ledger among the proposed wallets.
- The browser will display a selection box.
- Select your device and click Connect. A prompt will appear to confirm the public keys on the Ledger.
- Click the right button through the prompts on the device and on the last screen confirm by pressing both buttons. This will need to be confirmed twice because different keys are used for different chains.
Using Avalanche Wallet with your Ledger
05
Start AVAX staking
Now that you have a Avalanche wallet secured by your Ledger with AVAX tokens in it, you should simply go to the Delegation List, pick a stake pool, and confirm delegation with your hardware wallet.
LEDGER LIVE
Other crypto to stake with Ledger
See all coins supported
*Ledger validator node available
Want to learn more about staking?
We answer all the basic questions you might have in our Ledger academy: What is staking? What’s the difference between Proof-of-Stake and Proof-of-Work? What is a validator?
You can also take a look at our School of Block series on Youtube to learn how to get started in staking and make your money work for you.
Visit our Ledger Academy
What is staking
Read the article
School Of Block
See our episode about staking
What is proof of stake
Read the article
Frequently Asked Questions
Yes, it is possible to stake AVAX coins. Avalanche blockchain uses a proof-of-stake consensus mechanism, which allows holders of AVAX to earn rewards for participating in the network by holding and staking their coins.
Staking involves holding AVAX in a special wallet that is connected to the network and participating in the validation of transactions.
Stakers receive rewards for their participation in AVAX tokens.
To stake AVAX, you have two options. First, you can run your own validator node, which is costlier because you must stake 2,000 AVAX.
Or you can stake to an existing validator, which involves a much easier process called delegating. This only requires as little as 25 AVAX.
Most investors prefer delegating to a trustworthy validator for convenience.
Validators set their own fee percentage, but the protocol requires a minimum of 2%. Delegating to a validator can lower your APR due to these fees, which typically account for only 10% of the APR. However, some validators may have fees as high as 50%, so it’s important to choose carefully. Using the Avalanche Wallet allows you to view the fees of each validator before staking.
Also, keep in mind that when you want to stake AVAX, there is a fee of 0.001 AVAX for the transfer transaction from your X-CHAIN address to your P-CHAIN address.
The APR for staking AVAX to a validator is currently around 8%. To get an updated APR, you can visit the stakingrewards page dedicated to AVAX staking.
If you choose to run your own validator node, yields can reach about 0.5% higher. However, keep in mind that running a validator involves higher initial and ongoing costs for server maintenance.
AVAX staking is the process of locking up some of your AVAX tokens from the Proof-of-Stake (PoS) Avalanche blockchain to help validate blocks and secure the network. In return, you will receive AVAX staking rewards. There are three different ways to stake AVAX:
- Running your own network validator: Running your own validator node requires having 2,000 AVAX available and a machine that’s on and connected to the internet 24/7. This solution allows on average to obtain 0.5% more APR but this is the most challenging staking method.
- Staking by being Delegator: A delegator is an AVAX token holder that chooses to trust an existing validating node through delegation. Delegators are rewarded according to the same function as validators. However, the validator that you delegate to keeps a portion of your reward specified by the validator’s delegation fee rate. Staking via delegating your AVAX is the simplest solution that allows you to earn rewards and keep full custody of your AVAX.
- Staking via a centralized exchange: Exchanges such as Coinbase and Binance provide support for AVAX staking. The process allows you to start earning rewards on your AVAX. Keep in mind that with this method, you will not have ownership and custody of your AVAX.
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