EARN REWARDS* BY STAKING YOUR CARDANO
Staking your Cardano allows you to passively earn rewards for helping to secure the network.
Through the Yoroi wallet or AdaLite, and by pairing it with your Ledger hardware wallet, you can easily and securely delegate the Cardano you want to stake.
You’ll get competitive rewards, and a trustworthy validator, and you keep ownership of your coins.
WHY STAKING YOUR CARDANO
Cardano, a cryptocurrency with a large market capitalization, aims to advance Ethereum's concept with a blockchain that offers flexibility, sustainability, and scalability for executing smart contracts. This enables the creation of various decentralized finance applications, crypto tokens, games, and other innovations.
Maximise your assets
Don't let your assets gather dust. Put them to work and make them grow with Ledger.
Secure the network
When you stake Cardano, you make the Cardano blockchain successful by securing the network and validating transactions.
STAKING CARDANO IS BETTER WITH A WALLET APP THAT SUPPORT THE MOST SECURE COLD WALLET
Secure
Pairing your Ledger with a third-party wallet, allow you to grow your Cardano bag securely.
Ownership
Keep full custody of your assets when you stake with Yoroi wallet or AdaLite, unlike with crypto exchanges.
Freedom of choice
It's up to you to choose which validators you want to delegate your Cardano too.
Earn rewards
You can passively grow your assets by participating in the Cardano network. By delegating your ADA to a validator, you will receive rewards for helping to secure the network.
The current annual yield on Cardano is around 3%.
You can stop delegating your Cardano at any time and you will no need to wait to unlock your ADA tokens.
HOW DOES LEDGER'S SOLUTION WORK?
Get your device
A hardware wallet
that offers the best security for your crypto and NFTs - your assets always remain safe.
An app
to manage your crypto and access key services: buy, swap or grow your assets. Securely thanks to your hardware wallet.
Get your device
5 STEPS TO START SECURELY STAKING CARDANO
01
Buy a Ledger hardware wallet
Ledger hardware wallets are the smartest way to securely store your assets.
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
Download and install a third-party-wallet
Download and install a Yoroi wallet or AdaLite extension that lets you manage your Cardano.
04
Connect your Ledger Nano to your third-party-wallet
- Connect your Ledger Nano to a computer/smartphone and unlock it.
- Open your wallet extension.
- Connect your third-party wallet to Ledger Nano.
Using third-party wallet with your Ledger
05
Start staking Cardano
Now that you have a Cardano wallet secured by your Ledger with ADA 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
Cardano utilizes Proof-of-Stake as its consensus mechanism, in which users invest a coin to have the chance to serve as a validator. There are two ways to take part in the staking and validation process: by becoming a stake pool owner or operator. Stake pools serve as trusted server nodes that validate transactions.
To be a stake pool owner, one must delegate their Ada to a pool. This can be done by creating your own private pool or by pledging your Ada to an existing one.
A stake pool operator, on the other hand, is responsible for the maintenance of the pool and its duties include renting servers, monitoring the node, safeguarding the pool key, and performing other administrative tasks.
When staking to a Cardano stake pool, you can freely transfer your ADA in and out of your wallet, for trading or spending purposes, without any lock-in period. Just ensure that your ADA is in a pool before the epoch snapshot period for it to be counted for rewards.
You have full ownership of your Cardano when you stake through a third-party wallet, unlike with crypto exchanges.
Subscribe to our
newsletter
New coins supported, blog updates and exclusive offers directly in your inbox
Your email address will only be used to send you our newsletter, as well as updates and offers. You can unsubscribe at any time using the link included in the newsletter.
Learn more about how we manage your data and your rights.
As an enthusiast and expert in the field of cryptocurrency, blockchain technology, and decentralized finance (DeFi), I bring a wealth of knowledge and experience to the table. My expertise extends to various blockchain projects, including Cardano, one of the prominent cryptocurrencies in the market.
Now, let's delve into the concepts mentioned in the article about staking Cardano and using Ledger's solution:
1. Cardano Overview:
Cardano is a cryptocurrency with a significant market capitalization. It aims to build upon Ethereum's concepts by providing a blockchain that emphasizes flexibility, sustainability, and scalability for executing smart contracts. The goal is to enable the creation of decentralized finance applications, crypto tokens, games, and other innovations.
2. Staking Cardano:
Staking Cardano involves actively participating in the network by delegating your ADA (Cardano's native currency) to a validator. This process helps secure the Cardano blockchain and validates transactions. Stakers are rewarded for their contribution, and the current annual yield on Cardano is around 3%.
3. Benefits of Staking with a Wallet App and Ledger:
- Security: Pairing a Ledger hardware wallet with a third-party wallet (like Yoroi or AdaLite) allows secure growth of your Cardano holdings.
- Ownership: Staking with Yoroi or AdaLite ensures that you retain full custody of your assets, unlike crypto exchanges.
- Freedom of Choice: Users have the flexibility to choose which validators they want to delegate their Cardano to.
4. Ledger's Solution for Staking Cardano:
Ledger offers a secure hardware wallet solution for staking Cardano. The process involves the following steps:
- Get a Ledger hardware wallet: Purchase and set up a Ledger hardware wallet for the best security.
- Set up the device: Follow the setup steps to use Ledger for buying, managing, staking, and growing assets.
- Download a third-party wallet: Install Yoroi or AdaLite to manage your Cardano.
- Connect Ledger to the wallet: Link your Ledger Nano to a computer/smartphone, unlock it, and connect it to the third-party wallet.
- Start staking: Once your Cardano wallet is secured by Ledger, go to the Delegation List, choose a stake pool, and confirm delegation using your hardware wallet.
5. Other Cryptos Supported by Ledger for Staking:
Apart from Cardano, Ledger Live supports staking for various cryptocurrencies, including Oasis Network (ROSE), Polkadot (DOT), Hedera (HBAR), Avalanche (AVAX), and more.
6. How Cardano Staking Works:
Cardano utilizes Proof-of-Stake as its consensus mechanism. Users can participate in staking and validation by becoming either a stake pool owner or operator. Stake pools serve as trusted server nodes that validate transactions. Staking does not have a lockup period, allowing users to freely transfer ADA in and out of their wallets for trading or spending.
7. Frequently Asked Questions:
- Staking Lockup Period: There is no lockup period for staking Cardano; users can freely transfer ADA in and out of their wallets.
- Control Over Crypto: Stakers retain full ownership of their Cardano when staking through a third-party wallet, ensuring control over their assets.
In conclusion, staking Cardano with Ledger's solution provides a secure and flexible way to grow assets while actively contributing to the Cardano network's success. The process is user-friendly and offers the freedom to choose validators, ensuring a decentralized and secure staking experience.