EARN REWARDS* BY STAKING YOUR ICP
Staking your ICP allows you to passively earn rewards for helping to secure the network.
Through the Network Nervous System (NNS) Wallet, and by pairing it with your Ledger hardware wallet, you can easily and securely delegate ICP you want to stake.
You can freely choose a trustworthy validator to get competitive rewards, and you keep ownership of your Internet Computer coins.
WHY STAKING YOUR ICP
Internet Computer (ICP), formerly known as DFINITY, is a set of protocols designed to offer a decentralized alternative to centralized internet cloud providers such as Amazon Web Services and Google Cloud. The goal of ICP is to build a decentralized internet and global computing system, which is made possible by connecting independent data centers from around the world. By having the ICP protocol run on millions of computers worldwide, it aims to create a new kind of decentralized internet.
The ICP token serves multiple purposes, including governance, where token holders can lock their ICP into the network and have a say in the future development of the ICP protocol. It is also used to reward data centers that participate in the network and perform well, as well as to pay transaction fees on the network.
Maximise your ICP assets
Don't let your assets gather dust. Put them to work and make them grow with Ledger.
Secure the Internet Computer network
When you do ICP staking, you make the Internet Computer blockchain successful by securing the network and validating transactions.
ICP STAKING IS BETTER WITH A WALLET APP THAT SUPPORT COLD STORAGE
Pairing your Ledger with a third-party wallet, allow you to grow your ICP bag securely.
Keep full custody of your assets when you stake ICP with the Network Nervous System (NNS) Wallet, unlike with crypto exchanges.
Freedom of choice
It's up to you to choose which validators you want to stake your ICP.
Earn ICP rewards
You can passively grow your assets by participating in the Internet Computer network. By delegating your ICP to a validator, you will receive rewards for helping to secure the network.
To participate in network governance and cast votes on proposals in the Internet Computer blockchain, individuals must stake ICP tokens for a specified duration. By locking up ICP tokens, users create a voting “neuron” within the Network Nervous System (NNS), the transparent and algorithmic governance system that manages the Internet Computer. The ICP utility tokens locked up by a neuron serve as both a representation of the individual's stake and an identity linked to a ledger canister smart contract account, which is controlled by the individual.
Staking ICP currently has an annual yield of around 8%.
The creation of neurons adds stability to the governance of the Internet Computer by requiring the locked-up ICP utility tokens to remain untouched for a specified period, known as the lock-up period. This period can range from 6 months to 8 years.
Estimate your ICP rewards
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5 STEPS FOR STAKING ICP SECURELY
Buy a Ledger hardware wallet
Ledger hardware wallets are the smartest way to securely store your ICP tokens.
Set up your device and install the Internet Computer app
- Connect and unlock your Ledger device.
- Follow the setup steps.
- On Ledger Live, go to "My Ledger" and install the Internet Computer app.
Create an ICP wallet
Visit the Network Nervous System official website and create an NNS Wallet.
Connect your Ledger to NNS Wallet
- Open the NNS wallet and click on “Add Account”.
- Then click on “Attach Hardware Wallet”.
- Give a name to your hardware wallet. Then click on “Connect to Wallet”.
- Verify your hardware wallet information, and click “Attach Wallet”.
Start ICP staking
- From the main page of the NNS wallet, use the left-side navigation bar to travel to the "Neurons" tab.
- To stake ICP and create a new neuron, click "Stake Neurons" at the bottom of the screen.
- You'll then have to choose your Ledger wallet previously set up.
- Type the number of ICP utility tokens to stake, then click "Create".
- Set the dissolve delay to your preferred years of stake, click "set delay" and confirm it.
Other crypto to stake with Ledger
Want to learn more about staking?
We answer all the basic questions you might have in our Ledger academy: What is staking? What’s
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.