Stake Your Solana (SOL) With Ledger by Figment Validator

Things to know:

– Let’s face it: the staking process is both complicated and misunderstood. And that’s a shame because crypto staking is an easy way to consistently grow your digital assets regardless of market fluctuations. – Through our collaboration with Figment – a leading Staking-as-a-Service (StaaS) provider – you have a seamless and secure way to stake your digital assets through Ledger Live*.  – Staking through the Ledger ecosystem brings key benefits, including ease of use, self-custody, security, and slashing coverage. So take the staking leap and grow your digital assets through Ledger’s top-notch security.

What is Staking?

Staking is an easy way to passively grow your crypto assets. This investment technique involves committing your digital assets to support a Proof-of-Stake (PoS) blockchain network and validate its transactions. In return, you receive crypto rewards,

Read our Ledger Academy article to learn everything about staking.

Stake Your SOL Tokens through Ledger. Securely.

Our collaboration with Figment offers, a seamless and secure way to generate staking rewards**  by staking your Solana (SOL) coins on the “Ledger by Figment” node. 

Figment is a leading Staking-as-a-Service (StaaS) provider and one of the largest non-custodial staking providers of staked SOL, providing institutional clients with a complete staking solution to earn rewards on their digital assets. 

Staking SOL on the Ledger by Figment node ensures that you’re not just passively holding your Solana but actively contributing to the network’s speed and efficiency. Through Ledger Live, managing your staked SOL becomes a seamless, user-friendly experience.

For more on staking with Figment, read their latest report from Q4 2024.

The steps to stake your SOL are easy to follow:

Select “Earn Rewards” at the top of the Solana asset page in your Ledger Live account section:

Select “Ledger by Figment” Validator:

Choose the amount of SOL from your Solana wallet you want to delegate to the Ledger by Figment staking validator:

Confirm the details of your staking transaction on your Ledger hardware wallet:

Ledger Live will then display a confirmation of the successful staking transaction. Select “View details”:

You can now view the details of your staking transaction in your Ledger Live account.

Why Stake Through The Ledger Ecosystem?

As you may know, different staking techniques are possible.

On the one hand, custodial staking solutions – where third parties control your private keys – enable passive income streams and competitive rewards. But they also have an important drawback which is that you don’t own your private keys and full ownership of your coins. Remember: not your keys, not your coins. 

Besides, whenever you stake your assets through a software wallet, your display screen is connected to the internet and vulnerable to hacking. You can not be 100% sure that what you see on your computer/smartphone screen is what you sign. In contrast, staking through your hardware wallet eliminates the risks since its offline feature makes it impenetrable to hackers. Not to mention that Ledger devices enabled Clear Signing, ensuring that what you see is what you sign.

By choosing Ledger staking validators, your coins are staked in the world’s most secure environment. You can gain rewards while securing your crypto with your Ledger hardware wallet, making sure that you stay in control of your private keys while you secure the network. 

Why Stake Your SOL with Ledger by Figment

Staking your Solana (SOL) with the Ledger by Figment validator offers a unique combination of security, simplicity, and network support. By leveraging Ledger’s renowned hardware wallet technology and Figment’s trusted validation services, you can put your SOL to work while maintaining full custody of your assets.

Evaluating Ledger by Figment Rewards

The Ledger by Figment validator saw an average Staking Rewards Rate (SRR) of 7.14% throughout Q3 2024, and 8.15% in Q4 2024—13% and 24% higher than the network averages in those quarters respectively. 

For context, staking 100 SOL via Ledger by Figment throughout Q4 of 2024 would have yielded an additional 4.8 SOL in staking rewards, versus simply holding those tokens for the same amount of time.

The Ledger by Figment validator’s outperformance of the network can be partially attributed to rewards earned through the Jito MEV marketplace, underscoring the importance of MEV in the evolving landscape of Solana staking rewards.

Ledger Live: Your All-In-One Staking App

If you choose to stake with Figment via Ledger Live, you get the best of both worlds: Ledger’s industry-leading security and Figment’s proven staking expertise. You keep full control of your SOL while earning rewards and supporting the Solana network.

Staking is simple through the Ledger Live app, where you can easily manage your staked SOL and track your rewards. The collaboration between Ledger and Figment means you’re working with two trusted names in the industry to put your SOL to work.

At Ledger, we aim to become your gateway to the Web3 galaxy by allowing you to easily and securely manage your digital assets. 

Ledger Live is the one-stop app for all your crypto needs, enabling you to buy, swap, sell, stake, and grow your digital assets from the safety of your hardware wallet. 

Staking your digital assets has never been easier and more secure. So take the leap with us and start staking via Ledger Live today.

*Crypto transaction services are provided by third-party providers. Ledger provides no advice or recommendations on the use of these third-party services.

**Rewards are not guaranteed. Ledger provides no advice or recommendations on the use of staking services.