PARTICIPATE IN ALGORAND GOVERNANCE AND EARN REWARDS*
As of April 2022, staking rewards dropped to 0 and were replaced by governance rewards. To continue receiving rewards, you will need to sign up for the Governance program.
Connect your Ledger device to MyAlgo wallet and securely participate in the Algorand Governance program. Vote on changes to the protocol from your Algorand account, help shape the ecosystem and get exclusive rewards.*
Algorand is an open-source blockchain that aims to achieve all three challenges of blockchains today: security, scalability, and decentralization.
The Algorand Foundation has closed its staking rewards program. You can now participate in Algorand Governance with an APY of 10.02% - 14.05%, as seen in previous periods. This rate may vary depending on different criteria.
Committing ALGOs to governance for a three-month period allows you to vote on measures proposed by the Foundation and earn rewards for doing so.
WHY SHOULD YOU PARTICIPATE IN ALGORAND GOVERNANCE WITH LEDGER
Grow your ALGO bag while securely holding them with your Ledger device. You are in control.
Easily and securely connect your Ledger device to MyAlgo wallet to participate in the Governance program.
ALGORAND GOVERNANCE REWARDS
The Algorand Governance program works in cycles. Each cycle lasts three months and contains a sign-up phase, a voting phase, and a rewards phase. The ALGO rewards are distributed within the first 7 days, after the end of the period.
Algorand Governance rewards
HOW DOES LEDGER'S SOLUTION WORK?Get your device
A hardware walletthat offers the best security for your crypto and NFTs - your assets always remain safe.
An appto manage your crypto and access key services: buy, swap or grow your assets. Securely thanks to your hardware wallet.
Grow your ALGO
Buy a Ledger hardware wallet
Ledger hardware wallets are the smartest way to securely store your assets.
Set up your device
Follow the setup steps, and create a Algorand account.
Sign up for the Governance program
Please note that Ledger Live doesn’t support Governance rewards. You will need to use a third-party wallet such as MyAlgo.
Select how much ALGO you want to commit then click Commit Algos.
Confirm the transaction with your Ledger device.
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.