Staking Algorand with Ledger Live

Earn money while holding Algorand (ALGO)

Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network and, in return, holders are rewarded for their contribution.

Algorand (ALGO) aims to solve the three main challenges faced by blockchains today: security, scalability, and decentralization.

In Algorand’s consensus algorithm, called Pure Proof of Stake, the network ties its security to the honesty of the majority. Algorand makes any dishonesty impossible by a minority so any cheating by the majority would be foolish. As long as two-thirds of the majority are honest, the protocol is robust.

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Staking Algorand with Ledger Live
Rewards

Rewards

You can earn passive income by participating in the Algorand network. All addresses that contain 1 ALGO or more will receive rewards. The current annual yield on Algorand is around 5 to 6%.

Rewards are claimed every time a transaction occurs to or from your account.

You could also do a transaction of 0 ALGO to yourself to claim your rewards.


Estimate your rewards

Earn ALGO with Ledger Live

Algorand has passive rewards system. You don't need any specific action to start earning.

Step 1

Install the Algorand application on your Ledger hardware wallet.

Step 2

Create your Algorand account on Ledger Live using the Ledger Live manager.

Step 3

You need at least 1 ALGO on your account to start earning.

The benefits of staking ALGO

No action to start staking - You only need a minimum balance of 1 ALGO

Compound reward - Once claimed, your rewards are directly added to your global balance

Low risk of forking

Speed of transactions

Frequently Asked Questions

Rewards are claimed every time a transaction occurs to or from your account. You could also do a transaction of 0 ALGO to yourself to claim your rewards.

You need to have at least 1 ALGO on your account to be able to earn rewards.

You don't need to do any specific action: all accounts with more than 1 ALGO are automatically elligible.