Staking Cosmos with Ledger Live

Earn money while holding Cosmos (ATOM)

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.

Cosmos sets itself as an all-in-one solution to solve scalability and interoperability issues that the blockchain industry has been trying to address using a hybrid Proof-of-Stake mechanism. Atom (ATOM) is the only currency of the Cosmos Hub. Transactions are dealt with by validators. By making blocks, those validators receive rewards, which are redistributed to their delegators according to the validator’s commission rate.

Learn more about COSMOS

Staking Cosmos with Ledger Live
Rewards

Rewards

You can earn passive income by participating in the Cosmos network using delegation.

The current annual yield on Cosmos is around 8 to 10%, minus the validators’ fees.

Carefully select your validator(s) as the rewards you’ll receive will depend on them. Only the validators that are in the top 125 can distribute rewards.

You can collect your rewards at any time on your account in Ledger Live.

If you want to stop delegating or redelegate to other validators, you need to wait 21 days before having your assets back.


Estimate your rewards

The benefits of Staking ATOM

High, on-chain rewards

Cosmos validators offer an average return of 8-10% on your delegation.

Delegate in 1 click

You can immediately delegate the rewards you receive to be able to get even higher rewards, all in one click.

Earn ATOM

Step 1


Install the Cosmos app and create an account

Using the Ledger Live Manager, install the Cosmos application on your device. Then create a Cosmos account on Ledger Live account page or select an existing account.

Step 2


Select validator

Carefully select your validator(s). You can select up to 5 validators at the same time. Then choose the amount of Atom assets you wish to delegate.

Step 3


Confirm the transaction on your device

Verify and confirm the information on your hardware wallet to start earning your rewards.

Frequently Asked Questions

There’s two different options for claiming your rewards in Cosmos: compounding and cashing in. With compounding, you will immediately add your newly received Atoms to your existing delegation. On the other hand with cashing in you will receive the Atoms generated by your delegation but they won't be delegated.

The difference between Bitcoin & Cosmos is that the validation capacity depends on the amount of delegated ATOM and not on the hardware calculation power like Bitcoin mining process.

With Cosmos the validator and delegators could lose a part of their assets if the validator misbehaves. As such, it is important to take a good look into who you are delegating your Atoms to.

By delegating your Cosmos you participate in the consensus mechanism. In exchange, you can get rewarded. If you plan to hold for some time, delegating will help you accumulate more ATOMs.