Staking Cosmos with Ledger
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.
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.
The benefits of staking Cosmos
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.
Why stake with Ledger
Receive your rewards while holding your coins secure on your Ledger hardware wallet.
Freedom of choice
Stake your coins how you want: we give you access to a list of several validators. It's up to you to choose which one you want to go with.
All in one place
Access not only staking but other crypto services: Ledger is the gateway to swap, buy, sell or lend your crypto. All in one place!
Grow your Cosmos with Ledger
What is Cosmos?
Dubbed "The Internet of Blockchains", Cosmos Network is a next-generation public blockchain at the convergence of scalability and interoperability.
Cosmos is based on a blockchain engine called ‘Tendermint,’ and is generally a hub-and-spoke model for other blockchains to plug into -- facilitating interoperability of assets and better scalability.