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