Staking Polkadot with Ledger
Grow your assets while holding Polkadot (DOT)
Staking is the process of holding funds in a crypto wallet to support the operations of a blockchain network and, in return, holders are rewarded for their contribution.
Polkadot (DOT) aims to enable a new decentralized web by allowing blockchains of all kinds to securely interoperate.
Polkadot uses a Nominated Proof-of-Stake (NPoS) protocol to secure its network. DOT holders who want to stake their assets can do so as validator which requires a node running 24/7, or by nominating a validator. By doing so, they become a nominator.
You can passively grow your assets with Ledger by participating in the Polkadot network as a nominator. By validating blocks, validators receive rewards which are redistributed to their nominators.
The current annual yield on Polkadot is around 10%, minus the validators’ commission rate.
Carefully select your validator(s) as the rewards you’ll receive will depend on them. If they do not behave properly, they will get slashed and you will lose DOT as well. Only a certain number of validators at a time can participate in the consensus and be nominated. This process is called election and happens every era (about 24h on Polkadot).
You can stop nominating at any time but you will need to wait 28 days to unlock your assets.
The benefits of staking Polkadot
Polkadot validators offer an average return of 10%. This rate will vary depending on different criteria such as the amount of the stake, the number of validators and their commission.
Be part of the network
Participate in the Polkadot network by nominating the most competent and trustworthy validators in order to make the network more efficient.
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 Polkadot with Ledger
What is Polkadot?
Polkadot is a new generation blockchain protocol that simplifies cross-chain interoperability and communication by bringing multiple blockchains into one network. Designed as part of a broad vision for a web that returns control to individuals over internet monopolies, Polkadot builds on the promise of previous blockchain networks while offering several fundamental advantages.