Staking Tezos with Ledger
Earn money while holding Tezos (XTZ)
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. This can be compared to earning interest in a traditional bank.
Tezos is a multi-purpose blockchain which uses a Proof-of-Stake protocol to secure its network. Token holders can delegate their accounts to a validator, who will be in charge of securing the network on their behalf. The user may then earn the rewards generated minus validator’s fees.
When staking, you can earn a passive income by participating in the Tezos network via delegation.
The current annual yield on Tezos is around 6%, minus a validator’s fees. You can use Staking Reward’s calculator to estimate your monthly earnings.
When you first start delegating, it will take roughly five weeks for you to receive your first rewards from your validator. After this, you can expect rewards about every 3 days.
The benefits of staking Tezos
In Tezos, the current consensus mechanism is known as Liquid Proof-of-Stake (LPoS). Token holders can delegate their validation rights to other token holders (called validators) without transferring ownership of their tokens. Contrary to other DPoS protocol, in Tezos you delegate your whole account.
When delegating, your XTZ are completely liquid. You are free to move your tokens anytime as there are no freezing periods when delegating to a validator.
There are no direct risks of delegating XTZ. The only risk you take is not earning the potential rewards. Carefully choose your validator to ensure quality of service and rewards.
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 Tezos with Ledger
How does it work?
Staking Tezos with Ledger Live
What is Tezos?
In August 2014, a white paper titled « Tezos — a self-amending crypto ledger » was released under the pseudonym ‘L.M. Goodman.’ Detailing an innovative method of on-chain governance where a permissionless community of users controls the direction of the network, based on proof-of-stake (PoS) consensus, Tezos generated significant buzz in the broader cryptocurrency community.