Staking Tron with Ledger Live
Earn money while holding Tron (TRX)
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.
Tron achieves a high rate of transactions per second (TPS) through a Delegated Proof of Stake mechanism. In the consensus, there are Super Representatives (SR) which are the block producers on the network. By making blocks those SR earn TRX rewards, that are redistributed to their voters.
You can earn passive income by participating in the Tron network using the voting system.
The current annual yield on Tron is around 7%, minus the Super Representatives’ fees.
The rewards you’ll receive will depend on the SR you vote for.
You can claim your rewards every 24 hours or receive it directly on your account depending on the SR.
Estimate your rewards
Freeze TRX into Tron Power
Freezing is similar to putting money from a current account to a saving account.
The more TRX you freeze into Tron Power (TP), the more votes you have.
1 TRX frozen = 1 Tron Power = 1 vote
Use your Tron Power to vote
You can vote and choose Super Representative (SR) candidates you want to support by using your Tron Power (TP). 1 TP = 1 vote for 1 SR.
You can divide your votes between up to 5 SRs. The election is done through a 6 hours window voting cycle. At the end of each cycle, the 27 SRs receiving a maximum number of votes will be elected.
Earn your rewards
Super Representatives (SR) can set a reward rate. Depending on this rate, they will redistribute some of their earning to their voters.
The voters can claim their rewards every 24 hours or they will receive it directly on their account depending on the SR they chose.
The benefits of Staking TRON (TRX)
Delegated funds cannot be lost or stolen. If a Super Representative isn’t compliant, there is no consequence to you.
High transaction rate
This network has one of the highest transaction rates, making it very scalable by design.
Every day, you automatically receive bandwidth which is used to cover the cost of around 20 transactions. In addition, you can receive extra bandwidth by freezing your assets.