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Digital Assets, Staking: Ledger Introduces “Earn” Feature to Stake Crypto-Assets, Generate Returns While Maintaining Self Custody of Funds

Ledger, the leading cryptocurrency hardware wallet provider, has recently unveiled the availability of its ‘Earn’ section on the Ledger Live Desktop platform. In a blog post, the company announced that the feature would soon be extended to its mobile app as well.

According to Ledger, the ‘Earn’ section on the Ledger Live app allows users to stake their assets, track their rewards, and discover staking opportunities across multiple chains, all while maintaining self-custody of their assets. This means that users no longer need to navigate multiple platforms and interfaces to participate in staking activities.

Ledger has built a reputation for providing secure transaction devices and has expanded its services with the Ledger Live companion app. This app acts as a gateway for users to access third-party services without compromising the security of their assets or private keys.

The ‘Earn’ section on Ledger Live currently supports staking positions and validators for several popular cryptocurrencies, including Solana (SOL), Tezos (XTZ), Ethereum (ETH), Cosmos (ATOM), Lido Token (SETH), Near (NEAR), and Cardano (ADA). In the future, Ledger plans to introduce support for additional coins and expand its offerings beyond staking.

The ‘Earn’ section features two tabs. The first tab, ‘Asset earning rewards,’ enables users to track their staking rewards across different networks. The second tab, ‘Earn more rewards,’ displays a list of assets eligible for staking, along with estimated rewards. Users can gain smart insights, purchase and stake more assets, and start earning rewards directly from the dashboard.

Ledger Live is a popular platform with over 1.5 million active users. It allows users to buy, sell, swap, stake, and lend digital assets while ensuring ownership and security. Additionally, the Discover section of the app offers access to a growing list of decentralized applications (DApps) while protecting users’ private keys on their Ledger device.

It’s worth noting that the crypto transaction services, such as buying, selling, swapping, and lending, provided within the Ledger Live app are facilitated by third-party service providers. Ledger does not offer any advice or recommendations for using these third-party services.

Ledger’s introduction of the ‘Earn’ section on Ledger Live Desktop demonstrates its commitment to enhancing user experience and expanding its product offerings. By providing a simple and secure way to engage in staking activities, Ledger aims to empower its users to maximize their crypto assets while maintaining full control over their funds.

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