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1. LEDGER LIVE WALLET HOW TO
2. LEDGER LIVE WALLET INSTALL
3. LEDGER LIVE WALLET FULL
4. LEDGER LIVE WALLET SOFTWARE

Note that this practice will double your transaction cost and that, generally, the transaction fee will vary depending on the price of gas. This can help minimize the funds lost in case of fraud. As more people stake, the reward rate will continue to decay as the reward must be split among a larger pool of stakers.Īlways make sure you are interacting with the correct contract by checking the address of the contract in the LedgerLive application and cross-referencing it with the address of the Lido Ethereum 2.0 Staking contract on Generally, it’s good practice to send a small amount of funds in order to determine the legitimacy of the application before sending the entirety of funds. You can view the APR for staking your ETH with Lido. 🚨 Make sure to read the disclaimer thoroughly. Ledger allows users to stake their tokens natively within the LedgerLive application.įirst, navigate to the discover tab and choose the Lido application These tokens also accrue dividends based on the rewards earned by Lido’s Ethereum staking nodes. In this case, we exchange our ETH for stETH. Lido solves this problem by providing instant liquidity via their staking derivative. Normally, when you stake, your funds are locked in the staking contract, making users unable to provide their staked tokens as collateral. For one, you don’t have to manage your own validator and another is instant liquidity. Staking with Lido comes with several benefits. They provide staking services for several protocols like Solana and Terra in addition to Ethereum. Lido is a decentralized staking service provider. Once you have Ethereum in your wallet, you’re ready to stake your assets. Send ERC-20 tokens to this address via a centralized exchange (Coinbase, Gemini, Kraken) or another Ethereum address.Optional: Save the address so you can send funds to it (a QR code will also show up in your Ledger Live application).Verify the address in your application with the address shown on your Ledger device.Your address will be visible in the Ledger Live app.Choose the account you want to send funds to.To find the address of your Ethereum account, navigate to the “Receive” tab in the menu on the left-hand side.įollow the steps to send funds to your Ledger’s Ethereum Address: Once your account is set up, send some Ethereum to the address associated with your hardware wallet account. Now that your account has been set up, you’re ready to send and receive funds via your Ethereum address. Follow the prompts until you get to the following screen in the LedgerLive application. Next, you must approve the Ethereum app on your Ledger Device. For this tutorial, select Ethereum and create a new account. Once that’s all set you can add an account within the LedgerLive App.

LEDGER LIVE WALLET INSTALL

Install Ledger Live on your Desktopįirst, install the LedgerLive App on your phone or desktop. We’ll touch on it again briefly here, in case you have simply jumped to this section of the guide. Adding assets to your Ledger has also been covered in this part of the Ultimate Ledger Guide. In this tutorial we’ll be staking Ethereum, so ensure you have Ethereum in your ledger wallet.Īs this is part of the Ultimate Ledger Guide, we’ll be using the Ledger Nano S for this tutorial. The first step to begin earning yield on your crypto assets is to have some in the first place.

LEDGER LIVE WALLET HOW TO

In this section of our guide, we are going to walk you through how to use your Ledger wallet to efficiently stake tokens in the Ledger Live application to earn yield, and additionally, using Ledger, integrate with Metamask to earn a yield on a variety of other platforms such as Lido and Polygon!

There are several ways to stake your crypto assets.

LEDGER LIVE WALLET SOFTWARE

Ledger is one of the most respected hardware wallets in crypto and they have the software tools to match. If you’re interested in learning how to earn yield on your crypto assets, you’ve come to the right place. How to use DeFi & NFTs with your Ledger.How to stake ETH with your Ledger (👈 you are here).How to add and swap assets with your Ledger.

LEDGER LIVE WALLET FULL

⬆️ Level up your crypto experience with the full Guide: