We're excited to announce what you've been waiting for. Following our successful integrations for staking Polkadot, Tezos, Algorand, Cosmos, and Tron, we've added a new partnership with Lido – the leading liquid staking solution for Ethereum 2.0 – directly within Ledger Live.
You can find Lido in Ledger Live's application directory (under the Discover section). Think of us as your secure gateway to this service – we don't operate the staking protocol but provide safe access to it.
Key Points:
- Lido operates the staking service (contact them for transaction-related issues)
- Generate passive income with your ETH through Ledger Live
- No need to wait for price appreciation – stake and earn
Understanding Crypto Staking Fundamentals
What exactly is "staking"? Simply put, cryptocurrencies aren't just for buying and selling digital assets. They can also help secure networks while generating passive income.
Lido's Liquid Staking Revolution for Ethereum
While Ethereum staking offers attractive rewards, it traditionally suffers from low liquidity. Validators must lock up 32 ETH until Ethereum 2.0 enables transfers and smart contracts.
👉 Discover how liquid staking solves this challenge
The Lido Advantage:
- No 32 ETH minimum requirement
- Participate with any ETH amount
- Maintain liquidity while earning rewards
- Receive stETH tokens representing your stake
As Iqbal V. Gandham, Ledger's VP of Payments & Trading, explains: "Until now, staking ETH lacked simplicity. Users either sent ETH to custodial platforms or needed to run infrastructure with 32 ETH. Now, they can simply connect their Ledger device through our partnership with Lido."
These stETH tokens can be:
- Swapped using services like Paraswap
- Transferred between wallets
- Sold when needed
Ethereum Staking Economics: Rewards and Fees
Staking Rewards:
- ETH staking APR fluctuates based on total network stake
- More ETH staked → lower APR (current max: 18.10% APY)
- Track live rates at stakingrewards.com
Fee Structure:
- Lido charges 10% of staking rewards
- Fees distributed among node operators, DAO, and insurance fund
- DAO can modify fees through governance votes
Why Stake ETH with Lido Through Ledger?
Three compelling reasons to choose this method:
Maximum Security
- Private keys remain protected in your Nano hardware wallet
- Hardware confirmation for all transactions
- Robust defense against hacking attempts
All-in-One Convenience
- No additional apps needed
- Access Web3 services seamlessly
- Stake ETH while managing other crypto assets
- User-Friendly Interface
Follow these simple steps:
Step-by-Step Staking Guide:
- Open Ledger Live with your Ethereum account ready (install Ethereum app if needed)
- Navigate to Discover → Select Lido
- Enter your desired ETH stake amount
- Confirm transaction on your Nano device
- Receive stETH tokens representing your stake (balance updates daily)
The Bigger Picture
This integration represents another milestone in Ledger's mission to become your gateway to Web3. With Lido in Ledger Live, we're making crypto management both easier and more secure.
Disclaimer: Crypto services are provided by third-party partners. Ledger doesn't provide investment advice regarding third-party services.
Frequently Asked Questions
Q: What's the minimum ETH I can stake with Lido?
A: There's no minimum – stake any amount you choose.
Q: How often are staking rewards distributed?
A: Rewards compound daily, reflected in your stETH balance.
Q: Can I unstake my ETH immediately?
A: Currently, ETH remains locked until Ethereum 2.0 enables withdrawals.
Q: Is my stETH usable while staked?
A: Yes! stETH can be traded, transferred, or used in DeFi protocols.
Q: How does Ledger protect my staked ETH?
A: Your private keys never leave your hardware wallet, maintaining self-custody.
Q: What happens if Lido has technical issues?
A: The protocol has multiple node operators and insurance funds for reliability.