Easy Earnings Await: Receive Incentives for Your Preferred Cryptocurrencies using Ledger LiveTM
In a move to make staking more accessible and convenient, Ledger, a leading provider of secure hardware wallets, has partnered with Yield.xyz. This collaboration aims to simplify earning crypto within Ledger Live by enabling seamless, non-custodial access to yield opportunities directly through Ledger's interface [1].
The integration allows users to stake assets like Ethereum natively via Ledger Live, without the need for third-party platforms or relinquishing custody of their funds. Users can select staking providers, such as P2P.org for ETH staking, and complete staking transactions securely through their Ledger hardware device, ensuring private key safety and full control [1].
Key simplifications include integrated staking options inside Ledger Live's app, direct interaction with validators or yield protocols, security via Ledger hardware approval, real-time monitoring of staking rewards, and streamlined on-chain Ethereum staking without tokenized or synthetic representations [1].
Ledger Live users gain easy access to staking and yield farming services with a smooth user experience and high security guarantees inherent to Ledger hardware wallets. Through partnerships like P2P.org and potentially others via Yield.xyz, users can stake and earn rewards on various coins, including DOT, TRON, POL, BNB, and CRO [4].
The Earn section in Ledger Live is designed to be user-friendly, reducing the complexity often associated with staking solutions. There are no minimum requirements for most tokens, making it accessible for everyone to take advantage of the streamlined staking process [4].
By using Ledger Live, users no longer need to use less secure or less convenient software wallets for staking. The collaboration between Ledger and Yield.xyz introduces an Earn experience in Ledger Live, providing a secure way to stake and earn rewards, addressing the issue of foregoing rewards in cold storage [4].
In summary, the collaboration between Ledger and Yield.xyz simplifies earning crypto by embedding native staking flows into Ledger’s secure environment, removing the complexity and trust concerns that typically arise when using separate platforms [1][4]. This development is set to make staking more appealing and accessible to a wider audience, potentially increasing the adoption of staking as a method for generating additional rewards.
[1] Ledger. (2022, March 30). Ledger and Yield.xyz Announce Collaboration to Simplify Staking for Ledger Live Users
[4] Ledger. (n.d.). Earn
- The collaboration between Ledger and Yield.xyz has integrated staking options within Ledger Live's app, allowing users to stake coins like ETH, DOT, TRON, POL, BNB, and CRO.
- Users can securely complete staking transactions through their Ledger hardware device, ensuring private key safety and full control.
- The Earn section in Ledger Live offers a user-friendly experience, reducing the complexity often associated with staking solutions, and there are no minimum requirements for most tokens.
- By using Ledger Live for staking, users can avoid less secure or less convenient software wallets, providing a secure way to earn rewards directly within Ledger's secure environment.
- The integration of native staking flows into Ledger's secure environment is expected to make staking more accessible and appealing to a wider audience, potentially increasing the adoption of staking as a method for generating additional finance through investing in technology and crypto.
