NEAR Staking is Now Available on Ledger Live

January 30, 2023

We are excited to announce that NEAR Staking is now available in Ledger Live ($NEAR).

Key Highlights: 

  • We are excited to now add protocol staking support for NEAR ($NEAR). Keep an eye out for the next integration coming very soon .
  • Staking through the Ledger ecosystem brings many benefits including ease of use, self-custody, and security. Protocol staking with the Ledger by Figment nodes allows you to further participate in blockchain networks and earn token rewards.
  • We also support staking through Ledger by Figment nodes on Solana ($SOL), Osmosis ($OSMO), and $CELO. 

NEAR: First Look  

NEAR Protocol (NEAR) is a Layer-1 smart contract platform that launched in October 2020 with the aim of driving web3 adoption. NEAR’s focus is on user and developer friendliness, ultra-high scalability and multichain interoperability. A specificity of NEAR is that the design of its tokenomics directly incentivizes developer participation and contract creation by allocating 30% of transaction fees to a smart contract when used. Learn more about NEAR in our latest article.

Staking Overview 

​​Staking tokens helps decentralize, secure, and maintain the health of the network. Staking provides a steady stream of rewards, independent of underlying token prices.

Staking your tokens is essential for the operation of the protocol. In return, your tokens allow you to earn new issuance (also known as inflation) subsidies, and transaction fees generated from the network.

For more information on Protocol Staking, check out Part 1 and Part 2 of our educational video Wat Dat? series.

Stake Through The Ledger Live App 

Staking through the Ledger Live app gives you the ability to earn rewards while your assets remain secured by your Ledger with self-custody.

Staking through your Ledger wallet has several benefits:

  • Enterprise validator services. Figment is the world’s leading provider of blockchain infrastructure.
  • Convenience and Security. You will earn rewards via the ledger live app while securely holding your crypto through self custody via your Ledger hardware wallet.
  • Multiple currencies supported. Ledger hardware wallets allow you to securely store and stake multiple coins simultaneously.

Start staking NEAR on your Ledger today!


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