Hardware Wallet Ledger Adds Support for Solana Staking
Solana Staking Now Available on Ledger
The new staking feature is enabled on the Ledger Live application in collaboration with the blockchain service Figment, which provides nodes for staking using the Ledger validator.
“We are thrilled to partner with Ledger, a leading hardware wallet provider. Through this partnership, we are excited to bring staking to the Ledger Live dashboard with ‘Ledger by Figment’ staking nodes, starting with staking support for Solana $SOL,” the announcement statement reads.
Along with Solana, the latest staking feature joins six proof-of-stake cryptocurrencies already available for staking on Ledger Live, including Ether (ETH), Tezos (XTZ), Polkadot (DOT), Cosmos (ATOM), Algorand (ALGO) among others.
Staking through Ledger Brings Wider Benefits
Staking via hardware wallets, as opposed to crypto exchanges, allows investors to truly own and control their crypto holdings, as well as the ability to choose a validator
In this regard, staking through the Ledger brings a wide range of benefits such as ease of use, self-custody, security, and coverage in addition to allowing users to further participate in the blockchain ecosystems, and earning yield.