3/20/2023 0 Comments Liquid ledger 2 review Why stake with Ledger Live & Kiln On-Chain?Ī fully on-chain staking solution, coupled with the most-secure self-custody devices (Ledger Nano), makes a lot of sense for users. – Jean-François Rochet, VP, International Development at Ledger ![]() Ledger Live users can now deploy their own validators and stake Ethereum fully on-chain, all while benefiting from the protection of Ledger’s legendary security.” The Merge brought new opportunities for staking in the Ethereum ecosystem, and now with Kiln we’re excited to offer truly secure staking to millions of users. “ We’re thrilled to have Kiln integrated into the Ledger Live app. It is the best alternative if you want to earn rewards while contributing to the decentralization of the network. In partnership with Kiln, Ledger is now offering a native staking solution in addition to Lido's offer of liquid staking. Ledger's top priority is to create easy-to-use solutions without compromising the best-in-class security model. With Ethereum’s recent successful transition to a Proof of Stake consensus (“The Merge”) this aspect of the protocol’s development has been significantly de-risked and we are observing a large influx of customers wishing to stake ETH natively. This shows it’s only just the beginning for Ethereum staking. However, only about 16%* of the ETH supply is currently staked, in contrast with 50-80% staking ratios on other PoS blockchains. It is often cited as the most natural yield feature in crypto as the value originates from the blockchain native currency’s inflation and a share of transaction fees, and there is no counterparty risk.Įthereum is the largest PoS blockchain by market cap and developer activity. ![]() Through this activity, validators earn rewards for the stakers who committed part of their collateral. ![]() Validators review transactions on the blockchain, and bundle transactions to propose new blocks. In a Proof-of-Stake blockchain like Ethereum, staking consists of locking native tokens to earn the right to help secure the chain via a validator. We are thrilled to announce the release of native Ethereum staking in Ledger Live, powered by Kiln. Ledger Live users can now participate in Ethereum’s security and earn rewards for doing so.
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