Ledger and Figment Expand Partnership to Bring Ethereum Staking to Ledger Live

Ledger and Figment have collaborated to offer Ethereum staking on the Ledger Live application, providing ETH holders with the ability to stake directly through their Ledger devices. This integration simplifies the Ethereum staking process for users who self-custody their ETH on Ledger wallets, offering a seamless and secure staking experience from the trusted Ledger Live interface. By working with Figment, Ledger underscores its commitment to enhancing user autonomy and security, as Ledger wallets prioritize security and self-custody by giving owners full control over their digital assets.

Ledger and Figment Extend Collaboration, Bringing Ethereum Staking to Ledger Live

In a significant development, Figment and Ledger, leading providers in the blockchain and cryptocurrency space, have announced the continuation of their partnership to seamlessly integrate Ethereum staking into the Ledger Live application. This strategic collaboration empowers ETH token holders with the ability to stake their Ethereum directly through their Ledger devices, in increments as low as 32 ETH.

The integration of Figment's staking services within the Ledger Live dashboard provides users with a secure and convenient staking experience. By leveraging the trusted interface of Ledger Live, users can participate in Ethereum staking without compromising the security and self-custody of their assets. This collaboration further emphasizes Ledger's commitment to user autonomy and the protection of digital assets.

The Importance of Self-Custody

Ledger wallets are renowned for their focus on security and self-custody. Unlike exchanges, where users entrust third parties with their assets, Ledger wallets grant users complete control over their digital assets. Self-custody empowers individuals to manage their private keys, which are essential for transferring digital assets.

Custodial exchanges pose inherent risks to user assets. In the event of a breach or compromise, assets could be irrevocably lost. By opting for self-custody in a Ledger hardware wallet, users mitigate these risks, adhering to the principle of "not your keys, not your coins."

Understanding Staking

Staking is a crucial aspect of Proof-of-Stake (PoS) networks, such as Ethereum. By staking their tokens, users participate in the network's operation, security, and decentralization. In return, they earn rewards for contributing to the network's stability.

Benefits of Staking with Ledger Live

Choosing to stake through Ledger Live offers several advantages:

• Complete Control: Users retain complete control over their digital assets, thanks to the self-custody model.
• Enhanced Security: Assets are securely stored in Ledger hardware wallets, reducing the potential for security breaches.
• Minimal Complexity: Ledger Live simplifies the staking process, eliminating the complexities and lockup periods associated with other staking solutions.

Figment's Validator Services

Figment provides professional validator services, ensuring maximum security and minimal risk. Their blockchain infrastructure is designed to safeguard user assets, offering one of the most secure staking environments available.

Convenience and Peace of Mind

Ledger hardware wallets support multiple currencies, allowing users to securely stake various coins simultaneously. By leveraging Figment's validator services and Ledger's proven track record, staking through Ledger Live emerges as an optimal choice for users seeking autonomy and peace of mind.

Closing Remarks

The collaboration between Figment and Ledger represents a significant milestone in the blockchain industry. By bringing Ethereum staking to Ledger Live, users can participate in the Proof-of-Stake ecosystem while maintaining the highest levels of security and self-control. This development further strengthens the position of Ledger and Figment as leaders in the digital asset space, empowering users to take an active role in securing and earning rewards from their cryptocurrencies.