Lido ETH staking Ledger Reddit

Ledger users can participate in the network with any amount of ETH . For each Ether you stake through Ledger with our partner Lido, you’ll receive an stETH token in exchange. You can exchange, send or sell these stETH, making Ethereum staking more liquid.

For crypto owners, staking is a way of being rewarded for participating in the network. Ledger lets you safely stake different coins directly through Ledger Live . Find out how to use compatible wallets by clicking on their names below.

“Users can now simply plug in their nano and stake whatever amounts of ETH they have , whether it be 0.5 ETH to 100s of ETH, all in a secure, non-custodial manner!” Ledger already allows users to stake tokens like Tezos, Algorand, Cosmos, and Tron through a consensus mechanism.