Tezos Staking Guide Via Ledger Live: A Simple Way To Stake Your XTZ
Great products, as well as technologies, are created from ideas that are molded through many years of hard work. And it’s good because during this process key things get polished and the industry gets completely functional and working solutions. In this step-by-step guide, you will discover how to stake Tezos via Ledger Live application.
Step 1: Connect Your Ledger Device and Install Tezos Application
First of all, you have to download the Ledger Live application from the official Ledger website. It’s also important to emphasize the fact that the app is available on such desktop and mobile platforms as Windows, macOS, Linux, iOS and Android.
Once you download and install the Ledger Live, connect your Ledger hardware and initialize it or us it as an initialized device.
In this material we’ll be using the Ledger Nano S for our staking operations.
Proceed further and choose your local password which will be used upon every wallet access.
Please note, that in case you forget your local password you can easily restore your account by clicking on the ‘Forget Password’.
Now we have to install the Tezos app on your Ledger so that you could start staking.
When you get into the main menu click on the ‘Open Manager’ button.
Then enter into the search bar ‘Tezos’.
And click on the ‘Install’ button.
Please allow your Ledger device a few minutes to process this operation.
Once the wallet is installed you have to add a Tezos account on your wallet.
Then simply proceed further, going through all necessary steps.
Finalize your operation by adding your account.
You will be automatically transferred to the ‘Accounts’ section of the Ledger Live.
Step 2: Tezos Staking Process
In order to start staking, click on the ‘Earn Rewards’ button in the ‘Accounts’ section of the app.
Proceed further by clicking on the ‘Delegate To Earn Rewards’ button.
Click on the small ‘Select’ button to choose a validator
Find Everstake Baker in the list and click on it
Click ‘Continue’ button and confirm next steps!
Done! You have successfully delegated your XTZ via Ledger Live application.
Attention to all current and future Everstake delegators! Please, delegate/redelegate your XTZ to a new baker — Everstake (Old Baker — Everstake Legacy). You will continue to receive the rewards and won’t miss anything!
Promotional Fee: 5%
Promotion Duration: 3 months, until September 1st or approximately 34 Tezos cycles
Base fee after promotion: 8%
2nd Option delegate with Baker address:
Put Baker address in the ‘Validator address’ field
And finally you have to confirm this transaction via your Ledger device.
You have successfully delegated your XTZ via Ledger Live application. Please allow up to an hour for the network to confirm your delegation transaction.
In case you have any questions regarding the network cycles or anything else related to Tezos, please feel free to join our Telegram group where our support team will help you.
And if you face any issues with your Ledger device, or perhaps the Ledger Live app, contact their friendly support team.
Follow news and updates from Everstake by subscribing to the newsletter on our website and join the discussion on our social channels through the links below.