Pooled staking is now available on Ledger Live. Kiln allows you to stake any amount of ETH and earn rewards.
Ethereum’s transition to a proof-of-stake consensus mechanism allowed holders to put their ETH to work and earn rewards. After that, Ledger Live users could solo stake their ETH with Kiln or use Lido for liquid staking. However, native staking requires a deposit minimum of 32 ETH while liquid staking is often considered risky due to the transferable receipt tokens.
With pooled staking, your ETH is combined with the stakes of other users to meet 32 ETH deposit thresholds.
COMPARING THE STAKING OPTIONS
If you’re not sure which type of staking is right for you, take a look at our comprehensive guide that will help you select the right option based on the amount of ETH you want to stake.
Solo staking:
Native staking allows you to participate in the network as a validator and earn rewards. You need to deposit batches of 32 ETH and manage your own node or use a validator-as-a-service provider such as solo staking with Kiln through Ledger Live.
Pooled staking:
With pooled staking you can stake any amount of ETH. To meet the 32 ETH deposit requirement, your stake is combined with the stakes of other users in a staking pool. You need to use validator-as-a-service providers.
Liquid staking:
Liquid staking lets you stake any amount of ETH—to meet the 32 ETH deposit requirement, your stake is combined with the stakes of other users. With liquid staking, you’ll receive a transferrable receipt token in exchange for your stake.
GETTING STARTED WITH POOLED STAKING IS EASY
To get started:
- Open the Ledger Live app and connect your Ledger Nano.
- In Ledger Live, navigate to Accounts → Ethereum.
- In the upper left corner, click Stake. A window will appear with the option to select solo or pooled staking with Kiln or liquid staking with Lido.
- Select Pooled Staking.
- Enter the amount you want to stake and click Stake.
For detailed, step-by-step instructions, check out this article.
PUT YOUR ETH TO WORK AND REAP THE REWARDS
When it comes to staking Ethereum, there are various options to choose from. Pooled staking is available if you want to stake your ETH without depositing 32 ETH or having to run your own validator node. Additionally, it is an alternative to liquid staking for users who want to avoid depeg risk.
Through its Ledger Live integration, Kiln allows you to leverage pooled staking securely and in just a few clicks.