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Ledger Live
How Ledger Live blasted beyond $65M staked ETH in less than 2 months with Kiln
Ledger is the leading platform for digital assets and Web3 security, with over 20% of the world’s crypto secured through Ledger devices.
Ledger has built a variety of products and services which enable individuals and companies to securely buy, store, swap, stake and manage crypto assets. This includes the Ledger hardware wallets line with more than 6 million units already sold in more than 180 countries.
Since November 2022, Ledger has offered users to stake ETH from their devices through Kiln’s staking product suite and Ledger Live, the one-stop shop to manage all Web3 assets, secured by Ledger.
$65M
1-month
515
"We’re thrilled to have Kiln integrated into the Ledger Live app. The Merge brought new opportunities for staking on the Ethereum ecosystem, and now with Kiln we’re excited to offer truly secure staking to millions of users.
Ledger Live users can now easily deploy their own validators, all while benefiting from the protection of Ledger’s legendary security.”
— JEAN-FRANCOIS ROCHET, VP, INTERNATIONAL DEVELOPMENT AT LEDGER
Challenge
Integrating staking is hard, especially within an existing product.
On average, it takes 1 to 4 months for a company to launch a staking offer based on our industry standards. Additional time and resources are also needed to maintain existing protocols and support new ones.
Furthermore, offering staking for Ethereum comes with its own singularities, making ETH staking even more complex. Unlike delegated Proof-of-Stake protocols, ETH can only be staked in batches of 32 units, meaning a new validator must be deployed for each new batch. Without an automated deployment solution, the nodes need to be set up manually, creating friction for users and monopolizing internal resources, especially at scale.
Besides, when offering non-custodial ETH staking without an embedded commission system, there is the risk of not getting paid as rewards accumulate in wallets controlled by users.
The staking solution for Ledger also had to respect and fit the highest security standards so as not to create vulnerabilities.
Solution
Ledger device owners now benefit from a seamless 1-click native staking experience through Kiln’s application. They can stake up to 40 validators with a single transaction.
Validators are programmatically deployed through Kiln enterprise-grade staking infrastructure and funded through Kiln’s audited staking smart contracts without any manual operation from Ledger or Kiln.
Ledger was ready to offer staking in less than a month with Kiln Onchain, saving time and considerable resources.
When a user wishes to claim his staking rewards, a part of it directly goes to Ledger as a commission: fully automated and all onchain.
The whole process is permissionless and controlled by the device owner, who always sees what they are signing with Ledger Clear-signing. There is no compromise on security.
Did you know?
Organizations can now offer their customers retail and institutional staking powered by Kiln, quickly and securely, through Ledger Enterprise.
Unlock the additional benefits of governance, self-custody, advanced reporting, and automation with this all-in-one turn-key solution.
Learn more : Staking ETH in less than 5 minutes
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $8.6 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 4% of the network; this includes 43,000+ active validators with 0 slashing events.
About Ledger
Founded in Paris in 2014, Ledger is a global platform for digital assets and Web3. Ledger is already the world leader in Critical Digital Asset security and utility. With more than 5M devices sold to consumers in 200 countries and 10+ languages, 100+ financial institutions and brands as customers, 20% of the world’s crypto assets are secured, plus services supporting trading, buying, spending, earning, and NFTs. Ledgers products include: Ledger Stax, Nano S Plus, Nano X hardware wallets, Ledger app, [ Ledger ] Market, the world’s first secure-minting and first-sale distribution platform, and Ledger Enterprise. With its ease of use, Ledger allows a user to begin investing in digital assets and ultimately, achieve financial freedom in a safe and stress-free environment.
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