Staking
How to stake and unstake on Ledger Enterprise: the Staking Rule, choosing a validator, and managing positions.
Role: Operators. Administrators can see an Account's staking positions but cannot start or end them, in the same way they cannot create transactions.
Staking delegates assets to a validator, which makes them eligible for network rewards. Staking and unstaking are Requests, approved exactly like transfers.
Where the staked assets sit depends on the network:
Hedera and Tezos: the balance stays in your Account and stays spendable.
Sui and Ethereum: the staked amount leaves the available balance. It shows under Total staked until you unstake or withdraw.
The flow below is shared across networks. Amounts, waiting periods, and the names of the actions vary, and those specifics are in Networks.
Before you can stake
A Master Administrator must add a Staking Rule to the Account, in its Staking Rules section. The Rule names who may create staking Requests and who approves them. One Rule covers both staking and unstaking. Staking Rules are separate from send Rules: being able to send from an Account does not mean you can stake from it.
Without a Staking Rule that lists you, Start staking is disabled. Its tooltip reads "You don't have the permission to stake". You cannot add the Rule yourself. See Creating and editing Accounts.
Your positions
The Account's Staking tab is the whole picture. On Sui, Hedera and Tezos, the Staking positions table has these columns:
Validators
Who your assets are delegated to, with icon, name, a link to the explorer, and the validator's APY
Amount staked
What is staked with that validator
Rewards earned
What the position has accrued
Current value
The amount staked plus the rewards earned
Actions
The exit action for that position. Operators only
Ethereum has its own table, described in Ethereum.
Positions list largest first. The table lists each position that the network reports, so two stakes with the same validator can show as two rows. A fully unstaked position disappears from the table.
Above the table, Sui and Hedera show Total staked, Available balance, Total rewards and Total value. Tezos shows only Available balance.
Important: The APY shown is the validator's annual percentage yield before its commission. What you receive is lower by that commission. Yields vary and are not guaranteed by Ledger.
Note: An inactive validator has stopped participating, and its rewards stop. Unstaking and delegating elsewhere restarts them.
Stake
On the Staking tab, select Start staking. On Tezos, the button reads Delegate.
Enter an amount. The countervalue updates as you type. On Hedera and Tezos, the amount is the full balance and you cannot change it.
Select a validator. No validator is pre-selected. The list puts the largest total staked first, and shows each validator's icon, name, APY and total staked.
Add a note. It is the only context your Approvers have.
Check the fee. The Max fee row appears once there is an amount and a validator. It updates when the inputs change.
Select Review.
Check the details on your Ledger device.
Approve the Request on your Ledger device.
On Ethereum, the form also asks for a provider and a number of validators. The list of providers comes from Ledger. See Ethereum.
Through the API, an API user creates and approves staking Requests without the interface. See the API documentation.
Unstake
The exit action is Unstake on Sui and Hedera, Undelegate on Tezos, and Withdraw on Ethereum.
In the Actions column, select the exit action on the position you want to reduce.
The validator is filled in for you, with the current position, and cannot be changed. Unstaking always targets one specific position.
Enter the amount, with its countervalue. On Sui, Max fills in the whole position. On Hedera and Tezos, the amount is the whole position and you cannot change it.
Add a note if useful.
Check the Max fee.
Select Review.
Check the details on your Ledger device, and approve.
How long until the assets are usable again depends on the network. On some, the balance and rewards come back immediately. On others there is a waiting period. During that time the assets produce no rewards and cannot be moved. Check your network's page before you plan around it.
Staking risks
Staking carries protocol risks that Ledger does not control. The validator runs the node, and the network applies its own rules to the validator.
Slashing. Some networks penalize a validator that breaks the protocol rules, for example by signing two different blocks for the same slot. The penalty burns part of the staked assets, and the network can remove the validator.
Missed rewards. A validator that is offline or performs badly receives fewer rewards, or none. The positions delegated to it then receive fewer rewards too.
Which risks apply, and to what, depends on the network. Each network page with staking states it, with a link to the network's own documentation.
The Staking tab has no slashed status. To check a validator's record, use the network's explorer.
What can go wrong
Start staking is disabled. The available balance is 0, or no Staking Rule lists you. On Ethereum, the button is also disabled below 32 ETH of available balance, or when no provider is available.
Start staking is missing on Hedera or Tezos. A position already exists. These networks stake the whole balance, so there is one position for each Account.
The amount shows an error. The amount is below the network minimum, for example "The minimum amount to stake is 1 SUI". The form shows the minimum only after you enter an amount.
The amount or the fee shows a warning. On Sui, the amount plus the Max fee is above the available balance. On Hedera and Tezos, the Max fee is above it. The warning does not block the Request. On Ethereum, the form blocks it with "Not enough balance to cover amount plus fee".
A Transaction Check result needs your answer. On Ethereum, the form screens the transaction with Transaction Check. If the check flags a risk or a threat, or cannot complete, select Proceed to continue. Select Cancel to stop.
The exit action is disabled. Its tooltip reads "This position is not yet confirmed on-chain". The network has not settled the position yet.
Where staking is available
Staking is available on a subset of networks and the set grows. See Networks for what is supported and each network's specifics.
Related
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