Celestia is a data network that enables easy launch of blockchains. It functions as a basic blockchain, ordering and publishing transactions but not executing them. Celestia’s native token is TIA, and users can now stake it with the Ledger Device through the Keplr wallet after the release of its mainnet.
Read on to learn how to stake TIA via the Keplr wallet with the Ledger Device.
What Is Celestia?
The Celestia blockchain network launched its mainnet on October 31, 2021, focusing on data availability. What sets Celestia apart from other blockchains is its use of blockchain modularity, which involves separating key blockchain functions. Celestia offers its infrastructure to be used as a data availability and consensus layer by other blockchains.
What Is Ledger?
Ledger is a hardware wallet designed to store cryptocurrency offline and isolate private keys from internet-connected devices to enhance security. It is used with Ledger Live, a companion software enabling users to manage their cryptocurrency assets, conduct transactions, stake crypto, and monitor their balances through a user-friendly web or mobile device interface.
Currently, creating a Celestia (TIA) account within Ledger Live is not possible. However, users can use their Ledger device to perform transactions and stake TIA coins via Keplr.
Why Stake Celestia (TIA)?
Staking Celestia (TIA) can assist in keeping the network secure and has an approximately 16% Annual Percentage Rate (APR) that offers the opportunity to earn additional tokens. This can be a worthwhile method to secure the network, generate passive income, and contribute to the growth of Celestia’s ecosystem.
How to use a Ledger Live?
Visit the official Ledger website and tap the Download button to get Ledger Live. It is available for Windows, macOS, and Linux systems, along with mobile versions that run on Android and iOS.
Step 1: Install the Cosmos (ATOM) app on your Ledger device
Open Ledger Live and navigate to My Ledger.
Connect and unlock your Ledger device.
Grant access to the My Ledger app if prompted.
Find the Cosmos (ATOM) app in the application catalog.
Click Install to download the app to your Ledger.
Wait for “Installed” confirmation in Ledger Live.
Step 2: Connect your Ledger device to Keplr
Keplr Wallet, a multi-chain wallet, enables users to securely store, manage, and interact with their digital assets across various blockchain networks. Add the Keplr Chrome extension to your browser and import your account to use the wallet.
In Keplr, choose Add Wallet, then Connect Hardware Wallet.
Then, click Connect Ledger.
Name your account and click Next.
Press both Ledger buttons to launch the Cosmos app. Your Ledger screen will show “Cosmos is ready” upon successful activation.
Return to Keplr and click Next. In the new window, choose your Ledger device and click Connect.
Keplr will prompt you to select the blockchains for integration. Choose Celestia by marking the respective box and click Save.
Step 3: Top Up Your Wallet
Once Keplr confirms the account creation, open the Keplr extension in your browser. Scroll to the TIA (Celestia) section to copy your Ledger Celestia account address.
Step 4: Send tokens to your wallet
Visit a cryptocurrency exchange listed on CoinGecko to get TIA tokens. Use the address in your Keplr wallet to send them to your Ledger. Ensuring the address remains unchanged after copying and pasting it.
Step 5. Stake Your TIA
Go to Keplr Dashboard and click Manage Portfolio.
NOTE: The minimum stake for TIA is super low, less than 0.1 TIA. Ensure you have enough tokens to cover gas fees for the transaction.
Select the Celestia chain.
Choose the validator and click Stake.
Enter the desired TIA amount and click Stake.
Step 6. Approve the transaction
Click Approve Transaction in Keplr.
Then, approve the transaction on your Ledger device.
Click the right button to check the details.
Then, press both buttons to approve the transaction on your Ledger device.
Step 7. Check the Transaction Details
The transaction is successful. Now you can check the transaction status in Explorer.
The Takeaway
Staking TIA is a secure way to earn passive income while supporting the network’s stability and growth. Ledger is an ideal solution for staking your TIA as it offers offline storage for private keys to protect your tokens from unauthorized access.
It’s important to choose a trustworthy validator like Everstake because we have a proven track record of security and uptime. This can significantly impact your staking rewards.
If you require any assistance or have any queries, reach out to our Celestia Blockchain Manager via X.
