Ledger Enhances Tezos Support with Etherlink Integration and Native Staking

Ledger has announced the integration of Etherlink and native staking support for Tezos. This new feature allows Ledger users to securely manage their Tezos assets while participating in staking and accessing the Etherlink DeFi ecosystem. The integration aims to enhance user engagement and security for asset management.

Key Takeaways

Ledger integrates Etherlink and native staking for Tezos users.
Clear Signing enhances tez transfers and self-custody options.
Users can access DeFi protocols and emerging asset platforms.
Ledger’s support reflects the growing demand for secure staking solutions.
The company celebrates ten years in 2024 as a leader in digital asset security.

Ledger Expands Tezos Support With Etherlink Integration and Native Staking

Enhanced User Experience with Tezos Support

With the introduction of native staking, Ledger aims to bolster user engagement in securing the Tezos network, creating opportunities for additional returns. Following today’s announcement, Ledger users can now utilize Clear Signing for tez transfers on Etherlink while enjoying safe self-custody for their Etherlink-based tez (XTZ). This means that users can effortlessly send, receive, and manage their assets through Ledger Wallet's desktop and mobile applications. These features include a comprehensive view of their accounts, encompassing balances and transaction histories. Moreover, the integration allows for swaps using the Ledger Wallet functionality.

Interaction with the Etherlink DeFi Ecosystem

Ledger Wallet users will gain access to the Etherlink DeFi ecosystem, which includes established protocols like Curve, Morpho, and Uniswap, as well as innovative asset platforms such as uranium.io. This integration allows for secure and seamless management of tokenized physical uranium and other novel assets within self-custody wallets.

The Importance of Safe and Direct Staking

Staking is increasingly crucial in blockchain interactions, underscoring the need for safe native staking solutions that users can directly manage. Users are eager to participate in evolving ecosystems without compromising their safety.

Meeting User Needs

Ledger’s extended support for Etherlink and native Tezos staking is a significant response to user demand, combining EVM compatibility with trusted self-custody. For Tezos users, governance and network security are vital, and this support echoes those priorities. Simultaneously, Etherlink's swift expansion caters to businesses seeking budget-friendly alternatives to Ethereum’s high transaction fees. With confirmation times under one second and transaction costs below one cent, Etherlink offers an attractive solution for DeFi applications.

Ledger's Legacy and Commitment

As Ledger approaches its tenth anniversary in 2024, it stands as the global leader in digital asset protection for individuals and enterprises. With over eight million devices sold across 165 countries and ten languages, along with collaborations with more than one hundred financial institutions and businesses, Ledger continues to establish itself in the field of connected devices and platforms.

Currently, Ledger protects over twenty percent of the world's cryptocurrency assets. Built with secure design, Ledger provides peace of mind to its community, particularly critical as over $14 billion was reported stolen, defrauded, or mishandled in 2023 alone. Therefore, it’s crucial to invest in a LEDGER™ signer rather than merely any “hardware wallet.”

Understanding Tezos

Tezos is an open-source, energy-efficient blockchain designed to empower businesses, developers, and institutions while facilitating wealth transfers in the digital space. Its design principles focus primarily on facilitating the scalable deployment of decentralized applications. Renowned for being one of the first blockchains to implement Proof of Stake, Tezos boasts strong governance, long-term upgrade capabilities, and smart contract functionalities.

The Etherlink blockchain, underpinned by Tezos’ Smart Rollups technology, allows developers to deploy any EVM codebase effortlessly and migrate users and assets from Ethereum and other compatible chains. This ensures seamless communication and movement of users and assets across various networks. To learn more, visit Etherlink.