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Ledger Earn
Ledger leverages Kiln Connect Reporting API to power Ledger Live’s Earn section
Following significant releases enabling Ledger Live users to stake on several chains, including via the Kiln dApp to stake ETH in the Discover section, Ledger is rolling out an innovative new section called Earn.
Ledger Earn helps users put their digital assets to work. It enables users to stake their assets, track staking rewards, and discover earning opportunities across multiple chains. All of these functionalities are accessible via a single and easy-to-use dashboard.
The platform leverages the robust capabilities of Kiln Connect Reporting API to provide users with a real-time display of their staking activities and rewards. Furthermore, it proactively informs them of potential staking opportunities they might otherwise overlook. This capability makes it a vital tool to foster staking among all eligible users.
When combined with Kiln Dedicated Validators and Kiln Staking Pool, both previously integrated into Ledger Live, it allowed Ledger to power a comprehensive and adaptable staking suite in an unprecedented timeframe.
30,000
Unique wallets started staking on Ledger Live in the last 2 months
6
Protocols supported on Ledger Earn with Kiln Connect
30%
Increase in staking volume generated from Ledger Earn
Thanks to Kiln Connect's Reporting API, building Ledger Earn, our staking dashboard, has never been simpler. With just a few API calls, we have extensive and detailed data across all major PoS networks.
Best of all, our users no longer miss out on opportunities because they're unaware of the tokens they can stake and the estimated rewards associated. A game-changer for us and Ledger device owners!
Challenge
A substantial number of users hold unstaked tokens that are self-custodied via Ledger devices, most often without being aware of it. Leaving those tokens is not just a missed opportunity for earning staking rewards, but also a lost chance to contribute to the network's security through an increased staking ratio.
It’s crucial to educate those users, making them aware of their untapped tokens and guiding them on how to earn staking rewards. However, accessing this information requires running a dedicated staking infrastructure.
Getting granular data on staking operations across different blockchains demands running a staking infrastructure for each network, which is very resource-intensive, prone to errors and challenging to scale internally. Moreover, the unique characteristics of each blockchain network requires additional efforts to standardize data output endpoints.
Indeed, this intricate staking data must be reported homogeneously and understandably for every end user to pursue a staking strategy and get rewarded. Metrics like stake balance, states, rewards, activation time can be hard to find via explorers.
Ledger Live
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Solution
The integration of Kiln's Connect Reporting API within Ledger Earn has laid the groundwork for an unparalleled staking solution.
Users can now stake, track staking rewards and discover new staking opportunities across multiple blockchain networks, all without the need for maintaining a complex staking infrastructure or developing in-house tools to manage staking data.
This solution enables users to:
Discover unstaked tokens, fostering staking additional assets by scanning their wallets.
Effortlessly stake assets across major PoS networks: ETH, SOL, XTZ, NEAR and ATOM.
Standardize reporting data to create a consolidated view across all protocols.
Access real-time data on staking rewards and intricate network metrics.
The Kiln Connect Reporting API stands out for its validator agnostic nature, supporting a diverse set of node operators.
The icing on the cake? Kiln Connect's list of supported protocols continuously expands, allowing a broad staking offering.
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln runs validators on all major PoS blockchains, with over $2b of stake under management and over 3% of the Ethereum network, running on a multi-cloud, multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators, reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers. Kiln is SOC2 Type 2 certified.
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 6M 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. LEDGER’s products include: Ledger Stax, Nano S Plus, Nano X hardware wallets, LEDGER Live companion app, 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.
Bring staking to your users
>$200k
Cost saving vs building in house reporting capabilities
<1sec
Seconds to get real-time data on all staking rewards, balances and operations
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The Kiln team will be happy to brainstorm with you, understand your requirements, and find the best-suited solution.
