Stake Any Amount of ETH via Kiln Pool Staking through Ledger Live

[@GenoShad]

Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

[@marcusjak8116]

What kinds of risks am I taking when doing this? Is there any chance that I will lose the crypto I stake like celsius and blockfi? I know its not the same but anyway. Can I lose my money by doing this?

[@ivanbeacon5883]

Why haven't they answered this question. Sounds dodgy to me that this hasn't been answered.

[@thoogerman]

Great video! Two questions: 1. When using pooled staking with Kiln through Ledger Live, what would be a reasonable amount of ETH to stake? What portion of your total available ETH balance should you use? Recommendations? (considering risks) In your example you staked 2 ETH with a balance of 9.46 ETH left in Ledger Live? So around 17.5%? 2. What are the costs to start the pooled staking process and to exit it / withdraw? Ideally you want to start and exit the staking process as less often as possible to minimize costs right? Thanks!

[@Ledger]

Hey, Could you please open a ticket by clicking on the "Contact us" button at this link: support.ledger.com/hc/en-us? This way, we can provide you with a more comprehensive response. Thank you.

[@STAyTHIrstyMyFREind]

@@Ledgerwould have been nice if you answered this here so everyone who watched this vid could benefit from the answer.

[@h.frilander2030]

After 5 days of staking it seems like best day have been 4,8% and lowest 3,37%. It changes every day. It seems like also the rewards are going directly to the staking too, so it is actually better % for a year because interest is getting more interest, so that is really nice. I haven't also tried withdrawing yet because it costs so much, hope someone can tell it went well without any problems. Gas fee is also high right now: 0.015 ETH for depositing to staking and withdrawing from staking: 0,027 ETH, so it won't be profitable stake anything under 1 ETH for one year right now. Gas fees are same if you stake for example 1 ETH or 0,05 ETH, the amount does not matter. Really high gas prices right now. However it changes all the time a little. Sorry, English is my second language, maybe won't have everything correct. This is not an investment advice, just telling my experience. I would like to hear more what you guys have to say about this staking.

[@georgem.9481]

Wow, I was about to try it on my ledger but with such crazy gas fees, I don't think it's profitable at all. Thanks for the info m8.

[@HigherPrime8]

So I have a few questions. What is the risk in running your own Validator with 32ETH vs pool staking with like Lido? Is one more secure than the other? Is the only risk of loosing my original 32 ETH is if the smart contract gets hacked? Im trying to convince a friend to stake but they are so worried about safety. Im trying to figure out the inherent risks involved with each.

[@Ledger]

Hey, to further clarify, Running your own validator with 32 ETH and pool staking with Lido both have their own risks and rewards. When you run your own validator, you have full control over your ETH and the staking process. However, it requires technical knowledge to set up and maintain the validator node. If your node goes offline or doesn't perform its duties correctly, you could be penalized by losing a portion of your staked ETH, known as slashing. support.ledger.com/hc/en-us/articles/7732713721373-How-to-solo-stake-ETH-with-Kiln-through-Ledger-Live?docs=true On the other hand, when you stake with Lido, you don't need to run your own node or have 32 ETH. Lido pools your ETH with others until it reaches 32 ETH and sets up a validator node. And you get an ERC20 token called stETH for the amount of ETH you staked with them. However, staking with Lido also has risks. These include the risk of stETH deviating from its ETH peg, potential smart contract bugs, and the risk of slashing. support.ledger.com/hc/en-us/articles/4406882832401-Staking-ETH-through-Ledger-Live-with-Lido?docs=true It's essential you perform your own due diligence and choose the provider and service the suits you!

[@TomVFormOfficial]

Thanks@@Ledger

[@ton_crypton]

I’m unable to take my eth back currently, they just showing error

[@ElaarFarms]

Hello Dan,after watching your video 2weeks ago i decided to stake my eth which i have had sitting in my ledger live wallet for over 3yrs…3days ago i decided to check whats up with my stake,i couldn’t find my eth balance i went on kiln and my staked eth balance is showing 0 next to it i can see reward earned but i cant withdraw because the request exit button and withdrawal button are both disabled…pls how do i go about this i have been restless for going to 4days now…besides i have emailed support on ledger and on kiln but no response its been 2days already…the feeling is not nice atall…hope to hear from you…Thanks

[@i3kebab752]

So what happened?

[@ivanbeacon5883]

It's very worrying that he's not answered this question.

[@i3kebab752]

@@ivanbeacon5883 I did stake mine on the kiln pool without any problems

[@joelpinho5972]

Hello, thanks for the video. As a Ledger user, I have a question that I haven't been able to clarify. Assuming I put less than 32 eth in pool staking with Kiln, is my original eth still safe in self custody or not in case there is a serious problem? What I want to know is: I may even lose the expected earn (I can live with that), but is my original eth always safeguarded?

[@Ledger]

Hi Joel - yes you can put any amount of ETH you want into a staking pool. The ETH you don't put into the pool will stay in your wallet as is and will not be staked. Basically each unit of ETH is independent and you're free to pool it or not. Hope this clarifies!

[@joelpinho5972]

Thanks for the quick reply, but now I realize I didn't explain myself well. But from the answer given I think I've understood, i.e. the amount of eth placed in stake is no longer safe in my custody, there's always the risk of it disappearing in the event of a very serious problem. Is that right?@@Ledger

[@carloalbertocimatti]

I'm interested in the same question. Is my initial capital staked always safe and can I only risk the rewards, or are my withdrawal keys exposed when I stake with Kiln? Is it really a non-custodial service?@@Ledger

[@Ledger]

@@joelpinho5972 Hey Joel - not exactly, even the staked ETH remains in your custody because your Ledger device exclusively stores the keys that can unstake your funds. That being said, there are other risks to consider when staking funds, these are disclosed here: docs.kiln.fi/v1/on-chain/security/staking-risks Hope this helps!

[@sajjadpu]

Hi. I un-stake ETH from Kiln and after exiting the withdrawal was ready but when proceeded I realized that my ETH was in "FROM". Whereas in my understanding it must be in "TO". The address in "TO" looks different. No help from Kiln and no live chat connecting on Ledger support.

[@JoanesDimatulac]

Thanks for the breakdown! 🤔 Need some advice: 🙏 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏

[@koningklootzak7788]

Scammer

[@TomVFormOfficial]

Thanks for this video. Helped a lot to understand.

[@ShineYourInnerLight]

What are you paid in? Is Kiln a safe place to stake? Are there any methods for staking where you don’t lose custody?

[@simoncheung2427]

Actually u buy the staked eth like steth, reth and send to yr wallet, it is as same as staking. It provides custody. I do not try it but I just know it by learning.

[@padraicmcgross82]

Thanks for the video. Ledger installed the KILN app automatically when I chose staking.

[@Ledger]

That's normal, Ledger Live will automatically assist you in installing and managing the Kiln app on your device 😁

[@ganzo189]

Hi, i have to pay gas fees only when i stake/unstake or even the daily autocompounding needs gas?

[@Ledger]

Hey Ganzo, this really depends on which crypto you are staking and how, gas fees are required for all transactions that involve executing operations, including staking, unstaking, and any transactions. Each of these actions requires computational power to process and record the transactions on the blockchain, which incurs gas fees. The amount of gas needed can vary based on the complexity of the transaction and the current network congestion and which network is being used. Now some other methods of staking, like if you use LIDO Liquid staking for ETH, then the auto compounding doesn't incur fees each time, this is because this is done by smart contract on LIDO's protocol, and daily you will receive compounded rewards as stETH (ERC20) token. But for example, if you are staking Cosmos ATOM, then indeed, compounding rewards will definitely require you to sign a transaction to approve it, and pay gas fees, this is because you are staking natively on the network. I hope this better clarifies.

[@ganzo189]

@@Ledger I was asking about the topic of this video: pool staking of ledger via kiln. Do I have to pay gas for the daily compounding or it works like lido?

[@Ledger]

@@ganzo189 No - once your ETH is staked, the rewards automatically accrue to your staked balance, no gas fee required. You will however need to pay gas fees to unstake your ETH. Hope this answers your question!

[@ganzo189]

@@Ledger yeah, that's all I wanted to know. Thanks!

[@benkunz]

Hi, what are the risks with this staking method ?

[@Ledger]

Hi - staking is indeed not risk free although Kiln has a great track record for running validators. You can learn more about the risks here: docs.kiln.fi/v1/on-chain/stake-from-ledger-live/pooled-staking#what-are-the-risks-of-staking Thanks!

[@ivanbeacon5883]

It sounds like the ledger company & the kiln company have no risks here, only rewards. Whereas the ledger customers are a great risk. Arnt ledger supposed to keep our crypto safe?

[@exame9160]

Hello, Why pool-staking via Ledger is not available in USA ? What's the reason ? (3:10) - Thanks

[@aleksandrsbednarskis8207]

Just recently buy Etherium with ledger and after reading all comments just think 3% not worth the risk to stake it with all this risk and problems . It was so much easier and safer with Cardano and etc. ))))) Is it anyone here staking ETH with KILN for few years without any issues?

[@eduardobr8907]

Please can you guys explain if my cryptos on staking using Ledger Live are still 100% secure? Or can my crypto been stolen from my Ledger wallet? I don’t know if I keep all my crypto for the long term on stake because I don’t know if is secure to trust others validators using my Ledger. Thanks

[@Ledger]

Hello Eduardo, when you stake your cryptocurrencies using Ledger Live, your assets remain secure on your Ledger hardware wallet. The staking process allows you to earn rewards without moving your assets off your device. The private keys for your crypto assets stay offline and are never exposed, which is a fundamental aspect of Ledger's security. Staking through Ledger Live is done on blockchains that use a Proof-of-Stake protocol, and you can participate in staking directly through Ledger's own validator node. This means you can enter the world of staking securely via a platform you already know and trust. However, it's important to note that while your private keys remain secure on your Ledger device, staking does involve certain risks, such as slashing (penalties applied by some networks for validator downtime or misbehavior). But these risks do not include the theft of your staked assets from your Ledger wallet as long as you follow security best practices. For more information on the security of staking with Ledger Live, you can visit the following link: www.ledger.com/academy/the-power-of-ledger-live Remember to always keep your recovery phrase safe and never share it with anyone, as it is the key to accessing your funds. support.ledger.com/hc/en-us/articles/5961622776861-Staking-your-crypto-through-Ledger-Live?docs=true

[@ivanbeacon5883]

Your clip doesnt say what the risks are. Ledger are supporting this staking company & promoting it so you must state very clearly what the risks are.

[@javadganjei1014]

Hi, I staked 2 ETH 4 days ago with Klin through my ledger live but still in the Klin Panel it doesnt show anything regarding my staked ETH or any rewards, What should I do?

[@Ledger]

Hey - could you clear the cache in Ledger Live by going to Settings > Help > Clear cache then go back to the Kiln dashboard, go to the Rewards section and look under 'Staked balance'. Do you see your staked ETH?

[@skut69]

How have you gone with this staking. Success?

[@WhaleFinance]

hello i bought new pc and install ledger live but when i sync my eth acc i cant see all my accounts , i have eth staking with kiln but i cant see my acc, how i can fix it or i have to wait to ledger fix that issue? pd: is eth legacy wallet

[@TheCanadianReacts]

Don’t stake with these guys it’s a scam

[@Henry14arsenal2007]

The stake button is inactive in Kiln and a pop-up says I dont have enough ETH to stake. Currently I have 0.04 ETH. Im located in Armenia, latest version of Ledger with Nano X, please help me understand what the problem is.

[@Ledger]

Hey Henry, the minimum amount to stake ETH in a Kiln pool is 0.05 ETH. You can learn more here: docs.kiln.fi/v1/on-chain/stake-from-ledger-live/pooled-staking#is-there-a-minimum-and-maximum-stake-allowed

[@khoiuc4196]

Please tell me is it under my control like stake Cardano, Tezos?

[@Ledger]

Of course - the private keys that control withdrawing your ETH from the pool never leave your Ledger device and are completely under your control. Hope this clarifies!

[@cristiansantillan834]

Hello, I withdrew my eth bet and they sent me a ticket. What is the method to follow . please information.

[@Ledger]

Hey Cristian, are you saying you withdrew ETH and received a transaction ID? if so you can copy and paste it in etherscan to view it's status. If you need any further assistance, do not hesitate to open a Live chat here: support.ledger.com/hc/en-us

[@RH32-m9f]

Hi, if I wanted to withdraw my 32 ETH. How long would it take to get back to my wallet? Thanks

[@Ledger]

Hey Reece, the time it takes to withdraw your staked ETH depends on the queue of Ethereum validators awaiting exit. This process can span from days to weeks. Once your validator has exited, you can claim your 32 ETH plus any outstanding rewards. You can track the progress and estimated exit time at beaconcha.in/. For more details, you can refer to this link: support.ledger.com/hc/en-us/articles/14637664463133-How-to-pool-stake-your-ETH-with-Kiln-through-Ledger-Live

[@Janosm80]

Hi, Let Me know please, what does it mean this note: (0.02 ETH saved for fees) Will they deduct 0.02ETH fee for the service and also 12% from the rewards? Thanks

[@Ledger]

Hey - no, this means that the app will not let you stake your entire balance because it wants you to keep some ETH in your Ethereum account to pay for the transaction fee to stake and later unstake your ETH. But since the minimum amount you can stake is already set at 0.05 ETH, this mention is redundant and can be ignored. Hope this answers your question!

[@Janosm80]

@@Ledger That's clear, thank you.

[@Ledger]

Hey Janos, the note "0.02 ETH saved for fees" in the context of Kiln staking means that this amount of your staked ETH is reserved to cover transaction fees on the Ethereum network. This is separate from any service fees that Kiln may charge. As for the 12% fee from the rewards, it's best to refer to Kiln's specific terms and conditions or their official documentation for accurate information.

[@AndrewDance117]

Nice Video - When will the Ledger App be able to detect your staked Eth from the Kiln account? So it can be viewed in the Legder Portfolio window with everything else. Thanks.

[@Ledger]

Hey Andrew, the Ledger Live app currently does not support the display of staked ETH from the Kiln account in the Portfolio window. However, you can view your staked ETH balance and rewards in the Rewards section of the Kiln dashboard within Ledger Live "Discover" tab. Ledger is continuously working on improving and adding new features, so this might change in the future. For more details on how to stake your ETH via Kiln's pool-staking feature, you can refer to this article: support.ledger.com/hc/en-us/articles/14637664463133-How-to-pool-stake-your-ETH-with-Kiln-through-Ledger-Live

[@Агент006-е4ц]

The OP Mainnet (ETH) account is not added, it gives an error, why?

[@Ledger]

Hi this is because Kiln staking pools are only available on the Ethereum (ETH) network for now. Hope this clarifies!

[@sphearit77]

What about for other cryotos like polkadot and cosmos

[@Ledger]

Hey! Currently pooled staking is only available for ETH via Kiln through Ledger Live.

[@sphearit77]

@@Ledger can u stake cosmos with ledger live and is there a max amount to put in or there isn't.

[@Ledger]

@@sphearit77 Yes you can stake Cosmos (ATOM) coins through LedgerLIve and no there's no maximum amount, more on this here: support.ledger.com/hc/en-us/articles/360014339340?docs=true Hope this helps!

[@ton_crypton]

I am unable to withdraw my eth after exiting staking, edit: withdrawed, but looks like difficult to figure out fixing of "pending" transactions.

[@ton_crypton]

m.kzbin.info/www/bejne/r4m2poRjeKmEo7M

[@Martiniw222]

I got mine sorted successfully but not easy to figure out

[@jeffreyd508]

It doesnt work if we are in the U.S., or it's simply "prohibited" by a law or something?

[@Ledger]

Hey Jeffrey, Kiln is not prohibited by law in the U.S. However, it may not work due to certain technical or regional restrictions. For more specific information, we recommend reaching out to Kiln's support team directly. On Ledger Level, could you please make sure your versions are up-to-date in the order mentioned here: support.ledger.com/hc/en-us/articles/8458939792669-How-to-perform-a-complete-update-of-your-Ledger-setup?docs=true Hopefully this helps and we remain available if needed

[@srsolo1977]

“you should do your own research” dude we’re here hoping you’ll explain that 1.29% lol

[@Ledger]

Hey - as stated in the video, the 1.29% NRR was a temporary rate pending more stakers joining the pool and has now aligned with the network average which is now a bit over 3%. Remember that this rate will vary with the number of stakers and is just an estimation. Hope this clarifies!

[@jcqsrbd9843]

Is it a new feature?

[@Ledger]

Yes! 😊 You can learn more about it here: support.ledger.com/hc/en-us/articles/13692339908893-How-to-stake-ETH-through-Ledger-Live-and-choose-the-option-that-works-best-for-you-?docs=true

[@demasjaring5435]

Create video! thx m8

[@koningklootzak7788]

Very unprofessional not to talk about the risks in details, instead he tells you to study the risks on your own. This damages Ledger's reputation and confidence. Come on.

[@srsolo1977]

they’re taking 12% of the 1.29% you’re making ?! so not only is this sketch, this is a terrible deal for the risk!

[@Ledger]

Thanks for your comment - as mentioned in the video, the 1.29% NRR was an temporary rate set until more stakers participated in the pool. Now, it has adjusted to align with the network average, currently slightly above 3%. Hope this helps clarify!

[@peterbyrne3228]

Now it's 5.5%