Yamgo Now Enables Native-staking on Hedera with a Ledger Hardware Wallet

Yamgo, a cryptocurrency wallet and rewards app built on Hedera, has announced a significant update to its web app that enables users to participate in native staking on Hedera using their Ledger hardware wallets. The new release means Yamgo is currently the only wallet on Hedera that enables users to earn Hedera’s native staking rewards via a Ledger device, making it a unique and valuable opportunity for users to start earning up to 6.5% APR on their HBAR.

The new staking feature allows users to earn rewards by holding HBAR in their Ledger hardware wallets, supporting the Hedera network in the process. The rewards come in the form of a share of the network’s transaction fees, with an estimated return on investment of up to 6.5% APR.

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“We are very excited to unlock native staking on Ledger for Hedera users,” said Ian Mullins, CEO of Yamgo. “Not only does it provide a new way for users to make the most of their HBAR, but it also supports the Hedera network. We’ve always been committed to increasing engagement with the Hedera network and this update allows the often forgotten Ledger users to finally participate in staking.”

“We are thrilled to see Yamgo enable native staking for Hedera using Ledger hardware wallets,” said Christian Hasker, CMO of Swirlds Labs, supporting the growth of the Hedera network. “Yamgo (and AdsDax) have always supported the network through early adoption of Hedera’s core features and functions. This feature allows for more decentralisation and security in the network while providing users with a new way to earn rewards on their HBAR holdings.”

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To participate in staking, users must create an account at Yamgo.com and follow the instructions to set up their staking. The process is simple and efficient, taking only a few minutes to complete.

Chief Product Officer Ryan Davies discussed the release: “We are thrilled to offer this latest update to our users, and we look forward to seeing users of Ledger wallets getting their chance to earn HBAR while benefiting from the security of their Ledger device. As well as allowing the Hedera community to earn staking rewards prior to the official launch, everybody who signs up to Yamgo can get extra HBAR by using our Daily Boost feature, meaning you earn further HBAR rewards on top of Hedera’s maximum of 6.5% APR cap on staking. The best part is that claiming your daily boost automatically claims your native staking rewards, giving Yamgo users the benefits of increasing daily rewards, all through the added security of their hardware wallet.”

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