Ledger – the global leader in Web3 security with more than 5 million hardware wallets sold – has partnered with Figment – one of the world’s leading providers of blockchain infrastructure – to bring a seamless way to secure Proof-of-Stake assets and generate Protocol Staking rewards on dedicated “Ledger by Figment” nodes.
In this article, we take a more detailed look at the difference between protocol staking and two types of common investment products - lending and liquidity provisioning, and explain why protocol staking rewards are not “yield” or “interest” and the significant implications this has for risk management.
Crypto holders have an array of strategies they can utilize to generate rewards, ranging from the traditional (e.g., lending - liquidity provisioning - staking) to the crypto native (e.g., DOT parachain auctions).
Maximal Extractable Value, or MEV, is an often misunderstood term in Web3, but is also highly important. We hope that our policy on MEV can shed some light on the core benefits of MEV and how our principles affect how Figment engages in MEV.