StakeKit launches TRON Stake 2.0 on Ledger Live

New York, New York – July 30, 2024 – Stake KitTRON Staking, which has just emerged from underground after 18 months of development, has partnered with Ledger Live to power its TRON staking integration. This integration provides users with the simplest access points to manage their TRON staking allocations natively within Ledger Live. Ledger Live users can stake on-chain via TRON in three simple taps and unstake their assets through the same streamlined flow.

The StakeKit integration fully supports TRON Stake 2.0, TRON’s latest validator staking model, launched on the mainnet in April 2023. This model allows users to receive additional benefits from validator staking, as well as the ability to unstake partial amounts and unstake their tokens at any time, providing unprecedented flexibility and control. Since users are no longer able to stake via the TRON Stake 1.0 model, it is recommended that they unstake their TRON Stake 1.0 tokens and re-delegate their stakes to the TRON 2.0 model. This transition can be easily completed directly within Ledger Live.

Serafin Lion Engel, CEO of StakeKit, commented:

“We are very excited to finally be able to bring TRON Stake 2.0 to Ledger Live and allow users to stake their TRON in the easiest and most secure way possible. We know this was a long-awaited feature for members of the TRON ecosystem and we are very proud to have worked with the Ledger team to bring this integration to TRON users and community members.”

“We recognize that a significant portion of the TRON community is still using TRON Stake 1.0. Therefore, we have also created support for TRON users to stop staking in TRON 1.0 and quickly take advantage of the benefits of TRON Stake 2.0,” Engel added.

TRON Stake 2.0 is available on Ledger Live as of the time of this article’s publication. To learn more about Ledger Live and to download the Ledger Live app, please visit their website.

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About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.

Founded in September 2017 by His Excellency Justin Sun, the TRON network has continued to deliver impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of the BitTorrent ecosystem, a pioneer in decentralized Web3 services that boasts over 100 million monthly active users. The TRON network has gained incredible traction over the past few years. As of July 2024, it has over 244 million total user accounts on the blockchain, over 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN.

Additionally, TRON hosts the largest circulating supply of the stablecoin USD Tether (USDT) worldwide, surpassing USDT on ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. In addition to the government’s backing to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens (TRX, BTT, nft, JST, USDD, USDT, TUSD) have been granted legal status as a licensed digital currency and medium of exchange in the country.

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