Well-known crypto hardware wallet Ledger reportedly disclosed details of a freshly formed alliance with Ethereum 2.0 staking solution Lido Finance, to enable accessibility and liquidity at an enhanced level to stakers. 

Specifically, staking is reportedly perceived as a niche measure for making investments across the crypto sphere, which grants users the ability to stake their virtual assets in an independent or collective manner, earning passive income in return, together with making contributions to the sustainability of the blockchain ecosystem.

Previously, users looking to carry out Ether (ETH) staking have reportedly been forced to deal with unnerving economic challenges. The required cost to take up the role of an Eth2 network validator is nearly $100,000 – a number that is not widely met by the general investors of the market. 

Users are reportedly to tap into centralized ETH staking options across different exchanges, nominally Coinbase or Kraken, but they usually come with a heavy entry fee, along with trust issues, which is not wholly suitable for investors, looking to keep the core sector value of free asset autonomy. 

Throughout the past months, the Ledger interface has reportedly offered users the choice for decentralized staking, via the form of consensus mechanisms, such as Polkadot or Tezos, but the primary demand across the market falls on the smart-contract heavyweight Ethereum. 

Via removing the high entry fee for beginning staking ETH out of the equation, the established alliance has reportedly made a pioneering move, giving users the freedom to stake a nominal amount of ETH, rather than the 32 ETH in the mandatory requirements.

With Ethereum turning to a new chapter following the roll out of Eth2, staking and indeed lending will reportedly be able to reel in an increased amount of audience participation, as well as providing profit-making opportunities for regular cryptocurrency participants.