StakePoint
Solana DeFi Glossary
Definitions of key terms used in Solana DeFi, token locking, LP locking, and staking. Published by the StakePoint team.
Ledger Hardware Wallet
A physical device that stores cryptocurrency private keys offline for maximum security.
Definition
Ledger is a hardware wallet manufacturer that produces physical devices for storing cryptocurrency private keys offline. Private keys stored on a Ledger device never leave the device — all transaction signing happens inside the secure element chip.
By keeping keys offline, hardware wallets protect against online threats such as malware, phishing, and remote attacks. Even if a computer connected to a Ledger is compromised, the private keys cannot be extracted.
Ledger devices support Solana and SPL tokens. They can be used with Phantom and Solflare wallets as a security layer, and are recommended for high-value wallets and multisig signers.
StakePoint & Ledger Hardware Wallet
The StakePoint multisig upgrade authority uses hardware wallet signers for maximum security. StakePoint is fully compatible with Ledger hardware wallets connected through Phantom or Solflare.
Related Pages
Frequently Asked Questions
What is a Ledger hardware wallet?
Ledger is a hardware wallet that stores private keys offline on a secure physical device, protecting them from online threats.
Can I use Ledger with StakePoint?
Yes. StakePoint supports Ledger hardware wallets connected through Phantom or Solflare.
Related Terms
Solana Wallet
A software application that stores Solana private keys and signs on-chain transactions.
Phantom Wallet
The most popular Solana browser extension and mobile wallet.
Squads Multisig
A Solana multi-signature wallet protocol requiring multiple approvals for transactions.
Seed Phrase
A 12 or 24 word backup phrase that gives full access to a cryptocurrency wallet.
Non-Custodial
A design where a platform never holds or controls user funds.