StakePoint

Solana DeFi Glossary

Definitions of key terms used in Solana DeFi, token locking, LP locking, and staking. Published by the StakePoint team.

Glossary/Ledger Hardware Wallet

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.

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.