you're talking about a risk, could you elaborate? Whats the downside to staking coins? I mean I'm using a nano ledger device, there shouldnt be any risk in doing this, or? I do realize that it takes some time to unbound staked coins but I'm planing to hodl for at least a year or so, so there shouldnt be any risks, right?
The risk is there's no guarantee you will get profit via staking and if there's a problem or hacked about the network of those coins you staked, ledger live doesn't care with that. Although you're still own your private key, but the risk is from the project, not from the ledger side. So make sure you're understand there's possibility you will lose your tokens when the hacker can find the vulnerability from the network.5.3.5 No guarantee of Rewards. LEDGER DOES NOT GUARANTEE THAT YOU WILL RECEIVE STAKING REWARDS OR ANY STAKING REWARD RATES. SUCCESSFUL TRANSFER OF THE REWARDS IS SUBJECT TO THE PROOF-OF-STAKE NETWORKS AND IS NOT UNDER LEDGER’S CONTROL.
5.3.6 Disclaimer. Staking is provided “as is”. Ledger is not responsible in any way for any failure by any supported Proof-Of-Stake (POS) network to transfer rewards (including any risks of “slashing”) or for the loss, destruction, or transfer of rewards to the incorrect wallet address. Ledger does not guarantee uninterrupted or error-free operation of the staking services or that it will correct all defects or prevent third-party disruptions or unauthorized third party access.
5.3.6 Disclaimer. Staking is provided “as is”. Ledger is not responsible in any way for any failure by any supported Proof-Of-Stake (POS) network to transfer rewards (including any risks of “slashing”) or for the loss, destruction, or transfer of rewards to the incorrect wallet address. Ledger does not guarantee uninterrupted or error-free operation of the staking services or that it will correct all defects or prevent third-party disruptions or unauthorized third party access.
