Ledger Nano S is one of the most secured HW wallet out there. HW wallets keep your funds secure and never expose your private key, even while doing a transaction. The Nano S made by Ledger can store multiple cryptocurrency and let you use them securely along with acting as a 2FA device as well. It supports Komodo (KMD) coin. You can send and receive only though. The Nano S doesn’t support KMD interest. There is a bug in the wallet and Ledger company doesn’t want to fix this (may get fixed in the future). So, if you use your hardware Ledger Nano S to send your KMD, you will lose your interest.
Now, There is a way to claim the accrued KMD interest. I’ll explain how to claim in this article. Read along.
- 2 x Ledger Nano S
- You need to have nlocktime set for the funds you sent to your Ledger Nano S. (without nlocktime set, your funds will not be accruing interest)
[Note: You can also use only with 1 Ledger Nano S for this purpose. But, you have to leave your funds exposed(!) for longer. Not recommended.]
- Agama Wallet v30a or above installer from here https://artifacts.supernet.org/latest/
- BIP39 Tool – https://github.com/ca333/bip39
The steps to claim KMD interest from Ledger Nano S:
For this we are assuming the address we want to claim is in Ledger Nano S #1, to send is Ledger Nano S #2
- Get private key for the address Ledger Nano S #1 and Login using that in Agama Lite wallet (detailed steps below)
- Use the “Claim now” button to claim your interest
- Send the funds to the KMD address of Ledger Nano S #2
- Reset your Ledger Nano S #1 (detailed steps below)
How to get private key of an address of Ledger Nano S?
There are 2 ways to get this. You can either use the Agama wallet or BIP39 Tool to retrieve your KMD private key.
- Start Agama
- Go to Settings > BIP39 Keys
- Input your 24 words recovery phrase
- Enter the KMD address of Ledger Nano S that you want to get privatekey for (optionally you can leave it blank to display multiple addresses generated from the recovery phrase)
- Click “Get key”
- Copy the WIF (wallet import format) key
- Logout from Agama and login using the privatekey for the specific address
Using BIP39 Tool:
- Download the zip from GitHub (link above) & extract
- Open a terminal inside “bip39-master” folder and use command “python compile.py”
- Double click or run “bip39-standalone.html” (that will open your browser tab)
- Enter your 24 words recovery phrase into BIP39 Mnemonic box
- Select “KMD” from the Coin drop-down list
- Scroll down and under “Derived Addresses” you will find all your KMD addresses and their privatekeys
- Login to Agama Lite (SPV) using the privatekey for the specific address
How to reset Ledger Nano S?
Follow these steps to reset your device.
- Connect your Nano S (you can plug it on a computer on with any USB charging cable)
- Enter a wrong PIN code and validate by pressing both buttons, total 3 times
- Once your Nano S displays the message “Your device has been reset”, press both buttons until the “Welcome” message is displayed, or disconnect and reconnect your device
- Now, setup your Ledger Nano S as a new device.
How to secure and access my Komodo / SuperNET assets?
It is recommended to have an extra Ledger Nano S to keep all your Komodo / SuperNET assets secure and get revenues. Ledger app can’t handle Komodo assetchains and will show you noting. You can send all assets to your Ledger’s KMD address. When you will get revshare for your assets in KMD, you can simply transfer the KMD to your other Nano S where you can claim interest.
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If you feel like donating KMD or assets