Metamask Launches Validator Staking Services for Ethereum
Ethereum wallet Metamask has introduced its validator staking services, allowing users to stake their ETH directly from the Metamask Portfolio interface. This feature simplifies the staking process by eliminating the need for hardware equipment and enables users to maintain custody of their staked cryptocurrency.
Consensys Staking Backend
The service backend for Metamask’s validator staking is managed by Consensys Staking, a company that handles over 4% of the total ETH staked. With more than 33,000 validators and 99.99% uptime, Consensys has not experienced any penalties or “dishonest behaviors” from the Ethereum network.
Simplified Ethereum Staking
Metamask emphasizes the advantages of using its validator staking feature. It simplifies the process of securing the network and democratizes participation in Ethereum staking. Users can easily monitor their deposit and rewards, and the wallet offers one of the highest rewards percentages in the network, over 7% on average.
Continued Wallet Enhancements
Metamask has been gradually adding new features to its wallet. In January 2022, it introduced the option to stake ETH through liquid staking services like Lido or Rocket Pool. In September, the wallet enabled users from selected regions to sell their cryptos and cash out to USD, GBP, and EUR directly from the interface.
Hot Take: Metamask Facilitates Ethereum Staking for Users
Metamask’s new validator staking services provide a convenient solution for Ethereum users looking to stake their ETH. With simplified processes, high rewards, and the ability to maintain custody of tokens, Metamask is empowering individuals to actively participate in Ethereum staking without technical barriers or hardware concerns.
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