Staking Ethereum has never been easier than using MetaMask, which lets you stake any amount of ETH. The logo for Pooled Staking on MetaMask is golden.
The Pooled Staking feature, introduced today by MetaMask, allows users to stake any quantity of Ether (ETH) and get rewards directly from the wallet. A recent statement states that individuals with 32 ETH or more are now able to engage in the larger Ethereum’s security thanks to this new functionality from Consensys.
According to Consensys’s Senior Product Manager Matthieu Saint Olive, “Staking Ethereum using Pooled Staking is a breeze for MetaMask users. Users may receive incentives and contribute to Ethereum’s security, all while keeping complete control of their ETH.” “We’re thrilled to announce that many more MetaMask users will soon have access to our staking solution.”
The new approach from MetaMask attempts to democratize access to staking rewards, as the majority of ETH holders possess less than this amount. In addition, there are ambitions to extend to the US and UK markets when the service is initially provided to chosen people.
Consensys Staking, the foundation of MetaMask Pooled Staking, is a multi-cloud, multi-region, and multi-client infrastructure that hosts over 33,000 Ethereum validators. It has staked over 1 million ETH, had zero slashed validators, and a validator participation rate of 99.9%+.
According to Nansen, an on-chain data platform, 27% of the entire quantity of Ethereum tokens—roughly 33 million ETH—is locked in a smart contract, making ETH staking an important component of the Ethereum ecosystem. With the liquid restaking story gaining steam, it became even more crucial, as it holds more than 34% of the value in decentralized finance (DeFi).
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