MetaMask Introduces Ethereum Pooled Staking to Enable Easier Access to Staking Rewards
MetaMask, one of the leading cryptocurrency wallets, has launched a new feature called Pooled Staking, designed to lower the barriers to Ethereum staking. This service enables users in select regions to stake any amount of ETH, earn rewards, and contribute to the security of the Ethereum network. Traditionally, staking required a minimum of 32 ETH, but MetaMask’s new feature eliminates this requirement, making staking more accessible. Users can stake through MetaMask Portfolio, track their rewards, and opt to unstake at any time. The system is powered by Consensys Staking and utilizes StakeWise’s architecture, imposing a 15% fee on rewards earned. However, the Pooled Staking feature is currently unavailable in the U.S. and the UK. MetaMask also does not offer liquid staking tokens. Future plans include expanding the service to more regions.
Bullish
The introduction of MetaMask’s Pooled Staking feature is likely to have a bullish impact on the market. By lowering the barrier to entry for Ethereum staking, it can attract more users to participate in staking, thereby increasing user engagement and securing the Ethereum network. The increased activity and participation can enhance market confidence and potentially drive up the value of ETH. Although the service is currently limited in its regional availability with no liquid staking tokens offered, its future expansion plans could further bolster this positive impact.