MetaMask, a major player in the crypto-currency space, has just introduced a revolutionary feature for Ethereum staking. In partnership with Consensys Staking, MetaMask is now offering its users the chance to become Ethereum validators without the usual constraints. This major advance promises to transform the way people interact with the Ethereum network.
Metamask: A major innovation in the world of staking
MetaMask has always been at the forefront of innovation when it comes to crypto-currency wallets. With this new feature, MetaMask enables users with at least 32 Ethereum (ETH) – the equivalent of around $80,000 – to become validators on the Ethereum network. This process, previously complex and requiring specific hardware, is now simplified thanks to the collaboration with Consensys Staking.
Since Ethereum’s transition from a Proof of Work network to a Proof of Stake network in September 2022, network security has relied on these validators. Traditionally, staking providers have allowed funds from multiple users to be pooled together to reach the required threshold of 32 ETH, then sharing the rewards. However, MetaMask’s offering is distinguished by the absence of pooling and by the simplicity of its process.
Attractive benefits and returns for users
The staking service introduced by MetaMask promises an annual return of around 4%, after deduction of a 10% commission on the rewards obtained. It is important to note that this return may fluctuate due to the random nature of the selection of blocks by each validator.
In addition to this new service, MetaMask also offers bundled staking via popular providers such as Lido and RocketPool, although the advertised rewards are currently lower, at 3.53% and 3.14% respectively.
Conclusion
The introduction of this staking functionality marks an important step in the evolution of the Ethereum ecosystem. It offers investors a more accessible and simplified way to participate in the validation of the network, while benefiting from attractive returns. This innovation underlines MetaMask’s ongoing commitment to providing cutting-edge solutions to its user community.
