MetaMask Launches Pooled Staking for ETH
Ethereum developer firm Consensys has launched pool staking for its popular self-custodial wallet MetaMask.
According to the press release, MetaMask Pooled Staking makes it easy to stake ETH while earning ETH rewards for contributing to the security of the blockchain.
As is known, the minimum required by the Ethereum protocol for staking is 32 ETH. For validators operated by Consensys, this was also the minimum amount up until now.
However, Consensys has now enabled MetaMask users to stake any amount of ETH they would like through MetaMask Portfolio.
This also enables all of them to earn staking rewards.
The team stated that the new service’s key features include:
Additionally, to power some of its smart contracts, MetaMask Pooled Staking utilizes the open modular architecture of StakeWise, a liquid staking protocol on Ethereum.
MetaMask Pooled Staking is not available for all users upon launch.
It is offered to “a portion of eligible users right away” and will continue “to roll out in the coming days.”
Asked for details, an official Consensys Spokesperson told Cryptonews that “it begins rolling out to a portion of these users” upon the announcement and “should roll out to 100% of eligible users by the end of the week.”
As for who is not eligible, the initial launch will not be available within the US or UK.
Therefore, the spokesperson further clarified that,
“At launch, the service will be available to any MetaMask Portfolio users not in the US or UK.”
However, the team aims to bring the service to these regions as well.
The spokesperson explained that the regulatory landscape in the US is “still experiencing meaningful evolution, particularly in relation to Ethereum staking policy.”
While they did not provide a time frame, the team
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