MetaMask Wallet Introduces Ethereum Pooled Staking Service
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 13 2024- MetaMask Pooled Staking Launch: Consensys, the developer of MetaMask, has introduced pooled staking for its web3 wallet, allowing users to stake any amount of ether to support Ethereum network security and earn validator rewards.
- Previous Staking Requirements: Prior to this launch, only users with a minimum of 32 ETH could stake natively in validators operated by the firm.
- Process and Availability: MetaMask users can unstake their ether at any time, but they may face waiting times based on the current Ethereum validator exit queue. The pooled staking service is being rolled out gradually to eligible users.
- Features and Benefits: The new service enables users to stake ETH in enterprise-grade validators while retaining control over their assets, earning rewards, and enhancing Ethereum's security.
- Future Plans and Expansion: Initially not available to U.S. or UK users due to regulatory uncertainty, Consensys intends to extend pooled staking to these markets eventually.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
