MetaMask launches Pooled Staking to Reward Users for Protecting Ethereum

MetaMask launches Pooled Staking to Reward Users for Protecting Ethereum
Consensys, the creator of MetaMask, has announced the introduction of "pooled staking," an easy way to stake Ethereum on the most popular Web3 platform in the world and get paid in ETH for strengthening Ethereum's security.

In a statement, Consensys said that MetaMask Pooled Staking is a brand-new, approachable staking solution that aims to improve Ethereum security and decentralization while also making staking more widely available.

Prior to the introduction of pooled staking, users could only invest in validators run by Consensys if they possessed 32 ETH, or roughly $113,000, the minimum amount mandated by the Ethereum protocol. Through MetaMask Portfolio, users of the new service can earn staking rewards on as little or as much ETH as they desire.

According to blockchain data, 99 percent of ETH holders own less than 32 ETH. Users that contribute to network security can earn rewards for staking any amount of ETH with the aid of MetaMask's new solution.

Matthieu Saint Olive, Senior Product Manager at Consensys, stated, "We are thrilled to offer our staking solution to a larger number of MetaMask users."

"With pooled staking, users of MetaMask can now easily stake Ethereum in enterprise-grade validators, keeping complete control over their ETH, earning rewards, and making Ethereum more secure."

Staking any amount of ETH as desired, unstaking ETH at any time, receiving rewards for staking ETH, and monitoring rewards and balances within the MetaMask Portfolio are some of the primary features of pooled staking, the statement added.

Pooled staking by MetaMask is currently available to a portion of eligible users, which the company plans to extend to more users in the coming days. The team intends to bring it to market in the US and UK as well, but the initial launch will not be available in these countries.

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