Consensys, the developer firm behind the popular self-custodial wallet MetaMask, has launched pool staking for Ethereum, making it easier for users to stake ETH and earn rewards for contributing to the security of the blockchain. This innovative service allows users to stake any amount of ETH, regardless of the minimum required by the Ethereum protocol, and earn rewards for their contributions.

A New Era of Staking

MetaMask Pooled Staking is designed to make staking accessible to a wider range of users, including those who may not have the minimum required 32 ETH. This is particularly significant, as 99% of ETH holders have less than 32 ETH, making it difficult for them to participate in staking. The service also allows users to unstake their ETH at any time, providing greater flexibility and control over their assets.

Key Features

The new service offers several key features, including:

1. No Minimum for Staking: Users can stake any amount of ETH, regardless of the minimum required by the Ethereum protocol.

2. Earning Rewards: Users can earn staking rewards for contributing to the security of the blockchain.

3. Flexible Unstaking: Users can unstake their ETH at any time, providing greater flexibility and control over their assets.

4. Easy Tracking: Users can monitor their balances and rewards within MetaMask Portfolio.

Powering the Service

MetaMask Pooled Staking utilizes the open modular architecture of StakeWise, a liquid staking protocol on Ethereum, to power some of its smart contracts. This allows for greater flexibility and scalability in the service.

Availability

The service is currently available to a portion of eligible users and will continue to roll out in the coming days. It will be available to all eligible users by the end of the week. However, it will not be available to users in the US or UK at launch, due to regulatory restrictions. The team aims to bring the service to these regions as soon as possible.

Conclusion

MetaMask Pooled Staking is a significant step forward in making staking accessible to a wider range of users, contributing to Ethereum's decentralization and security. With its flexible and user-friendly interface, it is poised to revolutionize the way users interact with the Ethereum blockchain.