MetaMask crypto wallet will offer Ethereum staking

MetaMask, developed by ConsenSys, recently launched a new Ethereum staking service that allows users to stake any amount of ETH.

MetaMask recently introduced a new staking service on Ethereum , which allows users to stake any amount of ETH.

The service is not yet available for US and UK users due to some restrictions.

The crypto wallet is collaborating with Ethereum's staking engine for its new feature. Previously, the required entry point was at least 32 ETH to directly stake with Consensys validators. This limitation has been a barrier to many wanting to join the network.

The new service uses Ethereum's liquid stake protocol StakeWise, which is built on an open modular architecture. This allows users to stake any amount of ETH, making the platform accessible to a wider audience.. Mathieu Saint-Olive, Senior Product Manager at Consensys, statements ,

"With the new staking service, MetaMask users now have a simple and easy way to stake their ETH into enterprise-grade validators, while managing their ETH, earning rewards, and contributing to the security of the network."

MetaMask launched this service excluding US and UK users. This decision is due to the evolving regulatory environment in these regions. Consensys plans to expand the service to these markets once the territories are regulated.

Currently, MetaMask's staking service relies on more than 33,000 hosted validators for Ethereum. These validators operate in multi-cloud, regional and client environments with over 1 million ETH staked. Consensys reported that 99.9% of these validators are active, and none have been terminated or penalized.