MetaMask, the popular self-custodial wallet developed by Consensys, has introduced pooled staking for Ethereum (ETH). The new feature, called MetaMask Pooled Staking, allows users to stake any amount of ETH they desire through MetaMask Portfolio, without the previous minimum requirement of 32 ETH. By staking ETH, users can earn rewards while contributing to the security of the blockchain. Key features of the service include no minimum requirement for staking, the ability to easily unstake ETH at any time, and the ability to track balances and rewards within the MetaMask Portfolio. MetaMask Pooled Staking utilizes the open modular architecture of StakeWise, a liquid staking protocol on Ethereum, to power its smart contracts. However, the service is currently not available to users in the US or the UK due to regulatory considerations. The team at Consensys plans to expand the service to these regions as regulations evolve. The press release also highlighted that a large majority of ETH holders have less than 32 ETH and that a significant portion of ETH is not currently staked. MetaMask Pooled Staking aims to address these issues by making staking more accessible to a wider range of users, contributing to the decentralization and security of the Ethereum network.
