Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
MetaMask introduces Ethereum validator staking feature, powered by Consensys

MetaMask introduces Ethereum validator staking feature, powered by Consensys

The BlockThe Block2024/01/21 18:41
By:The Block

Quick Take MetaMask has introduced a feature to run Ethereum validator nodes on behalf of users with at least 32 eth to spare, powered by Consensys Staking. The service currently advertises an annual yield of about 4%, after taking a 10% fee from earned rewards.

MetaMask introduces Ethereum validator staking feature, powered by Consensys image 0

MetaMask, the popular crypto wallet application, has partnered with Consensys Staking to run Ethereum validator nodes on behalf of users willing to stake at least 32 eth, a current value of about $80,000.

Following its transition from a proof-of-work network to a proof-of-stake network in the September 2022 known as ‘The Merge,’ Ethereum’s network is now secured by such validators. Many staking providers allow users to pool smaller amounts of funds together to hit the 32 eth requirement to run one validator, splitting the rewards. 

MetaMask’s new staking offering, however, promises no pooling and no hardware or software requirements. Rather, the 32 eth stake is used to run a validator node through the Consensys Staking service, which already operates validators totaling about 4% of all staked eth . 

MetaMask currently promises about 4% annual yield on the rewards, before taking a 10% fee , though the company notes that this yield may increase or decrease due to the inherently random chance of any given validator’s block being selected to add to the network. 

MetaMask also offers pooled staking through popular providers Lido and RocketPool, though the advertised rewards are currently lower at 3.53% and 3.14%, respectively. 


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!