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 Launches Pooled Staking Service, But Not Available in US or UK Due to Regulatory Pressure

MetaMask Launches Pooled Staking Service, But Not Available in US or UK Due to Regulatory Pressure

CointimeCointime2024/06/11 10:07
By:Cointime

MetaMask, a popular Ethereum wallet and browser extension, has launched a new pooled staking service that allows users to earn rewards for contributing to the network's security by staking any amount of ETH. However, the service will not be available in the United States or United Kingdom due to regulatory pressure and lack of clarity. MetaMask will now compete with established players like Lido and Coinbase, who together account for almost 45% of the 33 million ETH staked on the network, but its extensive liquidity and integration with numerous dApps make it a strong contender.  Lido, the leading liquid staking platform, has staked almost 45% of the 33 million ETH on the network, worth $116 billion, and offers an APY of around 3.8% for staking ETH and receiving stETH tokens that can be used in DeFi applications. With its extensive liquidity and integration with various dApps, Lido is a formidable competitor. Despite reducing its staking service availability, Coinbase remains the second-largest pooled staking provider, with a 15% share, three times larger than its closest competitors.

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!