Nikolas Sargeant
Crypto wallet firm MetaMask has launched a staking service, enabling users to pool their funds and stake through Consensys-operated enterprise-grade validators.
With this service, MetaMask users can stake Ether (ETH) without needing the 32 ETH minimum requirement, which is about $112,000 at the time of writing.
Using MetaMask’s staking pool, users can contribute less than the required ETH and still receive staking rewards for securing the network.
99% of ETH Holders Do Not Have 32 ETH
While staking offers significant benefits, not everyone can meet the 32 ETH minimum requirement. With ETH priced around $3,500, staking requires about $112,000.
MetaMask highlighted that 99% of ETH holders have less than 32 ETH. Additionally, 74% of ETH is not staked, with much of the staked ETH in a few large pools.
MetaMask’s new service aims to bridge the gap, allowing users with less than 32 ETH to participate in staking through Consensys validators. Assets can be unstaked at any time, depending on validators’ exit protocols.
Currently, the service is unavailable in the U.S. and U.K. MetaMask is working to make it accessible in these regions soon.Saint Olive stated that the U.S. regulatory landscape is evolving regarding Ethereum staking policy, and the product will roll out once policies are clearer.
