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MetaMask, known for its popular cryptocurrency wallet, has launched a staking service called “Navigate Validator Saking” through the MetaMask portfolio dApp. The service, which became available on January 18, allows users to operate a validator node by staking 32 ETH. This effort is in line with Ethereum’s transition to a proof-of-stake (PoS) model, which was solidified with “The Merge” in September 2022.
This staking service promises users an estimated annual yield of around 4% after deducting the 10% fee paid to MetaMask. This service is made possible through a partnership with Consensys Staining, renowned for its operational integrity, evidenced by a record of zero slashes across his 33,000+ Ethereum nodes overseen by the company.
The collaboration between MetaMask and Consensys Saking offers several benefits to users.
- Users have full control over their staked ETH in a self-custodial setting.
- The service eliminates the need for upfront hardware costs, which can be a barrier for individual users who want to run their own Ethereum nodes.
While the introduction of such a staking service by MetaMask improves accessibility and ease of use for users, it has also sparked a debate within the crypto community about the potential for centralization. Some members have expressed concern that entities like ConsenSys Staking and Lido, which control a significant portion of Ethereum validator nodes, could impact the decentralized nature of blockchain governance. are doing. Despite these arguments, the trend towards staking platforms as a service is expected to grow as it lowers the barrier for users to contribute to the security of the Ethereum network.
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