Crypto Wallet Protocol, Metamask, has announced that it will launch the Metamask Staking Beta with Lido ($LDO) and Rocketpool ($RPL).
MetaMask Staking, will unlock the ability for users to stake Ether (ETH) through the Lido and Rocket Pool protocols, touting the service to improve the security and decentralization of the Ethereum blockchain.
Metamask was generating close to $1 million in tx fees a day in the bull market, now with activation of Staking Protocol its revenue stream will increase exponentially due to the rising need for staking incentives from Crypto degenerates.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
In this post-Merge world, there is a growing demand for simple staking services that ultimately secure Ethereum. Whether you’re a seasoned stalker or a sideline watcher, Metamask Staking offers an intuitive way to jump in and Stake your $ETH for rewards.
Users will be able to compare reward rates, network control and popularity of different liquid staking providers, providing additional information to inform staking solution choices. The service begins with a public beta through the MetaMask portfolio decentralized application (DApp).
Users will be able to stake through Lido and Rocket Pool and view Lido (stETH) and Rocket Pool (rETH) staking token balances. These tokens can also be swapped back to ETH through MetaMask Swaps.
Liquid staking is a method of staking assets on the Ethereum blockchain that allows users to earn rewards while maintaining the ability to freely transfer and trade their assets. The assets are deposited in a smart contract, earning rewards based on the total amount staked by all users.
