• MetaMask – the Ethereum infrastructure provider – has launched a public beta allowing users to stake ETH directly from their wallet.
• Users can choose to stake ETH with either Lido or Rocket Pool, and receive liquid staked ETH in return.
• MetaMask’s staking beta is expected to further increase the usage of the Ethereum network.
MetaMask, the popular Ethereum infrastructure provider, has recently launched a public beta allowing users to stake their ETH directly from their wallet. This is a major development for the Ethereum network, as it is expected to encourage increased usage of the network and its associated applications.
The beta allows users to easily stake their ETH with either Lido or Rocket Pool. By confirming the amount of ETH they’d like to allocate for staking with a signed transaction on MetaMask, users will receive their liquid staking tokens directly from the staking provider. This makes the process of staking ETH much more convenient and accessible to users.
In addition to the convenience of staking ETH directly from MetaMask, users can also earn yield from staking ETH. This yield can be received in the form of various rewards, such as ETH, DAI, or other tokens. This reward system is expected to further encourage users to stake ETH on the Ethereum network.
The launch of MetaMask’s staking beta is a major step forward for the Ethereum network. It is expected to further increase the usage of the Ethereum network and its associated applications, as well as provide users with an easy and convenient way to earn yield from their ETH. This development is a significant milestone for the Ethereum network and will likely have a positive impact on the network’s growth and usage.