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<a href="https://bitcoinworld.co.in/goodnews-ethereum-eth-users-can-now-stake-an-entire-validator-directly-from-metamask/" title="Goodnews! Ethereum (ETH) Users Can Now Stake An Entire Validator Directly From MetaMask" rel="nofollow"></a>
Crypto wallet provider MetaMask has rolled out a new staking service that enables Ethereum users to run their very own validator node directly from MetaMask but for a price. 
On Jan. 18, the crypto wallet provider introduced validator staking through MetaMask Portfolio. MetaMask will run the validator node on behalf of stakers who deposit 32 Ethereum (ETH).&nbsp; 
At current Ethereum prices, this equates to roughly $78,752 — not a small sum. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ethereum-layer-2-scaling-network-blast-announces-airdrop/" aria-label="“Ethereum Layer-2 Scaling Network Blast Announces Airdrop” (Edit)">Ethereum Layer-2 Scaling Network Blast Announces Airdrop</a> 
There is no pooling or hardware required, it noted, stating, “We run your node securely, streamlining your staking rewards while reducing risks of slashing and downtime.” 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Introducing Validator Staking on MetaMask Portfolio.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98a.png" alt="🦊" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 With a 32 ETH deposit, we run your very own validator node where you're always in control. 
 No pooling. No hardware. Just rewards.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/rmCtgs86WO">https://t.co/rmCtgs86WO</a> <a href="https://t.co/R8VRttP2XX">pic.twitter.com/R8VRttP2XX</a> 
 — MetaMask <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98a.png" alt="🦊" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1faf0.png" alt="🫰" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MetaMask) <a href="https://twitter.com/MetaMask/status/1747999337068531882?ref_src=twsrc%5Etfw">January 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The new service could be tempting for beginners and/or decentralists, as staking via MetaMask could resolve centralization concerns from large liquid staking providers such as Lido.&nbsp; 
It also negates the necessity to purchase hardware to run a personal Ethereum node and eliminates the prospect of getting slashed due to internet outages. 
Consensys, which manages the service, “has never received any slashing penalties in more than two years of operation, despite managing over $2 billion worth of ETH across more than 33,000 validators,” it stated. 
Staking via MetaMask currently yields 3.8% per year, however, the platform also takes a 10% commission of the validator rewards. 
Crypto portfolio tracker Rotkiapp Founder Lefteris Karapetsas said the new service is an “Interesting idea but a 10% fee makes it a completely unattractive option for any user who bothers to compare with the other available options out there.” 
The yields from staking with MetaMask minus its fees are similar to what Lido offers at 3.4%. 
Lido is the industry’s dominant liquid staking platform, with 9.3 million ETH worth $22.9 billion staked currently.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ethereum-layer-2-network-public-goods-network-pgn-is-closing-down/" aria-label="“Ethereum Layer 2 Network Public Goods Network (PGN) Is Closing Down” (Edit)">Ethereum Layer 2 Network Public Goods Network (PGN) Is Closing Down</a> 
This equates to around 40% of the total 28.8 million ETH staked, according to <a href="https://ultrasound.money/">Ultrasound.Money</a>.&nbsp; 
Around a quarter of Ethereum’s total circulating supply is locked in staking. 
Other than decentralized staking providers, Ethereum holders can also use centralized exchanges such as Coinbase, which takes a whopping 25% cut of staking rewards. 
The post <a href="https://bitcoinworld.co.in/goodnews-ethereum-eth-users-can-now-stake-an-entire-validator-directly-from-metamask/">Goodnews! Ethereum (ETH) Users Can Now Stake An Entire Validator Directly From MetaMask</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Goodnews! Ethereum (ETH) Users Can Now Stake An Entire Validator Directly From MetaMask

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