Bittime - The Pooled Staking service launched by MetaMask allows users to lock Ethereum on the Beacon chain directly from their wallets without using an outside platform. Due to regulations, not available in the UK and USA.
MetaMask Launches Pooled Staking Service
Consensys, the parent company of custodial solutions provider MetaMask, has just launched a pooled staking service. This service allows users to lock Ethereum in Beacon chains operating directly from their wallets without using various liquid staking platforms.
StakeWise, one of the most well-known staking protocols in the Ethereum ecosystem, is a provider that is intended as a partner to host new deposits and withdrawals. In the coming days, this service will become available. However, users living in the UK and the United States will not be able to use it due to regulatory constraints in both countries.
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MetaMask Launches Liquid Ethereum Staking within Its Own Wallet
MetaMask, a well-known non-custodial software wallet provider, has just announced the launch of its “Pooled Staking” service. This service will allow its customers to utilize Ethereum liquid staking directly in their wallet extensions without using external applications.
In fact, there is already a way to stake ETH on MetaMask. However, this only relates to staking, which can be done by those with at least 32 ETH, or $113,000, specifically designated for validators managed by Consensys.
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Pooled Staking Makes Participants Rely On StakeWise Liquid Staking
With “Pooled Staking”, participants rely indirectly on the liquid staking protocol StakeWise, which has a modular on-chain architecture and has a market share of 0.74%, or 343 million dollars, in the LSD market. Overall, the Ethereum ecosystem has a total value of 13.15 million ETH or 46.2 billion dollars according to DefiLlama.
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Conclusion
MetaMask, a well-known non-custodial software wallet, has launched its Pooled Staking service. This service allows users to lock Ethereum on the Beacon chain directly from their wallets without using an external liquid locking platform. Although the service will be available soon, users in the UK and the United States cannot use it due to regulatory constraints due to its partnership with StakeWise, a well-known staking protocol in the Ethereum ecosystem. Participants using Pooled Staking will have to rely on the liquid staking protocol StakeWise, which has a market share of 0.74% in the LSD market, with an Ethereum ecosystem value of 46.2 billion dollars.
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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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