MetaMask's groundbreaking Validator Staking service transforms Ethereum staking. With just 32 ETH, become a validator node operator effortlessly.
Backed by ConsenSys' expertise and offering full control over your staked ETH and rewards, this service simplifies earning in the crypto world. Dive in to find out how you can start staking today with MetaMask Portfolio.
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Launch of Validator Staking by MetaMask
On January 19, 2024, the cryptocurrency wallet MetaMask announced the launch of a new service, "Validator Staking," enabling Ethereum (ETH) holders to easily operate their own validator nodes.
This service has been added to the MetaMask Portfolio, a portfolio management tool packed with various features such as cryptocurrency trading, exchange, and staking. By depositing 32 ETH, users can have MetaMask operate a validator node on their behalf.
Validators play a crucial role in the blockchain, verifying the correctness of transaction data. By fulfilling this role, they earn staking rewards.
To become a validator in Ethereum (ETH), you need to prepare "32 ETH" at the time of writing and hardware to operate the node, but Metamask's new service allows you to easily operate a validator node and earn rewards by simply depositing 32 ETH However, Metamask's new service allows users to easily operate validator nodes and earn rewards by depositing 32 ETH.
A Trusted Support for MetaMask's Validator Staking
The validator staking service launched by MetaMask is supported by ConsenSys, a software development company specializing in Ethereum.
According to MetaMask's official announcement, ConsenSys has a notable track record, having staked over 20 billion dollars worth of ETH across more than 33,000 validators for over three years without ever incurring a slashing penalty.
Using this service, users can start validator staking by merely staking multiples of 32 ETH, without worrying about hardware preparation, ongoing maintenance, or software upgrades.
The staked ETH and rewards are fully controllable by the user. However, it's important to note that a 10% fee is charged on the earned staking rewards when using this service.
How to Use MetaMask's Validator Staking
The process for using the newly introduced "Validator Staking" on MetaMask Portfolio is as follows:
- Connect your MetaMask wallet to "portfolio.metamask.io."
- Select the "Stake" tab and navigate to "Validator Staking" at the top of the page.
- Choose the address of the account you want to use for depositing your stake.
- Input the amount of ETH to stake using the slider (only multiples of 32 are selectable).
- Review the staking overview, reward rate, and activation time (MetaMask charges a 10% fee on the earned rewards).
- After confirmation, select "Confirm" and sign the transaction with your wallet.
For more detailed information on validator staking, you can visit "this page."
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