[NEWS] MetaMask launches Ethereum pool staking, available for small amounts

Consensys, the developer of the Web 3.0 wallet MetaMask, announced on the 12th that it has launched pool staking for Ethereum (ETH).

This allows users to stake any amount of Ethereum with MetaMask and receive rewards. Previously, users were required to hold at least 32 ETH to receive staking rewards as a validator, but this service now allows users to participate in Ethereum staking at a lower cost.

To stake, first connect MetaMask to your MetaMask portfolio. Next, go to the "Stake" tab and select "MetaMask Pool." Then enter the amount of Ethereum you want to stake, check the expected rewards, and confirm your stake. Finally, sign the transaction in your wallet to complete the process.

On the other hand, to unstake and receive rewards, go to your holdings in the "Stake" tab. Next, select Unstake in the menu and enter the amount of Ethereum you want to unstake. Just like staking. Finally, confirm and sign the transaction in your wallet.

Please note that it may take a few days for your unstaking request to be created and processed according to the Ethereum protocol. Once available, check your portfolio status, then click the green "Ready to claim" button. Finally, you need to review and sign the transaction.

MetaMask's pool staking service is being rolled out in stages and is available from the 12th.

"With pool staking, MetaMask users now have an easy way to stake their Ethereum with enterprise-grade validators, earn rewards, and secure their Ethereum while maintaining full control over it," said Matthieu Saint Olive, senior product manager at ConsenSys, in a statement.

Reference: Announcement
Image: Shutterstock

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