Metamask starts Ethereum Staking Services via Lido and Rocketpool - Defi

On Friday, the Web3 Wallet company Metamask, a subsidiary of the Ethereum-Center Consenys, announced that the beta start of the Ethereum staking functions via the Lido or Rocketpool will be available. Users who want to earn Ethereum Staken and Staking rewards can select one of the staking providers within the user interface of the Metamask Web3 letter pocket.

The latest update of Consensys's own metamask enables users to stake Ethereum with Lido and RocketPool

The Web3 Wallet provider Metamask that the company has added Ethereum ( eth ) staking services for the tools of the wallet. "We are very pleased to be able to tell you that you can now stake ETH with lido or rocket pool about the portfolio DAPP, said Metamask on Friday. "Metamask Staking enables you to interact directly with the lido and rocket pool protocols- no sketchy third-party providers who do your staking for you," said the company added on Twitter.

Essentially, the two providers of Liquid Staking, Lido and Rocketpool, two versions of Ethereum packaged with "Rebasing" and "Repricing" ( ETH ) known as Steth and Reth. "Users either choose to keep this Steth/Reth-token if they want to withdraw their use, or use it as a security in [Decentralized Finance] or even exchange it for another token (back to ETH or another ERC20) ", Metamask details in a blog entry published on the same day. The blog post of the Web3 Wallet company adds:

In this post-mergel world there is a growing demand for simple staking services that Ethereum will ultimately secure. Regardless of whether you are an experienced jack or a spectator on the sidelines, Metamask Staking offers an intuitive way to get in and make your missions [Ethereum] for rewards.

according to defillama.com statistics , on January 13th there is a blocked total value (TVL) of $ 42.8 billion in the decentralized financing (defi). The Liquid Staking provider Lido is the most dominant protocol in relation to the TVL size and dominates by $ 6.98 billion TVL by 16.32 %. Rocketpool (RPL) today has a TVL of around 719.82 million US dollars metriken on Friday.

Reth has an overall market capitalization of around 264.49 million US dollar and around 174,725 Reth in circulation. Reth holds the 124th largest market capitalization position in the crypto economy, while stands the 12th largest place. Steth has a market capitalization of around $ 6.85 billion, and at the time of writing this article there is a circulating offer of 4,866,892 Steth.

How do you see the effects of adding staking services to Metamask Wallet on the Ethereum ecosystem? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

Bedy verification : Shutterstock, Pixabay, WikiCommons