Developers of the non-custodial wallet MetaMask have unveiled a ‘pooled’ Ethereum staking feature. The service lowers the entry threshold of 32 ETH (~$113,000) for ordinary users, reports CoinDesk.
According to ConsenSys representatives, the service will not be available in the US and the UK.
“With Pooled Staking, MetaMask users have a simple way to participate in Ethereum staking through enterprise-level validators. They will retain full control over their coins, receive rewards, and enhance network security,” the statement reads.
The publication explained that MetaMask lacks certain features that would help it stand out among competitors.
In particular, Lido and Rocket Pool offer liquid staking tokens (LST), which can be used in DeFi protocols to increase the yield of operations.
MetaMask does not plan to offer its own LST as part of the new service.
In January, it was revealed that wallet developers are testing a ‘routing’ technology capable of revolutionizing value transfer in the Ethereum network.
