BCGAME - Free 5BTC Daily Bonus!MetaMask, one of the most used crypto wallet applications on the market, recently announced a strategic partnership with Consensys Stake. This collaboration aims to offer a new service that allows users to run Ethereum validator nodes, marking a significant advancement in the cryptocurrency sector.
This innovation comes after the Ethereum network transitioned from a proof-of-work system to a proof-of-stake system in September 2022, an event known as ‘The Merge’. Since then, the Ethereum network has been maintained and secured by validators, a change that emphasizes the importance of staking (bet) on the new network infrastructure.
MetaMask's offering is distinguished by not requiring pooling of funds or specific hardware or software requirements. To become a validator, a user needs to stake a minimum of 32 eth, equivalent to approximately 80.000 US dollars. This value is then used to operate a validator node through the Consensys Staking service, which already manages around 4% of all staked eth.
The proposed annual yield promised by MetaMask is currently around 4% on rewards. However, the company cautions that this value may vary, as selecting a validator block for addition to the network is a random process. Additionally, it is important to note that MetaMask charges a 10% fee on rewards earned.
How to use Validator Staking in MetaMask Portfolio:
Additionally, MetaMask also offers pooled staking options, partnering with popular providers like Lido and RocketPool. Although the advertised reward rates for these options are slightly lower, 3,53% and 3,14% respectively, they represent viable alternatives for users.
