MetaMask Institutional to launch staking marketplace

The MetaMask Institutional team, the institutional version of the non-custodial wallet, unveiled a marketplace that simplifies client onboarding to staking services.

? The marketplace will bring together staking providers, offering simple, one-click staking to institutions. The aim is to facilitate broader institutional participation and boost Ethereum network security by simplifying ETH staking.

Learn more here?https://t.co/eAkTDf126N

— MetaMask Institutional (@MMInstitutional) March 22, 2023

“Choosing the right provider for institutional staking can be challenging due to differences in fees, terms, discounts and reporting standards. Moreover, providers offer institutions different advantages, ranging from differences in infrastructure,” the statement said.

MetaMask Institutional noted that these complexities could deter companies from participating in crypto passive-income services. The developers are confident the marketplace will simplify connecting institutions to staking, offering standard terms, the required level of reporting, and a user-friendly interface.

Partners of the platform include Allnodes, Blockdaemon, Kiln, and ConsenSys Staking, the service of the parent company. In the future, the team aims to expand the number of connected staking providers.

Alongside the marketplace, MetaMask developers have created the Web3 Portfolio Dashboard. The solution includes portfolio management, monitoring of digital assets, and transaction reporting. Users will be able to easily switch between different EVM-compatible networks.

“The platform will enable monitoring of digital assets, including performance attribution for all ERC-20 tokens, as well as the ten largest DeFi protocols, tracking NFTs and group accounts for portfolio management,” the developers noted.

Both solutions will go live on 27 March ahead of the Shanghai-Capella (Shapella) hard fork in the Ethereum network, scheduled for 12 April. The update will enable withdrawals of ETH from staking.

In January, MetaMask developers added to the Portfolio Dapp an option ликвидного стейкинга Ethereum using the protocols Lido and Rocket Pool.