The team behind the non-custodial wallet MetaMask has introduced a feature allowing participation in validator staking without the need to run a node.
We run your node securely, streamlining your staking rewards while reducing risks of slashing and downtime.?
Powered by @Consensys Staking, setting up your very own Ethereum validator is now easier via MetaMask Portfolio. https://t.co/i3lpoCVgfn
— MetaMask ?? (@MetaMask) January 18, 2024
The option is available through MetaMask Portfolio and is implemented in partnership with the infrastructure service Consensys Stake.
Users simply need to stake the required 32 ETH (or a multiple thereof) to gain validator status.
Consensys Staking provides both software and hardware support. According to the statement, the service manages over 33,000 validators with 99.99% uptime, accounting for 4% of the total staked ether.
“You don’t need to worry about complex hardware requirements, ongoing maintenance, or software updates. You can simply stake a multiple of 32 ETH and earn rewards for securing the network,” stated MetaMask.
The option offers an annual yield of 4%, with a service fee of 10%.
In January 2023, Portfolio introduced the possibility of liquid staking through platforms Lido and Rocket Pool.
Earlier in 2024, media reported on MetaMask’s work on a “transaction routing” technology that will change interaction with Ethereum.