• MetaMask is adding a staking feature to its MetaMask Portfolio, allowing users to stake their ETH via Lido or Rocket Pool.
• The update comes two months before an Ethereum upgrade is expected to allow users to withdraw their staked ETH.
• The new staking feature will provide users with a convenient way to interact with staking providers.
MetaMask, a popular wallet provider, is adding a staking feature to its MetaMask Portfolio in anticipation of an Ethereum upgrade that will allow users to withdraw their staked ETH. The new staking feature will enable users to stake their ether (ETH) via Lido or Rocket Pool, two of the leading community-led validator services.
Locking up one’s ether in a smart contract on the blockchain will accrue rewards, so this feature is a great way for users to make the most of their digital assets. Currently, this usually requires visiting Lido and Rocket Pool’s respective websites, so the new staking feature in MetaMask Portfolio will make it much easier for users to access these services.
Abad Mian, product manager at MetaMask, commented on the new update: “By allowing staking through the MetaMask Portfolio dapp, we are providing MetaMask users with a convenient way to interact with staking providers.” This will make it easier for users to access staking services without having to leave their wallet and navigate to a different website.
MetaMask Portfolio is a one-stop shop for users to view their crypto holdings and send (or “bridge”) them between different blockchains. It is part of MetaMask’s broader mission to make it easy for users to access and interact with decentralized applications.
The new staking feature is a welcome update for Ethereum users, as it allows them to make the most of their ETH and benefit from the rewards associated with staking. Plus, it provides users with a quick and easy way to access staking services straight from their wallet.