Crypto wallet provider MetaMask has launched a new Staking service that allows Ethereum users to run their own Validator nodes…for a great price through the MetaMask Portfolio.
MetaMask’s Validator node service requires users to deposit 32 Ether, stating “We run your node securely. By improving the efficiency of your staking returns while reducing the risk of downtime.”
The new service could attract even more new users, as staking via MetaMask could address centralization concerns from larger operators such as Lido.
It also reduces the need to purchase hardware to run personal Ethereum nodes and reduces the chance of being slashed due to internet outages.
Currently, staking through MetaMask returns 3.8% per year, however, the platform takes a 10% commission on validator rewards.
Crypto Rotkiapp Founder Lefteris Karapetsas said MetaMask’s new service is “an interesting idea. But the 10% fee makes it a completely unattractive option. compared to other options available.”
refer : cointelegraph.com
picture coindecimal.com
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