On Friday, Web3 wallet company Metamask, a subsidiary of Ethereum-centric company Consensys, announced the beta launch of Ethereum’s staking capabilities through Lido or Rocketpool’s liquid staking service, and announced that it will be offered through Rocketpool’s liquid staking service. Users who wish to earn stake rewards for staking Ethereum can select either staking provider within the Metamask Web3 wallet interface.
The latest update to Metamask, owned by Consensys, allows users to stake Ethereum with Lido and Rocketpool
Web3 wallet provider Metamask announced that the company has added ethereum (ETH) staking services to its wallet toolset.” We are very pleased to announce that you can now betWe are very pleased to announce that you can now stake ETHin Lido or Rocketpool through Portfolio Dapp,” Metamask said on Friday.” Metamask Staking can interact directly with Lido and Rocketpool protocols – no sketchy third parties doing your staking for you,” the company addedon Twitter.
Basically, the two liquid staking providers, Lido and Rocketpool, issue two ‘rebased’ and ‘repriced’ wrapped versions of Ethereum (ETH), known as STETH and RETH.” Users can choose to keep this STETH/RETH token for when they want to withdraw their investment, use it as collateral in [decentralized finance], or exchange it for another token (back toETHor another ERC20).” Metamask elaborates in ablog postpublished the same day; the Web3 Wallet Company blog post adds.
In this post merge world, there is a growing demand for simple staking services that ultimately secure Ethereum. Whether you are a seasoned staker or a bystander, Metamask Staking offers an intuitive way to dive in and stake your [ethereum] for a reward.
According to statistics from defillama.com , a total of $42.8 billion was locked in decentralized finance (Defi) on January 13 (TVL). Liquid staking provider Lido is the most dominant protocol in terms of TVL size, dominating by 16.32% with a TVL of $6.98 billion.Rocketpool (RPL) today, has a TVL of around $719.82 million according to defillama.com’s metrics on Friday.
RETHhas an overall market capitalization of about $264.49 million, with about 174,725 RETHs issued. RETH is the crypto economy’s It occupies the 124th largest market capitalization position in the crypto economy;STETHoccupies the 1st largest market capitalization position in the crypto economy; STETHoccupies the 12th position; STETH has a market capitalization of approximately $6.85 billion and, as of this writing, has a market capitalization of 4,866, 892 STETH in circulating supply.
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