{"id":16439,"date":"2023-01-13T23:42:47","date_gmt":"2023-01-13T23:42:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/metamask-launches-ethereum-staking-services-via-lido-and-rocketpool-defi-bitcoin-news\/"},"modified":"2023-01-13T23:42:47","modified_gmt":"2023-01-13T23:42:47","slug":"metamask-launches-ethereum-staking-services-via-lido-and-rocketpool-defi-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/metamask-launches-ethereum-staking-services-via-lido-and-rocketpool-defi-bitcoin-news\/","title":{"rendered":"Metamask Launches Ethereum Staking Services via Lido and Rocketpool \u2013 Defi Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On Friday, the Web3 wallet firm Metamask, a subsidiary of the Ethereum-centric company Consensys, announced the beta launch of ethereum staking features will be made available via Lido\u2019s or Rocketpool\u2019s liquid staking services. Users who want to stake ethereum and earn staking rewards can select one of the staking providers within the Metamask Web3 wallet\u2019s interface.<\/strong><\/p>\n

Consensys-owned Metamask\u2019s Latest Update Allows Users to Stake Ethereum With Lido and Rocketpool<\/h2>\n

The Web3 wallet provider Metamask announced<\/a> that the company has added ethereum (ETH<\/a>) staking services to the wallet\u2019s set of tools. \u201cWe are extremely happy to announce that you can now stake ETH<\/a> with Lido or Rocketpool through the Portfolio Dapp,\u201d Metamask said on Friday. \u201cMetamask Staking allows you to interact directly with the Lido and Rocketpool protocols \u2014 no sketchy third-parties doing your staking for you,\u201d the company added<\/a> on Twitter.<\/p>\n

Essentially, the two liquid staking providers, Lido and Rocketpool, issue two \u201crebasing\u201d and \u201crepricing\u201d wrapped versions of ethereum (ETH<\/a>) known as STETH and RETH. \u201cUsers either choose to hold on to this STETH\/RETH token for when they would like to withdraw their stake, use it as collateral in [decentralized finance], or even swap it for another token (back to ETH<\/a> or another ERC20),\u201d Metamask details in a blog post<\/a> published the same day. The Web3 wallet firm\u2019s blog post adds:<\/p>\n

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In this post-Merge world, there is a growing demand for simple staking services that will ultimately secure Ethereum. Whether you\u2019re a seasoned staker or a sideline watcher, Metamask Staking offers an intuitive way to jump in and stake your [ethereum] for rewards.<\/p>\n<\/blockquote>\n

According to defillama.com statistics<\/a>, there\u2019s $42.8 billion total value locked (TVL) in decentralized finance (defi) on Jan. 13. The liquid staking provider Lido is the most dominant protocol in terms of TVL size, and it dominates by 16.32% with its $6.98 billion TVL. Rocketpool (RPL) today, has a TVL of around $719.82 million according to defillama.com\u2019s metrics<\/a> on Friday.<\/p>\n

RETH<\/a> has an overall market capitalization of around $264.49 million, and there are approximately 174,725 RETH in circulation. RETH holds the 124th-largest market capitalization position in the crypto economy, while STETH<\/a> commands the 12th-largest spot. STETH has a market capitalization of around $6.85 billion, and there is a circulating supply of 4,866,892 STETH at the time of writing.<\/p>\n

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\nTags in this story
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collateral<\/a>, ConsensYs<\/a>, crypto economy<\/a>, DeFi<\/a>, Demand<\/a>, dominate<\/a>, ERC20<\/a>, ETH<\/a>, Ethereum<\/a>, Ethereum staking<\/a>, Firm<\/a>, Lido<\/a>, Liquid<\/a>, Market Capitalization<\/a>, merge<\/a>, metamask<\/a>, Metamask Staking<\/a>, Metamask staking services<\/a>, Portfolio Dapp<\/a>, Protocols<\/a>, providers<\/a>, RETH<\/a>, Rewards<\/a>, Rocketpool<\/a>, secure<\/a>, Services<\/a>, simple<\/a>, staker<\/a>, staking<\/a>, Staking ETH<\/a>, STETH<\/a>, swap<\/a>, The Merge<\/a>, Tokens<\/a>, Tools<\/a>, TVL<\/a>, Wallet<\/a>, Web3<\/a><\/div>\n<\/div>\n

How do you see the addition of staking services to Metamask\u2019s wallet impacting the Ethereum ecosystem? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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