MetaMask Launches Pooled Staking Service, But Not Available in US or UK Due to Regulatory Pressure
MetaMask, a popular Ethereum wallet and browser extension, has launched a new pooled staking service that allows users to earn rewards for contributing to the network's security by staking any amount of ETH. However, the service will not be available in the United States or United Kingdom due to regulatory pressure and lack of clarity. MetaMask will now compete with established players like Lido and Coinbase, who together account for almost 45% of the 33 million ETH staked on the network, but its extensive liquidity and integration with numerous dApps make it a strong contender. Lido, the leading liquid staking platform, has staked almost 45% of the 33 million ETH on the network, worth $116 billion, and offers an APY of around 3.8% for staking ETH and receiving stETH tokens that can be used in DeFi applications. With its extensive liquidity and integration with various dApps, Lido is a formidable competitor. Despite reducing its staking service availability, Coinbase remains the second-largest pooled staking provider, with a 15% share, three times larger than its closest competitors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators
In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.

Massive OM Token Burn Sparks Investor Debate and Market Tension
In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.

Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Elon Musk Takes Dig at Crypto Scammers Posing as “Hot Girls”
Trending news
MoreCrypto prices
More








