MetaMask Announces Staking with Lido and Rocket Pool

Breaking News
Written By Keegan King

ConsenSys, the parent company of MetaMask, announced today that it is now offering staking on its platform. The company stated that it will be using Lido and Rocket Pool to provide staking services to users through their portfolio dApp. 

This move is in response to Ethereum's shift from proof-of-work to proof-of-stake, which has created significant returns for investors. However, the company recognizes that staking can be a difficult concept for many people to understand or execute correctly, so they have implemented Lido and Rocket Pool to simplify the process.

Abad Mian, Senior Product Manager at MetaMask, stated that users “want to [stake] from within their favorite self-custodial wallet”, and this move allows them to do just that. By enabling staking directly within the MetaMask portfolio dApp, the company is streamlining the process, providing more users with immediate access to staking their liquidity, and expanding Ethereum's decentralized network.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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