MetaMask Launches Staking Beta with Lido and Rocket Pool: Know How to

After the ETH moved to proof-of-stake, the total energy consumed 

By the blockchain has reduced by 99.9%. With proof-of-stake comes the chance for ETH holders to earn interest on their holdings. 

Metamask, a leading ERC-20 crypto wallet, has recently launched its staking services with Lido and Rocket Pool. Lido is a leading liquid staking provider with over $6.98 billion in Total Value Locked (TVL) on the other hand Rocket Pool is ETH 2.0 staking platform. 

As per the declaration made by Metamask this Friday, the Web 3.0 wallet service is excited about this new venture that enables users to interact with Lido and Rocket Pool staking protocols without any ‘sketchy’ third-party applications.

This is to note that the users of Metamask will be able to stake their Ethereum right from their wallets only by installing Lido and Rocket Pool staking DApps in their Portfolio. With this, Metamask has also released a blog post that explains in detail what is staking and how Metamask users can stake their ETH with Metamask.

How to Stake Your ETH Using Metamask?

Staking on Metamask is not that difficult, all you have to do is to follow these steps once you have your Metamask account set up. 

• Go to portfolio.metamask.io

• Now move to the staking tab and choose your desired staking provider 

• After that, click on "Stake"

• Select the amount that you want to stake 

• Click on "Review" to confirm the details

• Click "Confirm"

• Sign the transaction with your Metamask wallet

You can stake your cryptocurrencies in ‘rebasing’ or ‘repricing’ wrapped versions of Ethereum that are indicated by steth and RETH. Staking your ETH can currently fetch you around 4% APY and that is great for those users who are willing to hold their ETH for the long term.

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