MetaMask Institutional has launched a new staking marketplace to simplify the process of institutional staking for Ethereum. This marketplace will help institutions seeking validator status on the Ethereum network to stake their Ether (ETH) via four different vendors, namely ConsenSys Staking, Allnodes, Blockdaemon, and Kiln.
The staking marketplace is intended to provide an alternative to solo staking, which is more streamlined and makes it simpler for institutions to participate in the Ethereum network as validators. Institutional staking can be complex due to the various costs, terms and conditions, rebates, and reporting criteria, and hence, MetaMask has come up with this solution to streamline the procedure and make it easier for institutions to use.
MetaMask’s institutional-grade wallet and custody service is used by institutions to manage their Ether (ETH) staking. By offering a staking marketplace, MetaMask has taken a big step forward in helping institutions achieve validator status on the Ethereum network. This new product is an excellent solution for institutional staking, as it simplifies the process and provides users with more options.