Ethereum infrastructure provider ConsenSys said MetaMask has launched staking marketplace for institutional investors as the company wants to bring more organizations into Web3.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
In a blog post, ConsenSys said the new product has been launched in partnership with Allnodes, Blockdaemon, and Kiln. The New York-based company says the new institutional-focused staking marketplace will reduce complexity by "streamlining access to top-tier staking providers."
MetaMask Institutional Product Lead, Johann Bornman, says institutional demand for staking will increase in the coming months as the Ethereum network will undergo a new upgrade, bringing withdrawals of staked ethers (ETH).
According to data from Staking Rewards, a total of 18.8 million of ETH staked so far, with Lido controlling around 30% of all ethers sent to DeFi protocols for staking. As iHodl earlier reported, Ethereum core developers approved a final deadline for activating the long-awaited Shanghai hard fork, which is set for April 12.
The Shanghai hard fork upgrade includes a set of suggestions for improving the network, including EIP-4895, the implementation of which allows ether (ETH) to be withdrawn from the Beacon Chain staking contract.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange