Krutika Adani
MetaMask has enabled pooled staking, allowing users to pool their funds and stake them for rewards.
The pooled staking will be provided by Consensys, which also owns MetaMask.
The feature is not yet available for users in the UK or the US. However, it is expected to be released for them soon after receiving the necessary approvals.
MetaMask also revealed that less than 1% of ETH holders have the minimum amount of 32 ETH required for staking.
Ethereum is a proof-of-stake blockchain, and staked ETH increases the platform's security. In return, ETH stakers receive rewards for their contributions.