Ethereum users can now get a full authenticator directly from MetaMask.

Crypto wallet provider MetaMask has released a new staking service that allows Ethereum users to run their own verification nodes – for a price.

On January 18, the crypto wallet provider introduced authenticator staking through the MetaMask portfolio.

MetaMask 32 operates a validator node on behalf of stakeholders who deposit Ether (ETH). At current Ethereum prices, this equates to approximately $78,752 – not a small sum.

No integration or hardware required, he says, “We run your node securely, streamlining rewards, reducing the risks of hacking and hacking.”

Introducing Validator Staking on the MetaMask Portfolio.

With a 32 ETH deposit, we'll run your own validator node where you're always in control.

No merger. No hardware. Rewards only.✔️

pic.twitter.com/R8VRttP2XX

— MetaMask (@MetaMask) January 18, 2024

The new service could be challenging for startups and/or decentralizers, as staking through MetaMask could solve the centralization issues that arise from large liquidity providers like Lido.

It also negates the need to purchase hardware to run a private Ethereum node and eliminates the prospect of downtime due to internet outages.

In more than two years of the agreement that governs the service, it has not received any fines, even though more than 33,000 validators managed more than $2 billion worth of ETH, he said.

Booking through MetaMask currently costs 3.8% per annum. However, the platform takes a 10% commission on verifier rewards.

Lefteris Karapetsas, founder of crypto portfolio tracker Rotkiap, says the new service is an interesting idea, but for any user concerned about the 10% fee, it makes it a completely unattractive option compared to other options.

Related: MetaMask launches feature to sell ETH for fiat

MetaMask's profit minus the fee is the same as Lido's at 3.4%.

Lido is the leading liquid storage platform in the industry and currently holds 9.3 million ETH worth $22.9 billion. This is equivalent to 40% of the total 28.8 million ETH according to Ultrasound.Money. About a quarter of Ethereum's total circulating supply is locked up in shares.

In the absence of decentralized share providers, Ethereum holders can use centralized exchanges like Coinbase, which offer a massive 25% reduction in savings rewards.

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