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Trust Wallet Democratises Ethereum Staking, Launches ETH Pooled Staking

Written By: Michael Abadha
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Cryptocurrency Industry News
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Last updated:

Trust Wallet has launched Ethereum Pooled Staking, with functionality designed to enhance the Ethereum staking experience by providing users with more access, rewards potential, and security.

Already, Trust Wallet comes with the Trust Wallet Security Scanner, and it offers support for over 100 different blockchains and over 10 million digital assets. The ETH Pooled Staking feature is part of Trust Wallet’s continued effort to provide comprehensive, user-friendly, and secure cryptocurrency solutions.

Offering a lucrative annual percentage rate (APR) of up to 3.8%, ETH Pooled Staking, powered by Kiln and delivered through Trust Wallet, offers solutions to some of the typical restrictions of Ethereum staking. A key barrier has been removed, and a wider variety of users can now participate in staking operations, since the minimum holding requirement of 32 ETH is no longer in place. This means more earning opportunities for the masses.

Benefits of ETH Pooled Staking

  • Higher Staking Rewards: In contrast to centralised exchanges, ETH Pooled Staking reduces intermediary involvement and allows for bigger payouts through on-chain staking, all while lowering fees. Furthermore, users get more control over their staked assets and enjoy greater profitability using this strategy.
  • Contributing to Chain Security: Participants in Ethereum Pooled Staking do more than earn rewards; they also help keep the Ethereum blockchain secure and reliable. The staking experience becomes more fulfilling, driven by this “doing well by doing good” aspect.
  • Enhanced Security Benefits: Working in collaboration with Kiln, Trust Wallet is able to provide its users with a staking environment that is both robust and secure, protecting their assets and interests.
  • Broader Access to Staking: Staking is now accessible to all Trust Wallet users thanks to the reduction of the 32 ETH minimum threshold. This promotes a more varied and equitable crypto economy by making staking more accessible.
  • Seamless Integration: The Trust Wallet app’s ETH Pooled Staking feature is easily accessible with only a few clicks, offering a user-friendly interface for uncomplicated ETH staking.