The new marketplace from Metamask Institutional comes just weeks before Ethereum’s much-anticipated Shanghai hard fork that should spur growth in staking services. liqquidity reports
Staking as a service has drawn extra scrutiny this year, after crypto exchangeand shutter its service in order to settle charges that the program amounted to an offering of unregistered securities.
A nagging concern is that the rewards paid to Ethereum stakers might be deemed by regulators as being akin to interest paid on investment securities.that staking rewards “aren’t a mythical construct dependent on the acts of a specialized manager who enjoys discretion over how the funds are invested to generate a reward,” but merely a way to “incentivize volunteers to secure the network.”
The preferred characterization of staking is as “data validation not investment,” according to the blog post. Consensys’s new staking marketplace will “hopefully start laying a foundation where you’ll see more and more institutions offer data validation into the network,” Bornman said.
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