Because Consensys has launched a new integration, MetaMASK users will be able to browse etheric liquid betting service providers Lido and Rocket Pool.
MetaMASK bets also enable users to bet on ETH according to LIDO and Rocket Pool agreements to sell the service to improve the security and decentralization of Ethernet blockchain technology.
Users will be able to give additional information to guide the selection of betting solutions, very different from the reward rates, networking controls and popularity of liquid betting service providers. The service has gradually evolved from a public beta version of the decentralized application software based on MetaMak Portfolio.
Users will be able to make bets via Lido and Rocket Pool, and query the dynamic password account balance of Lido (Steth) and Rocket Pool (Reth) bets. This OTP can also be swapped back to ETH through MetaMASK swaps.
Liquidity betting is a way of betting on assets on etheric blockchain technology, which allows users to earn a return on the premise that they can move and pay for the asset at will. This property is deposited in a smart contract and profits are made based on the total amount of bets made by all users.
Abad Mian, the operator of MetaMASK products, told Cointelegraph that the service saw a strong demand for betting solutions after Etherum successfully converted to a proven interest in September 2022.
In an internal structure survey, 85% of respondents said they were used to evaluating a number of options before deciding where to bet their property. In addition, more than 74% of respondents said they were betting or interested in betting.
Mian also confirmed that MetaMASK will explore the potential of service providers to bring more liquid bets. He responded that MetaMASK does not give betting services immediately, but uses smart contracts to connect users to ethernet's important liquid betting service providers.
Cointelegraph also asked about the probability of posting bets to MetaMaskInstitution, the site's service for institutional clients. Although Mian declined to comment actually, he stressed that MetaMASK is still evaluating goods within its scope of service.
Mian also stresses that the impact of dedicated betting tools on the decentralization of ethernet will depend on their audience, user perception and the need for betting services.
"the bet is only one of the factors that may affect the decentralization of blockchain networks."
The blockchain technical analysis conducted by Nansen in December 2022 shows that the need for liquid etheric betting services in business consolidation has increased. As of January 13, etheric betting contracts included more than 16 million ETH, in which Lido's liquid betting pool was a huge promoter, with a presence of more than 4.6 million ETH.
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