What is Stakewise?
Stakewise is an Ethereum liquid staking protocol that pioneered the dual-token model before transitioning to osETH in V3. The protocol allows anyone to run their own liquid staking vault, making it a choice for solo stakers who want liquid staking benefits while maintaining their own validator operations.
Stakewise V3 introduces a modular architecture where vault operators can create customized staking experiences while depositors receive osETH. An over-collateralized liquid staking token.
Key Metrics
| Metric | Value |
|---|---|
| . . . . | . . . - |
| Total Value Locked | $300M+ |
| Chain | Ethereum |
| LST Token | osETH |
| Model | Permissionless Vaults |
| Token | SWISE |
How Stakewise Works
osETH: Over-collateralized LST backed by staked ETH in various vaults. The over-collateralization protects against slashing losses. Vaults: Anyone can create a vault with their own validators. Depositors choose which vaults to trust. SWISE Governance: Token holders govern protocol parameters and vault requirements.Yield Opportunities
1. OsETH Staking (3-5% APY)
- Deposit ETH or buy osETH
- Earn Ethereum staking rewards
- Over-collateralized security
- Use in DeFi while staking
2. Vault Operation
- Run your own liquid staking vault
- Earn operator fees
- Maintain validator relationships
- Permissionless participation
3. OsETH in DeFi
- Use osETH as collateral
- Provide osETH/ETH liquidity
- Compound with DeFi yields
Track Stakewise opportunities with Fensory.
Risk Considerations
- Vault Operator Risk: Different vaults have different operators
- Smart Contract Risk: Protocol layer adds complexity
- Over-collateralization: Protects but reduces capital efficiency
- SWISE Token: Governance token volatility
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Interested in permissionless liquid staking? Fensory compares Stakewise with other LST options.[Get Started with Fensory →](https://www.fensory.com)