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Launched in March 2021, StakeWise is a liquid Ethereum staking protocol that unlocks the earnings potential of ETH2 for DeFi users. The protocol is non-custodial, tokenizing stakers' rewards separately from the deposits. This allows staked ETH capital to be applied in DeFi, reinvested (compounded) for higher returns, and managed more efficiently. StakeWise employs various mechanisms to boost staking APR and rewards users with its native token for liquidity provision and choosing StakeWise, prioritizing yield and stake liquidity. The governance of StakeWise is handled by the StakeWise DAO, which uses the SWISE governance token for voting and incentivizing protocol adoption. SWISE holders have control over protocol parameters, such as fees, criteria for placement in the activation queue, choice of node operators, and Treasury disbursements, through frequent voting based on StakeWise Improvement Proposals (SWIPs). To achieve true community-led governance, 51% of the SWISE supply will be allocated to the community between 2021 and 2025.
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What is StakeWise (SWISE)?
What is StakeWise (SWISE)?
StakeWise is a liquid Ethereum staking protocol that was launched in March 2021. It aims to unlock the earnings potential of ETH2 for DeFi users.
This protocol is non-custodial, meaning that it tokenizes stakers' rewards separately from their deposits. This allows users to apply their staked ETH capital in DeFi, reinvest (compound) the returns, and manage their staked capital more efficiently. StakeWise also employs various mechanisms to boost the staking APR and rewards users in its native token for liquidity provision and choosing StakeWise. This puts a strong focus on yield and stake liquidity.
The governance of StakeWise is handled by the StakeWise DAO, which uses the SWISE governance token for voting and incentivizing the adoption of the protocol. SWISE holders have control over various protocol parameters, such as fees, criteria for placement in the activation queue, choice of node operators, and Treasury disbursements. These parameters are determined through frequent voting based on the StakeWise Improvement Proposals (SWIPs).
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