What is StakeWise Staked ETH?
StakeWise Staked ETH, also known as osETH, is a liquid staking token that represents staked Ethereum within the StakeWise ecosystem. It enables users to maintain liquidity on their staked assets while earning rewards. This token offers a non-custodial and decentralized solution, allowing participants to engage in staking without locking up their underlying assets.
StakeWise Staked ETH goals
The primary purpose of StakeWise Staked ETH is to allow Ethereum holders to earn staking rewards without sacrificing liquidity. It solves the issue of illiquidity typically associated with traditional staking by providing a token that can be used across various DeFi applications while still earning yield. This solution is designed for both individual stakers and institutional players who wish to access staking opportunities without compromising the flexibility of their assets.
StakeWise Staked ETH fondamentals
StakeWise Staked ETH is built on a decentralized staking protocol where users receive osETH in exchange for staked ETH, ensuring that every token is backed by real assets. The circulating supply of the token is represented as 351909 OSETH and its market capitalization is noted as $914860740. The protocol enhances asset security through over-collateralization and robust slashing protection measures.
Marketcap
$0.91486074B
Total number of StakeWise Staked ETH
351909 OSETH
StakeWise Staked ETH technology
The technology behind StakeWise Staked ETH operates on the Ethereum blockchain using smart contracts to manage the staking process. When ETH is staked on the platform, osETH is minted as a liquid token that continues to accrue staking rewards. Advanced security techniques, such as multisig wallets and mechanisms to safeguard validator keys, are integrated to protect user funds and ensure the integrity and resilience of the network.
StakeWise Staked ETH competitors
StakeWise Staked ETH differentiates itself from other staking solutions by offering a non-custodial model that empowers users to select their preferred node operators. Its approach emphasizes both liquidity and enhanced security through features like over-collateralization and comprehensive slashing protection. This flexibility and emphasis on decentralized control provide it with a competitive edge compared to other liquid staking protocols that might offer more centralized or less customizable options.
StakeWise Staked ETH price history
Frequently asked questions
osETH is the liquid staking token provided by StakeWise that represents staked ETH. It allows users to retain liquidity while their assets are earning staking rewards. This token can be used in various DeFi applications without compromising the staking benefits.
Users can participate by depositing their ETH into the StakeWise protocol to receive osETH. This process enables them to earn staking rewards while maintaining access to liquidity. The platform also allows participants to choose between pooled or solo staking options based on their preferences.
The protocol incorporates multiple security measures, including over-collateralization and robust slashing protection. Advanced mechanisms such as multisig wallets and secure key management are also employed. These features help protect user funds and maintain the overall integrity of the staking process.
Yes, the design of osETH ensures that users retain liquidity while their ETH remains staked. This liquid staking mechanism allows users to trade or use their osETH in various DeFi applications. When needed, the osETH can be converted back into ETH along with any earned rewards.
StakeWise distinguishes itself by offering a decentralized, non-custodial staking model that provides flexibility in selecting node operators. Its focus on maintaining liquidity through osETH sets it apart from traditional staking methods. Additionally, its innovative security measures and user-focused approach cater to both solo stakers and institutional investors.
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