Staking · Liquid Staking · osETH
StakeWise V3 lets users stake into solo or curated vaults and mint osETH, an overcollateralized liquid staking token, keeping rewards within the vault.
Permissionless, overcollateralized ETH staking.
osETH price
$2689.65
-2.2% 24h
Latest data · 15 min delay
Vault-based architecture where anyone can launch a staking vault; osETH is overcollateralized and protocol-insured.
Permissionless smart contracts that form StakeWise V3's staking marketplace. Each Vault is run by a chosen node operator with its own infrastructure, MEV strategy, fee/commission, and deposit cap. Stakers can deposit any amount of ETH (or GNO on Gnosis Chain), earn native staking rewards, and unstake without needing 32 ETH.
Overcollateralized, slashing-protected liquid staking token minted against ETH staked in a Vault. In standard 90% LTV Vaults, holders must keep >1 ETH backing every osETH (a 10% overcollateralization buffer), so slashing losses are absorbed by the buffer before osETH holders are affected. osGNO is the Gnosis Chain equivalent.
SWISE is the native governance token. Holders form the StakeWise DAO, which governs protocol parameters and controls the DAO Treasury (a Gnosis Safe with a committee and SafeSnap module). DAO-approved Vaults can reach up to 99.99% LTV backed by a 5M SWISE operator bond.
A leverage strategy that lets users borrow additional assets on Aave against osETH, stake them, and loop the position to amplify staking yield.
$2,000,000 (led by Greenfield One)
CoinDesk — StakeWise Raises $2M Ahead of Mainnet Launch90% LTV mint cap with >10% ETH buffer backing every osETH
StakeWise Docs — How osToken WorksHow StakeWise maps onto established TradFi structures, and where it diverges.
Overcollateralized secured lending (e.g. a margin loan against pledged securities)
StakeWise
Minting osETH against staked ETH resembles borrowing against pledged collateral: you unlock liquidity while retaining the underlying yield-bearing asset, subject to an LTV cap.
TradFi analogue
There is no lender charging interest and no counterparty bank; the position is enforced entirely by smart contracts. The overcollateralization exists to absorb slashing, and osETH itself continues to accrue staking rewards rather than being idle collateral.
StakeWise DAO
Governance Community of SWISE token holders that governs protocol parameters and controls the DAO Treasury, a Gnosis Safe operated with a committee and a SafeSnap module allowing on-chain execution of governance decisions.
Private / seed
2021-03-08$2M
Key milestones: launches, upgrades, exploits and governance events.
StakeWise V3 launches on Ethereum mainnet
ExecutedStakeWise announced that V3 — the permissionless Vault marketplace with overcollateralized osETH minting — went live on Ethereum mainnet.
SourceosETH is StakeWise V3's liquid staking token. In standard 90% LTV Vaults you can mint osETH against at most 90% of your staked ETH, leaving a >10% ETH buffer. This means every osETH is backed by more than 1 ETH, so if a validator is slashed the excess ETH absorbs the loss before osETH holders' principal is touched.
V3 is a marketplace of Vaults, each run by a node operator who sets the infrastructure, MEV strategy, fee, and deposit cap. Stakers deposit any amount of ETH into a chosen Vault to earn rewards, can unstake at any time, and can optionally mint osETH to stay liquid and use their stake across DeFi.
Positions are tracked by LTV. Above ~91.5% LTV third parties can redeem (burn osETH) to restore the position to 90% LTV without the staker losing value; above 92% LTV the position can be liquidated, with the liquidator receiving collateral plus a 1% liquidation premium taken from the staker.
SWISE is the governance token of the StakeWise DAO. Holders govern protocol parameters and the DAO Treasury. SWISE is also used as a bond by operators of high-LTV (up to 99.99%) DAO-approved Vaults.
StakeWise supports Ethereum (osETH) and Gnosis Chain (osGNO), letting users stake ETH or GNO through Vaults and mint the corresponding liquid staking token.
