StakeWise Staked ETH (osETH) is an overcollateralized liquid staking token within StakeWise V3. More
| Fully Diluted Valuation | $1.63B |
|---|---|
| 24H Trading Volume | $1.96M |
| 24H Low / High | $4.49K / $ 4.70K |
| Circulating Supply | 358.88K |
| Total Supply | 358.88K |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Kirill Kutakov |
| Website | stakewise.io Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arbiscan 3 more |
| Contracts |
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1 more
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| Name | Pair | OG Score |
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StakeWise V3 has introduced a second-generation liquid staking protocol, with its flagship token, StakeWise Staked ETH (osETH). This objective examination delves into the key features and functionalities of osETH within the StakeWise V3 ecosystem.
Understanding osETH:
OsETH serves as the liquid staking token in StakeWise V3, characterized by its over-collateralization mechanism. This feature aims to protect holders from slashing losses, establishing osETH as a reliable option for those seeking a secure liquid staking solution. The token accrues staking yield through a diversified set of node operators, contributing to its perceived gold standard in the realm of liquid staking tokens.
Flexibility for Stakers:
StakeWise V3 offers a range of options for stakers, allowing them to engage with the protocol based on their preferences. Users have the flexibility to either delegate ETH to node operators of their choice or pursue solo staking, including the option to stake on their own infrastructure. This adaptability is a notable aspect of StakeWise V3, catering to a diverse range of staking strategies.
Permissionless Minting of osETH:
One distinctive feature of osETH is its permissionless minting capability against any Ethereum node. This approach ensures that access to liquid staking is decentralized, non-custodial, and open to anyone interested in participating. Users can stake ETH in various ways, including solo staking, and explore additional opportunities such as farming, borrowing, and restaking within the DeFi landscape.
Maintaining Price Accuracy on DEXs:
OsETH can be redeemed for ETH from Vaults at any time, contributing to the maintenance of its accurate price on decentralized exchanges (DEXs). This mechanism adds a layer of transparency and reliability to osETH, aligning it with the market value of ETH.
Diverse Backing for osETH:
The permissionless minting of osETH encourages participation from a diverse set of stakeholders, including pools, solo stakers, DAOs, and other entities employing unique staking approaches. This inclusivity minimizes the risk of centralization, fostering a decentralized and resilient ecosystem for liquid staking.
Conclusion:
StakeWise V3, driven by osETH, presents itself as a notable player in the evolving liquid staking landscape. Its objective features, such as over-collateralization, flexibility for stakers, permissionless minting, and diverse backing, contribute to its standing as a liquid staking protocol with potential implications for the broader decentralized finance ecosystem.
StakeWise Staked ETH (osETH) stands out for its over-collateralization feature, protecting holders from slashing losses, and its permissionless minting, allowing users to stake ETH in a non-custodial manner, including solo staking, farming, borrowing, and restaking in DeFi.
Kirill Kutakov (Founder of StakeWise).
Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
You can buy StakeWise Staked ETH (OSETH) on Uniswap V3 (Ethereum), Balancer V2, Curve (Ethereum), Balancer V2 (Arbitrum) cryptocurrency exchanges.
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