StakeWise is an Ethereum 2.0 staking platform that makes it easier for users to stake and earn Ethereum (ETH) rewards from the Ethreum 2.0 proof-of-stake consensus mechanism.^[3][4][8]

In March 2021, StakeWise went live on the mainnet and completed a $2 million private funding round led by Greenfield One.^[9]

StakeWise is an Ethereum 2.0 staking service that aims to help users gain the highest possible yield by running a secure and stable banking-grade infrastructure, enabling yield farming, and charging low fees. Anyone with at least 0.001 ETH can participate. StakeWise comprises two main products: StakeWise Pool and StakeWise Solo.^[1]

A user's stake is pooled into the with other participants.

Every stake in the StakeWise Pool gets tokenized upon deposit, to allow each user to transfer or exchange their deposited and earned ETH2 for other assets.

play a key role in the Pool by making a user's stake liquid and opening opportunities to generate additional yield in DeFi (Decentralized Finance) protocols. StakeWise Tokens include sETH2 (staking ETH) and rETH2 (reward ETH). One of the main advantages of StakeWise tokens is that they reflect deposits and rewards separately, which allows users to separate their holdings into different risk classes, avoid impermanent loss when providing liquidity, and potentially compound their returns.^[1][2]

StakeWise Solo is a service where a user's validator with 32 ETH runs on StakeWise infrastructure, but a user alone retains access to its balance since they own the withdrawal key.

Users can create as many validators as they want with one click and request validator exit whenever they want to.^[1]

The goal of the StakeWise Pool is to enable holders of Ethereum (ETH) to earn maximum staking rewards from participating in the Ethereum 2.0 consensus mechanism and allow them to utilize their stake in various DeFi (Decentralized Finance) protocols with help of StakeWise tokens.

StakeWise applies a 10% commission on rewards that the Pool generates to compensate for the costs of developing, running, and maintaining the infrastructure and smart contracts that underpin the StakeWise platform.^[5]

StakeWise Pool is a network of validators created and operated by StakeWise on behalf of stakers using ETH deposited into the Pool.

For each new block of 32 ETH collectively deposited by the users, a new validator is created and added to the StakeWise Pool to earn rewards.

All rewards and penalties generated by the Pool are distributed among stakers pro-rata according to their share of the Pool.

The balance of ETH deposits and rewards is reflected in sETH2 (staking ETH) and rETH2 (reward ETH) minted to stakers in a 1:1 ratio.^[5]

The goal of StakeWise Solo is to simplify participation in staking and achieve maximum returns for users that prioritize self-custody of withdrawal key and have at least 32 ETH to stake.

The system charges a fee of 10 DAI ($) per validator per month and offers a special billing method to handle regular payments for your validators without linking a credit card.^[6]

sETH2 (staking ETH) is a token that represents users' deposits in StakeWise Pool in a 1:1 ratio.

sETH2 is always backed by ETH that has entered the contract.

With every new ETH deposit into the Pool, the contract updates the total supply and mints an equal amount of sETH2 to the depositor.^[2]

rETH2 (reward ETH) is a token that represents users' ETH rewards in StakeWise Pool in a 1:1 ratio.

These rewards do not physically exist, but their record is stored in the Ethereum 2.0 Beacon Chain, so they can be measured and used to back rETH2 in a 1:1 ratio. The record about the Pool's rewards specifically is calculated from the balances of StakeWise validators. The balances are measured from the Beacon Chain and submitted to the contract using oracles.^[2]

StakeWise Decentralized Autonomous Organization will govern the important system parameters like fees paid by stakers, commissions paid to node operators, approval of contract changes for the introduction of new features, and more. When choosing these parameters, the community will need to optimize for both its immediate interests as stakers and the long-term success of the protocol through a correct choice of parameters. Alignment of interests of the platform and its participants happens through an allocation of 51% of the governance SWISE token supply to the community. Other token holders will be investors and the development team behind StakeWise. SWISE token supply is 1,000,000,000.^[11]

Users can claim SWISE proportionally to the amount of ETH they deposit into the pool and can claim a higher amount the earlier they deposit.^[12]

The Early Adopters Campaign is designed to reward early users with an annual percentage yield boost and create a community of stakers to kick off protocol's governance. The tiered campaign will reward $SWISE governance tokens to stakers in the following manner:

Campaign participants will be able to claim their $SWISE via Merkle Drop after the Token Generation Event (TGE) in March 2021.

A total of 2% of the token supply, or 20,000,000 $SWISE, will be distributed among early adopters through this mechanism.^[7] As of March 9, 2021, around 9,000 ETH are currently staked and eligible for airdrops on the platform.^[10]

In March 2021, StakeWise completed a $2 million private funding round ahead of its public launch.

The round was led by Greenfield One, with Collider Ventures, Gumi Cryptos, Lionschain Capital, and a number of private investors also joining.^[9]