StakeWise
StakeWise
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StakeWise Official: V3 Marketplace, osETH & Vaults
StakeWise Official: V3 Marketplace & osETH Hub
StakeWise Official is the permissionless liquid staking protocol on Ethereum that introduced the V3 Vault architecture. This technical documentation serves as the primary resource for navigating the StakeWise Vault Marketplace, minting the osETH Liquid Staking token, and establishing Private Staking Vaults. StakeWise decouples liquid staking from centralized operator sets.
StakeWise Ecosystem: The Vault Standard
StakeWise V3 transforms the protocol into an open layer for staking infrastructure.
Vaults: Instead of one giant pool, StakeWise is a collection of thousands of independent "Vaults." Each Vault is a staking pool run by a specific operator (e.g., Blockdaemon, Chorus One, or a random Solo Staker).
osETH: This is the universal LST. Users stake ETH into any Vault and can then mint osETH against that stake. osETH accrues yield from the entire network of Vaults, not just the one you staked in, smoothing returns.
Marketplace: Users can browse Vaults based on performance, fees (0-100%), and "Score" (a DAO-assigned reliability metric), giving stakers granular control over who validates their ETH.
Permissionless & Private
The infrastructure of StakeWise V3 Official supports diverse staking personas.
Permissionless Ops: Anyone can Run Your Own Node and create a Vault. By depositing your own 32 ETH (or less with DVT), you can mint osETH against your own node. This allows solo stakers to access DeFi liquidity without trusting a third party.
Private Vaults: Institutions can deploy Vaults that are "Gatekept." Only whitelisted addresses can deposit. This is critical for funds that need to demonstrate they are not commingling assets with sanctioned entities, while still utilizing the StakeWise smart contracts for accounting.
Overcollateralization: To mint osETH, a user typically keeps a small "buffer" of ETH in the Vault (e.g., 90% LTV). If the validator is slashed, this buffer is burned first. This mechanism protects the peg of osETH, making it an Overcollateralized LST.
SWISE, Yield & Smoothing
The reward system balances individual choice with collective security.
Staking Yield: The base yield comes from the specific Vault you choose. However, if you mint osETH, you are effectively swapping your "Specific Vault Yield" for the "Average Network Yield" of osETH.
Smoothing Pool: Vaults can opt-in to the "Smoothing Pool." This socializes Execution Layer rewards (MEV/Priority Fees) across all participating Vaults, ensuring that even small operators get consistent returns rather than relying on lottery-like block proposals.
SWISE Governance: $SWISE holders control the protocol. They vote on the "LTV" parameters (how much osETH can be minted per ETH) and manage the "Vault Scoring" algorithm which highlights trusted operators on the UI.
Security, Audits, and Risks
StakeWise Official utilizes a modular architecture to isolate risk.
Audits: The V3 codebase was audited by Halborn and Sigma Prime. (Always verify the latest reports on the official GitHub/Docs).
Isolation: Because every Vault is a separate smart contract, a bug or issue in one Operator's setup (e.g., key compromise) is isolated to that Vault. It does not necessarily drain the entire protocol's TVL, unlike monolithic pools.
Slashing Buffer: The "Excess ETH" (the portion of the deposit not minted as osETH) acts as a first-loss tranche. This makes osETH arguably more robust against de-pegs caused by slashing events than standard 1:1 LSTs.
Official Documentation & Reference
Access the verified StakeWise Official technical resources below:
App: app.stakewise.io
Docs: docs.stakewise.io
Twitter: x.com/stakewise_io
DefiLlama: defillama.com/protocol/stakewise
Frequently Asked Questions
What is a StakeWise Vault? A StakeWise Vault is an independent staking pool. It can be public (anyone joins) or private. You choose which Vault to deposit into based on the operator's reputation and fees.
How does osETH work? osETH is the liquid token. You mint it by depositing ETH into a Vault. It is Overcollateralized, meaning there is always more ETH in the system than there is osETH in circulation, providing a safety buffer.
Can I run a node? Yes, you can be a Permissionless Node Operator. You simply launch a Vault, stake your ETH, and you can mint osETH against it to get liquidity while running the hardware yourself.
Is osETH safer than stETH? They have different risk profiles. osETH uses an overcollateralization model to protect against slashing, whereas stETH relies on a massive, socialized insurance fund and operator whitelist.