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Summary of StakeWise
- Launched in March 2021, StakeWise is a liquid Ethereum staking protocol.
- Non-custodial protocol tokenizes stakers’ rewards separately from deposits.
- Boosts staking APR and rewards users in native token for liquidity provision.
- Governed by StakeWise DAO, using SWISE governance token for voting and incentivization.
- SWISE holders control protocol parameters via frequent voting on StakeWise Improvement Proposals (SWIPs).
- 51% of SWISE supply to be allocated to the community between 2021 and 2025 for community-led governance.
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About StakeWise: Empowering a New Era of Staking
Launched in March 2021, StakeWise is a pioneering liquid Ethereum staking protocol that empowers DeFi users to tap into the vast earnings potential of ETH2.
In its non-custodial design, the protocol innovatively tokenizes stakers’ rewards, decoupling them from deposits, thereby enabling the strategic deployment of staked ETH capital in DeFi, compounding returns, and optimizing staked capital management. Furthermore, StakeWise incorporates multiple mechanisms to amplify the staking APR, while incentivizing users with its native token for providing liquidity and selecting StakeWise, ultimately prioritizing yield and stake liquidity.
The StakeWise protocol is overseen by the StakeWise DAO, which leverages the SWISE governance token to facilitate voting and incentivize the adoption of the protocol. Holders of SWISE tokens wield significant influence, determining key protocol parameters – including fees, activation queue criteria, node operator selection, and Treasury disbursements – through regular voting processes based on StakeWise Improvement Proposals (SWIPs). Notably, 51% of the total SWISE supply is slated for community allocation between 2021 and 2025, thereby ensuring a genuinely community-driven governance model.