|All Time High:|
|Market Cap: |
|The price of #SETH2 today is $1,661 USD.|
The lowest SETH2 price for this period was $0, the highest was $1,661, and the current live price for one SETH2 coin is $1,661.04893.
The all-time high SETH2 coin price was $4,823.
Use our custom price calculator to see the hypothetical price of SETH2 with market cap of BTC or other crypto coins.
|An ETH staking token issued to stakers in the StakeWise Pool.|
The code for sETH2 crypto currency is also #SETH2.
sETH2 is 1.6 years old.
|The current market capitalization for sETH2 is not available at this time.|
sETH2 is ranked #2122 out of all coins, by market cap (and other factors).
|There is a big volume of trading today on #SETH2.|
Today's 24-hour trading volume across all exchanges for sETH2 is $1,285,163.
|The total supply of SETH2 is 25,488 coins.|
A highlight of sETH2 is it's exceptionally low supply of coins, as this supports higher prices due to supply and demand in the market.
|SETH2 has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 1 crypto exchange.|
|A coin that is related to #SETH2 is #RETH2.|
What is osETH? A Deep Dive Into the Overcollateralized Staked Ether Token of StakeWise V3: Part 1
As we continue with the development of StakeWise V3, it’s time to look at how osETH — the overcollateralized staked ETH token within V3 — will bring liquid staking to anyone that can run Ethereum nodes and provide a slashing-resistant alternative to the current staked ETH token landscape. In this three-part series, we will explore every aspect of osETH mechanics and cover the liquidity and utility roadmap, to show you how osETH will become the dominant way to access liquid staking and help decentralize the Beacon Chain. Let’s dive into part one and learn more about the osETH fundamentals! — A token for liquid staking - Early logo of osETH, StakeWise V3’s overcollateralized staked Ether token First things first: what is osETH? osETH is a token for liquid ETH staking. It is a representation of all the ETH staked in StakeWise V3 validators, where every osETH is a small share of the total amount staked. Staking brings rewards, and so over time the value of osETH grows to reflect that rewards are flowing into StakeWise V3 validators. This means that simply holding osETH is enough to earn ETH rewards from supporting the Beacon Chain. osETH is designed to make staking very simple: get osETH into your wallet to start earning staking rewards and convert it back to ETH to cash out what you deposited & earned. Here’s what the process looks like: When the new rewards are earned by StakeWise V3 validat...
Transitioning to StakeWise V3: The Migration Plan
Development of StakeWise V3 is well underway, so it’s time to talk about the migration plans! Lots of changes are coming up, but don’t worry — this post will address any uncertainties around the transition to StakeWise V3 to make it as smooth as possible. If you’d rather listen than read, we invite you to the StakeWise Community Call on Thursday, October 27th to go over the plans together and answer any outstanding questions. With that, let’s begin! — The Big Picture. — StakeWise V3 is a wholly different system from the current iteration of StakeWise. To understand the scope of the upcoming changes, here’s a quick recap of the V3 system: At the heart of StakeWise V3 is a network of Vaults — mini staking pools that can be launched by individuals, communities, and companies to stake Ether on behalf of StakeWise users. No permission is required to launch Vaults, and users are free to choose which Vaults to stake into., Every Vault has its own Vault token, or VLT, just like every liquidity pool has its own LP token. VLTs are minted to users when they deposit ETH into the Vault to represent their stake in the Vault. As a user’s stake accumulates staking rewards over time, their VLT tokens grow in value, allowing them to redeem every VLT token for more Ether than was required to mint it. Vault commission is automatically deducted from the rewards., Holders of VLTs can make their stake liquid ...
StakeWise V3 Announcement
As an active staking ecosystem participant, StakeWise has observed first-hand the detrimental effect that stake centralization has on competition and the risk it poses for Ethereum’s security and health. So our team set out to do something about it. We are pleased to announce the development of StakeWise V3, a major upgrade to the StakeWise protocol aiming to help decentralize Ethereum. StakeWise V3 allows anyone who is capable of running Ethereum validators to participate in liquid staking and receive staking delegations from others. Whether you are a solo staker, a DeFi community, or a telekom operator, you can use StakeWise V3 to stake your own ETH, run validators for others, or both. No permission is required to join — StakeWise V3 is completely permissionless to enable a variety of individuals and organizations to support the Beacon Chain at scale. This is the only way we can achieve our mission: to maximise the health of the Ethereum ecosystem. StakeWise V3 will make the following use cases possible: anyone can join as a node operator without permission or collateral, including solo stakers;, solo stakers can mint liquid osETH tokens against their own node;, ordinary stakers can freely allocate ETH to specific node operators of their liking, including solo nodes;, DeFi users can stake by holding a liquid osETH token protected against penalties and slashing; and, institutions & crypto exchanges can create...
Announcing Launch of Opium Turbo Vaults for sETH2
We are excited to announce the launch of Turbo Vaults for sETH2 — a product developed through collaboration between the Opium Protocol and StakeWise community.Thanks to the Turbo Vaults, StakeWise users will now have the option to pursue an automated covered call selling strategy using their staked ETH tokens. In this product, sETH2 tokens are used as collateral to sell options, allowing depositors to collect option premia and thus earn a steady yield. You can deposit sETH2 into the Turbo Vault now by choosing the Vault from a list of ‘Staking” products in the Opium Finance app: https://app.opium.finance/eth/staking. Note that this strategy carries above average risk, so we recommend fully understanding the mechanics of covered call strategies before depositing funds into the Vault. The risk of the strategy is “selling” ETH at the strike price on the maturity date (every Friday) if the strike price is reached. Below we explain the mechanics of Turbo Vaults, followed by the generalized explanation of covered call strategies and their risks.How Turbo Vaults work Turbo Vaults from Opium Network allow users to deposit sETH2 as collateral for a covered call strategy on ETH, so a staking yield can be earned on top of options premia. Apart from providing additional use cases for sETH2 tokens, this naturally boosts the overall yield from pursuing the covered call strategy that was previously available only with ETH...
StakeWise Purchases Slashing Cover From Nexus Mutual
We are happy to announce that StakeWise has purchased cover for all its validators from Nexus Mutual, the leading provider of crypto protection. As a result, all capital deposited and earned via StakeWise Pool is now protected against slashing and associated losses, making our protocol considerably safer to use and ensuring that the 1:1 backing of StakeWise tokens with ETH is maintained. The cover has been purchased for 3 months as an initial trial period. This coverage from Nexus will compensate for any penalties, downtime or slashing that could be experienced by StakeWise or its node operators as a result of infrastructure and setup failure. It will also cover for the loss of staking income from the slashed and exited validators, until 17 October 2022. This will ensure that stakers’ income will be minimally affected by the slashed and exited validators. The cover doesn’t protect against the losses experienced in catastrophic scenarios (e.g., mass slashing in the network due to ETH2 client failure). The coverage cap has been set to 3 ETH per validator, which according to the team’s calculations is roughly double the size of maximum potential loss that StakeWise would experience amid a simultaneous slashing of all the protocol’s validators. As the size of maximum potential loss will increase with the number of validators created by the protocol, the StakeWise team will gradually upgrade to a policy with a larger cap (...
An Update on the Fundamentals of Staked ETH Tokens, Liquidity & sETH2
The recent liquidity crisis in the staked ETH market has unfortunately also affected StakeWise. In this blogpost, we will address the main concerns & questions the community has voiced over the past 48 hours and will share the team’s vision for StakeWise’s liquidity strategy going forward.Short recap on staked ETH token fundamentals First, let’s recap what the concept of “liquid” staking actually means. It describes a service that mints a token to represent some asset you have staked (read: locked in a Proof of Stake validator) through its platform. This token representation of one’s locked capital allows token holders to: i) instantly transfer (and sell) whatever they have previously staked to other people, ii) use staked capital as collateral for various trading purposes, and iii) receive ETH from validators by exchanging tokens for ETH at a 1:1 ratio whenever withdrawals become possible. It is this fact that locked capital can suddenly be freely transferred and used in exchange that makes staking “liquid”, and boy has this concept grown on people. Since the advent of staking on Ethereum, liquid staking protocols have accumulated nearly 5 million ETH in deposits, minting close to 5 million staked ETH tokens of various flavours. Such tokens are now traded for tens of millions of dollars in volume per day and used as collateral in lending protocols and options trading. Naturally, there exists a market w...
StakeWise Liquid Staking Now on Gnosis Beacon Chain
We are excited to finally reveal liquid staking on the Gnosis Beacon Chain (GBC) 🔥 Gnosis Chain users can now mint sGNO when they stake GNO / mGNO tokens and earn up to 18% APR wherever they go in the ecosystem. Staking rewards accrue daily in rGNO tokens, which can be reinvested back into the GBC for a compounding effect. Start staking your GNO & mGNO now: app.stakewise.io How to stake your GNOGNO liquid staking dashboard in the StakeWise app To receive sGNO and start staking, users must deposit their GNO or mGNO through the StakeWise dashboard. Follow these steps:Head to https://app.stakewise.io and connect your walletSwitch to the Gnosis Beacon Chain network by clicking on the network buttonEnter the deposit amount into the Stake interfaceConfirm the deposit transaction in your wallet Once you have completed these steps, you have started staking! Please note that your wallet must be connected to the Gnosis Chain network — the instructions on how to do this can be found here.How StakeWise works sGNO & rGNO tokens StakeWise uses a dual token model that separates staking deposits and rewards into two separate tokens. This model reflects the dynamic inside the validators and protects staking rewards from arbitrage and dilution when LPing by collecting rewards on the side. It also allows reinvesting the rewards back into staking for a compounding effect. To illustrate, upon deposit, you will receive sGN...
Building Liquid Staking for Institutional DeFi & Strategic Investment from Blockdaemon & boldstart…
Building Liquid Staking for Institutional DeFi & Strategic Investment from Blockdaemon & boldstart ventures We are excited to announce that StakeWise has joined forces with Blockdaemon, a leading node service provider serving over 100 institutional customers, to build the first liquid staking product for the institutional (permissioned) DeFi space. As part of the collaboration, StakeWise has received a strategic investment from Blockdaemon and boldstart ventures, a VC fund focused on day one investments into developer-first and crypto infrastructure startups. The new solution is targeted at financial institutions and big tech companies with strict compliance requirements who nevertheless are seeking exposure to yields offered by staking Ethereum & utilizing staked capital in DeFi. A range of institutional customers have already expressed interest in using the product, which is set to launch at the end of 2Q 2022. The launch of testnet, and the first validators is set for this week. This will give prospective customers the chance to test out the features in a safe, early environment ahead of the mainnet launch. The StakeWise development team believes that institutional involvement in staking & DeFi is the expected next phase of flows into Ethereum, and StakeWise can become a key player in this market. By providing an institutional-grade product, StakeWise will be able to stay on top of the trend and unlock cons...
A New Era for StakeWise — Decentralizing the Architecture
A New Era for StakeWise — Upgrading to A Decentralized Architecture Join Blockdaemon, Figment, and others in running nodes for the StakeWise DAO. After months of development & a successful audit, the time has come for StakeWise to unveil its bid for a decentralized, high-growth, multi-chain future. We are excited to announce Metro — a decentralized architecture that allows external node operators to host StakeWise validators, partake in staking & MEV rewards, and seamlessly follow the protocol to other chains, all based on a single infrastructure package. Below we break down the key features of Metro and lay out the vision for a decentralized future for StakeWise.Improved, decentralized architectureA high-level overview of the ecosystem StakeWise is building. To help the protocol scale & become even more secure, Metro makes it possible for external node operators to join StakeWise and run validators for the StakeWise DAO. Parties that are interested in joining as node operators can utilize the deployment package developed & open-sourced by the StakeWise core team to launch institutional-grade infrastructure out-of-the-box. This enables anyone to apply for running nodes in the StakeWise DAO, in exchange for earning a share of staking rewards, network tips & MEV (after the Merge), all without a significant start-up cost and helping to decentralize the network.We are excited to share that Blockdae...
Announcing New SWISE/sETH2 Liquidity Pool
In the past few weeks, the StakeWise community has rallied behind the idea of deploying a Uniswap V3 pool for SWISE/sETH2 token pair and quickly developed it from a concept into a proposal. Following a successful DAO vote to allocate 500,000 $SWISE of incentives towards this farm, the core contributor team is excited to announce that the SWISE/sETH2 pair (0.3% trading fee) is now live on Uniswap V3 and the farming program has now started! Link to the SWISE/sETH2 (0.3% trading fee) pool is here: https://info.uniswap.org/#/pools/0x992f534fcc87864875224d142d6bf054b1882160 Note that only the Full Range positions will be eligible for farming SWISE. It means that this pool is likely to function like a Uniswap V2 pool, where liquidity is provided across the full range of prices. To learn about how to provide liquidity in this pool, read below!The new SWISE/sETH2 pool is now live on Uniswap V3!Benefits of the SWISE/sETH2 pool to StakeWise and LPs The new pool is expected to bring deeper liquidity for the SWISE token and will become its key trading venue going forward. LPs in the pool will continue earning staking rewards from their position’s sETH2 balance, and will earn SWISE farming rewards and trading fees on the total position. Despite being paired with sETH2, the SWISE token can actually be bought and sold for ETH, USDC, DAI and any other token trading on Uniswap thanks to its routing mechanism. If routed, the trades will ...