|All Time High:|
|Market Cap: |
|The price of #SETH2 today is $1,873 USD.|
The lowest SETH2 price for this period was $0, the highest was $1,873, and the exact current price of one SETH2 crypto coin is $1,873.38288.
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 ETH 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 2 years old.
|The current market capitalization for sETH2 is not available at this time.|
sETH2 is ranking downwards to #1890 out of all coins, by market cap (and other factors).
|The trading volume is medium during the past 24 hours for #SETH2.|
Today's 24-hour trading volume across all exchanges for sETH2 is $464,777.
|The total supply of SETH2 is 78,605 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.|
Road to V3 Mainnet: An Epic Journey Unfolds
Road to Mainnet: An Epic JourneyÂ Unfolds - A huge round of applause once again for the incredible Shapella fork, everyone! đ As we still revel in this fantastic milestone for the wider Ethereum community, itâs time to share more details about the final steps to StakeWise V3, the most groundbreaking update to our protocol since its inception inÂ 2021. Without further ado, letâs dive into the next steps on our road toÂ mainnet! — Estimating the Release Date: A Tale of Milestones đď¸ - StakeWise V3, a monumental upgrade to the current StakeWise stack, brings a fresh approach to liquid staking on Ethereum. Given the intricate nature of the system, the time required for completion, auditing, and thorough testing isnât easy to predict, making it challenging to set an exact releaseÂ date.A visual representation of the road to mainnet for StakeWise V3 To tackle this uncertainty, we focus on development milestones, rather than dates. Each milestone marks another stride towards the mainnet release, and tracking the remaining milestones helps us gauge our progress. Today, weâre happy to share our teamâs vision of these milestones with the StakeWise community. Our hope is that understanding the remaining milestones will enable the DAO to align on shared objectives and attract an influx of interest in StakeWise V3 from the broader staking public ahead of itsÂ release. — Product Milestones: The Building BlocksÂ...
StakeWise Announces Launch of Atlantic, a Closed Testnet for StakeWise V3
Today we are excited to announce the launch of Atlantic, a closed testnet for StakeWise V3! This is a huge milestone for StakeWise, as we get one step closer to offering universal access to liquid staking to Ethereum users and break the pattern of centralization happening on theÂ network. Read on to learn more about the purpose and goals for the Atlantic testnet, as well as our approach to the steps that comeÂ next. — StakeWise V3 and the purpose of AtlanticÂ testnet - StakeWise V3 is a permissionless protocol offering stakers of all kinds the ability to run nodes, stake own capital, and receive ETH deposits, all while maintaining access to the liquid staking ecosystem on Ethereum. The modular architecture of StakeWise V3 allows users to secure the network in a way they find the most convenient. Some options include staking ETH with one click to receive a slashing-resistant liquid staking token, choosing among the different operators in a Vaults Marketplace, or running solo liquid nodes to support the network fromÂ home. As we aim to bring StakeWise V3 to the many users previously sidelined from participating in liquid staking, it is important that we thoroughly stress-test the different novel parts of the protocol before mainnet release. This is where the Atlantic testnet comesÂ in. — Atlantic Testnet - The purpose of the Atlantic testnet is to provide a controlled environment in which any potential issues are ide...
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, itâs time to look at how osETHâââthe overcollateralized staked ETH token within V3âââwill 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 BeaconÂ Chain. Letâs dive into part one and learn more about the osETH fundamentals! — A token for liquidÂ staking - Early logo of osETH, StakeWise V3âs overcollateralized staked EtherÂ token First things first: what isÂ 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 amountÂ 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 BeaconÂ 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 &Â earned. Hereâs what the process looksÂ 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 itâs time to talk about the migration plans! Lots of changes are coming up, but donât worryâââthis post will address any uncertainties around the transition to StakeWise V3 to make it as smooth as possible. If youâd 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, letâsÂ begin! — The BigÂ Picture. — StakeWise V3 is a wholly different system from the current iteration of StakeWise. To understand the scope of the upcoming changes, hereâs a quick recap of the V3Â system: At the heart of StakeWise V3 is a network of Vaultsâââmini 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 stakeÂ 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 userâs 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 theÂ 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 Ethereumâs security and health. So our team set out to do something aboutÂ 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, orÂ both. No permission is required to joinâââStakeWise 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 soloÂ stakers;, solo stakers can mint liquid osETH tokens against their ownÂ node;, ordinary stakers can freely allocate ETH to specific node operators of their liking, including soloÂ 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 sETH2âââa 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 ETHÂ tokens. In this product, sETH2 tokens are used as collateral to sell options, allowing depositors to collect option premia and thus earn a steadyÂ yield. You can deposit sETH2 into the Turbo Vault now by choosing the Vault from a list of âStakingâ 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 âsellingâ ETH at the strike price on the maturity date (every Friday) if the strike price isÂ reached. Below we explain the mechanics of Turbo Vaults, followed by the generalized explanation of covered call strategies and theirÂ risks.How Turbo VaultsÂ 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 withÂ 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 trialÂ 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 stakersâ income will be minimally affected by the slashed and exited validators. The cover doesnât 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 teamâs calculations is roughly double the size of maximum potential loss that StakeWise would experience amid a simultaneous slashing of all the protocolâs 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 teamâs vision for StakeWiseâs liquidity strategy goingÂ forward.Short recap on staked ETH token fundamentals First, letâs recap what the concept of âliquidâ 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 oneâs locked capital allows token holdersÂ to: i) instantly transfer (and sell) whatever they have previously staked to otherÂ 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 âliquidâ, and boy has this concept grown onÂ 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)Â đĽ 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 yourÂ 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 theseÂ steps:Head to https://app.stakewise.io and connect yourÂ walletSwitch to the Gnosis Beacon Chain network by clicking on the networkÂ buttonEnter the deposit amount into the Stake interfaceConfirm the deposit transaction in yourÂ wallet Once you have completed these steps, you have startedÂ staking! Please note that your wallet must be connected to the Gnosis Chain networkâââthe instructions on how to do this can be foundÂ here.How StakeWise works sGNO & rGNOÂ 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 & boldstartâŚ
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 mainnetÂ 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...