What Is Stakewise? (SWISE) Complete Guide Review About Stakewise.

What Is Stakewise?

The Stakewise Coin is governed by the DAO, which uses SWISE governance token to vote and incentivize the adoption of the protocol. SWISE holders control the protocol parameters (e.g. fees, criteria for placement in the activation queue, choice of node operators, Treasury disbursements etc.) via frequent voting based on the Improvement Proposals (SWIPs). 51% of the SWISE supply will be allocated to the community between 2021 and 2025 in order to achieve real community-led governance.

Non-custodial in nature, the protocol tokenizes stakers’ rewards separately from the deposits, allowing to apply staked ETH capital in DeFi, reinvest (compound) the returns and manage staked capital more efficiently. They also employs several mechanisms for boosting the staking APR and rewards users in its native token for liquidity provision and choosing thus putting yield and stake liquidity into focus.

Stakewise Coin Storage Key Points

Earn rewards from staking Ether

By Stakewise depositing ETH into you will participate in Ethereum 2.0’s Proof-of-Stake consensus mechanism (staking) and receive ETH rewards in return.

Maximum stability & uptime

The node operators run a highly available and secure infrastructure to ensure validators are never penalized.

DeFi strategies

StakeWise is integrated with many DeFi projects that can help you boost your staked ETH earnings.

Real-time monitoring

Stakewise Coin provides comprehensive details about validators to keep you aware of rewards & performance.

Integration with your application

API and smart contracts can be integrated into your application to help your users stake ETH effortlessly.

The solution

Stakewise I value both my ETH and its custody… but I also want to profit from hodling it… so I have been looking for a while now a way to stake my ETH in a fully non-custodial way.

I found the solution to that with Stakewise (https://stakewise.io/) :

• From there you can stake your hard earned ETH in just a few clicks while keeping full custody of it, starting with as little as 0.001ETH.
• The APY currently is around 6% (has been between 6% and 6.5% consistently for the past months)
• Takes appropriate measures to avoid any slashing/penalties (penalties you would get if your node goes offline)
• The charges a 10% fee on the rewards if you stake less than 32ETH, and 10$/month if you stake 32ETH. This, primarily in order to “compensate for the costs of developing, running, and maintaining the infrastructure and smart contracts that underpin the platform”.

Withdrawal

Upon Phase 2, holders of sETH2 and rETH2 will be able to exchange their tokens for ETH from the StakeWise Pool by burning their tokens. The exchange will happen at a 1:1 ratio, where sETH2 and rETH2 can be exchanged for 1 ETH each.

Join staking pool

Deposit ETH together with others to share a validator.

•  No limits – stake any amount
•  Track your earnings in real time
•  Use your stake in DeFi with tokens

Tokenized staking

Stakewise Coin Explore the world of DeFi together with! They mint Deposit Tokens and Reward Tokens for every ETH you deposit & earn. Use them to store, exchange and transfer your deposit & rewards in just about any protocol and wallet that supports ERC-20.

•  Enables exit from staking before Phase 2
•  Opens opportunities to generate additional yield

Adding flexibility to Ethereum 2.0 staking

The Ethereum 2.0 upgrade is aimed at addressing the smart contract platform’s scalability, speed, and efficiency, and is being rolled out in three phases. ETH staked on Eth2 cannot be redeemed until the implementation of shard chains in the first phase, later this year—meaning that a user’s ETH, once staked, cannot be used until the upgrade is completed.

Alternatives

Stakewise Other decentralized solutions exist : RocketPool for the well-known one (supposed to launch in Q1 but still in beta), or Bloxstaking (which requires 32ETH minimum) but AFAIK no other than yet have the full :

• non-custodial feature
• less than 32ETH to access
• low fee (10% which is arguable, but the cheapest for now)

Token

It also uses a token system—the $SWISE token—that shares staking profits among all users and allow holders to govern the platform major decisions, such as node operators, fees and commissions within the protocol, Treasury allocations, and Insurance Fund parameters to payback users in case of an exploit or hack.

Stakewise Coin 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. 30% of the available $SWISE has already been claimed by early stakers so far.