As an active participant in the staking field, StakeWise has firsthand experience with stake centralization's detrimental effects on the Ethereum's ecosystem.
V3 is a significant protocol upgrade designed to enhance Ethereum's decentralization by actively encouraging the reallocation of new Ether inflows towards smaller but quality operators, and increasing the participation of solo operators in the network.
The protocol abstracts away the technical complexity of running staking infrastructure and removes entry barriers for the users, allowing to generate yield from ETH staking with just a couple of clicks.
With V3, StakeWise enables liquid staking for solo operators, and creates a node operator marketplace to help discerning and mission-driven users to choose their own staking providers.
There is no minimum ETH requirement to stake through the pools
StakeWise V3 is completely permissionless to enable a variety of individuals and organizations to support the Beacon Chain at scale. Anyone capable of running Ethereum validators can now engage in liquid staking and receive staking delegations from various sources.
Whether you're an individual staker, a DeFi community, or a telecommunications operator, StakeWise V3 empowers you to stake ETH, run validators for others, or both.
At the heart of the protocol lies a network of Vaults — individual staking “marketplace” that anyone can set up to accept Ether delegations in return for a staking fee. Vaults can be formed by either a single party running the nodes or multiple parties working together.
For every 32 Ether of deposits accumulated in a Vault, the Vault operator(s) registers an Ethereum validator in the Beacon Chain and starts staking.
The staking rewards belong to the Allocators, net of the staking fee charged by the Vault. Every Vault can set its own staking fee.
Upon deposit, Allocators receive Vault Tokens (VLTs) - an ERC-20 repricing token that represents the Ether staked in the Vault. Every Vault has its own set of VLTs that reflect only the capital specific to that Vault.
For example, there can be Vaults formed by the existing StakeWise node operators, a group of solo stakers using Distributed Validator Technology (DVT) from Obol or SSV, a single solo staker or even a mix between solo stakers, communities, and organizations of any kind.
The Vaults network is the foundation for decentralised staking in StakeWise V3, but it’s not the only innovation:
StakeWise has the ability to generate an overcollateralized staked Ether token, osETH, to access DeFi and have instant liquidity for staked capital. A liquid ERC-20 token representation of staked capital that uses Vault Token(s) as collateral. It can be minted by anyone who has staked Ether into the Vault(s) - including the solo stakers - or it can be bought/sold on decentralized exchanges.
The token accrues staking rewards when held, which is reflected in the changing redemption value over time, like wstETH from Lido or rETH from Rocket Pool.
Users are free to un-stake at any time or utilise their staked ETH capital to earn enhanced yields throughout DeFi.
Anyone can deposit any amount of ETH into our StakeWise Pool! Start now:
The StakeWise V3 upgrade allows any entity to offer highly-regulatory compliant, non-custodial staking as a service.
StakeWise allows institutions & exchanges to work only with the node operators and staking clients of their choice by creating their own private Vaults.
In this case, the Vault tokens produced by staking into the Vault act as representations of staked Ether for which the organization can itself enable liquidity & utility within its ecosystem. In case the organization wants to access the wider DeFi market and enjoy more liquidity & utility for staked capital, it can mint, or allow its customers to mint, osETH tokens to do so.
Customize the staking configuration based on compliance needs.
No token requirement. Neither the exchange nor the node operator need to post collateral or bond.
Create as many private pools as necessary to segregate client funds.
There is no minimum or maximum staking amount.
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Docs:
V3 Announcement:
V3 Litepaper: