StakeWise DAO Monthly Budget Update and Migration Vote
StakeWise DAO Monthly Budget Update and Migration Vote
馃挵 DAO's Treasure Chest Opens
StakeWise DAO has confirmed a monthly operational budget of approximately 35 osETH ($170,000). This announcement comes alongside a significant governance vote for an Incentivized Migration Request involving ~15,000 ETH.
The migration proposal aims to:
- Compensate a major node operator for transferring 459 validators to StakeWise Vaults
- Provide vested SWISE tokens as additional incentive
- Facilitate protocol growth through validator consolidation
Community members holding SWISE tokens can participate in the vote at StakeWise Governance
StakeWise DAO can comfortably spend ~35 osETH (~$170,000) per month on whatever 鈿★笍 make of this what you will
Record-Breaking Deposit Made to StakeWise Protocol
A new milestone has been reached in the StakeWise protocol with the largest single deposit ever recorded. This follows significant activity in September 2023, when unusual withdrawals totaling $13.7M ($3.9M in USDT and $9.8M in ETH) were made to a previously inactive account. - New record deposit marks growing confidence in liquid staking - Previous notable activity: $13.7M withdrawal in September 2023 - Pattern suggests increasing institutional interest in protocol *This development indicates evolving dynamics in the liquid staking sector.*
Ethereum's Institutional Growth Balanced with Core Mission
While institutional adoption of Ethereum continues to grow, the community emphasizes maintaining focus on the network's fundamental vision: - Building a **decentralized system** resistant to corporate control - Developing **trustless infrastructure** for finance, AI, and internet - Ensuring the network remains **incorruptible and open** The increasing institutional interest, while positive, should not overshadow Ethereum's core mission of creating unstoppable, decentralized infrastructure. Staking plays a crucial role in maintaining this vision. *The work continues as the ecosystem balances growth with decentralization principles.*
StakeWise Node Operators Vault Reaches 25K ETH Milestone
The StakeWise Node Operators Vault has accumulated over 25,000 staked ETH within weeks of launch. SWISE token holders are now voting on a proposal to enable 100% LTV (Loan-to-Value) minting of osETH from the Vault. Key points: - Proposal aims to accelerate vault growth - Follows successful migration of 459 validators - Previous migration request handled ~15,000 ETH **Vote Links:** - [Forum Proposal](https://forum.stakewise.io/t/swip-32-allow-100-oseth-minting-in-the-nodeset-private-vault-on-ethereum/1905) - [Snapshot Vote](https://v1.snapshot.box/#/stakewise.eth/proposal/0x2382a6cbb479ae1dedc96998e9af9e408a6fe681bc2f392174b5ee19c7d45b14)
StakeWise Private Node Operators Vault Shows Remarkable Growth
StakeWise's Private Node Operators Vault has demonstrated significant growth in Total Value Locked (TVL): - April 26: 100 ETH - May 8: 13,500 ETH This represents a 135x increase in just 12 days, making it one of the fastest-growing staking pools on Ethereum. This follows StakeWise's overall growth trend, with their total protocol TVL reaching 326,336 ETH in April. [Track StakeWise metrics on Dune Analytics](https://dune.com/guru16tx/stakewise)