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
馃彟 Banks Obsolete? StakeWise
**StakeWise** positions itself as a complete banking alternative through its liquid staking ecosystem. Key features include: - **Solo staking** with osETH minting for DeFi opportunities - **Permissionless withdrawals** using pre-generated validator signatures - **Dual governance** system with independent Vault contracts - **Immutable osETH** token contract for long-term stability - **11-participant Oracle Network** across multiple jurisdictions Users can stake ETH, mint liquid staking tokens, borrow against positions, trade in DeFi, and spend earnings through non-custodial cards via MetaMask and Gnosis Pay. The protocol has reached **90,000 ETH** staked and offers multiple staking options from solo to third-party operators.
馃殌 StakeWise Vaults Upgrade
StakeWise is launching major vault improvements in 3 days, introducing **0x02 validators** for faster staking and unstaking processes. Key upgrades include: - **MetaVaults** - stake across multiple top vaults simultaneously - Enhanced customization options for vault setup - Improved validator technology for better performance The upgrade promises to streamline the staking experience with more flexibility and speed for users managing their Ethereum staking positions.
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.*