Vote for StakeWise in the EigenLayer contest!
Vote for StakeWise in the EigenLayer contest!
StakeWise is currently leading the charts with over 300K votes in the EigenLayer contest. There are only a few days left to show support and secure the win. Follow the guide below to cast your vote.
Only a few days left now to show your support for StakeWise in the EigenLayer contest! 🗳️ We are currently leading the charts with over 300K votes, but the race is not over yet ⚡️ Let’s get as many votes as we can to guarantee the win - follow the guide below to cast yours!
We have published detailed instructions on how to vote in the @eigenlayer LST contest and why it is important to vote 🚨 If you still haven't voted, follow this guide to cast your vote and find answers to the most frequent questions! #DoItForStakeWise stakewise.medium.com/vote-for-stake…
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.*
StakeWise DAO Monthly Budget Update and Migration Vote
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](https://vote.stakewise.io/#/proposal/0x9bb996c0acc884225d8de827a443b71d8da317daa554dc5d8567f5b38ab8ae26)
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)