Stakewise

**Ethereum's PeerDAS upgrade launches in approximately 3 weeks**, delivering the network's biggest scalability improvement since Layer-2 rollups. **How PeerDAS Works:** - Splits transaction data into **128 pieces** instead of sending full data to every node - Each validator only stores and verifies **8 out of 128 pieces** (1/16th of original data) - Uses **erasure coding** - data can be fully reconstructed from just 50% of pieces - Reduces storage requirements from 768kb to **96kb per validator** **Key Benefits:** - **8x network throughput increase** without hardware upgrades - Maintains **decentralization** by keeping home stakers viable - Applies specifically to **Layer-2 blob data**, amplifying L2 transaction capacity - Preserves full data availability and security guarantees **Technical Innovation:** Nodes are organized into 128 gossip networks, each responsible for one data piece. Every validator participates in at least 8 groups, ensuring redundancy while dramatically reducing individual resource requirements. This upgrade addresses Ethereum's core challenge: scaling transaction volume while keeping validation accessible to independent operators, not just large institutions with expensive hardware.

**StakeWise DAO successfully recovered majority of stolen funds** from the Balancer V2 exploit through emergency multisig operations. **Recovery Details:** - Recovered ~5,041 osETH (~$19M) - representing 73.5% of stolen tokens - Recovered 13,495 osGNO (~$1.7M) - 100% of stolen osGNO - Total recovery: **$20.7M in stolen assets** **What Happened:** - Attacker had converted remaining osETH portion to ETH before recovery - Emergency multisig executed series of transactions within hours of exploit - Full osGNO recovery achieved on Gnosis Chain **Next Steps:** - Recovered funds will be **returned to affected users** - Distribution based on pro-rata pre-exploit balances - Full post-mortem and detailed operation account coming soon Collaboration with Balancer, Gnosis Chain teams, and security experts enabled the swift recovery operation.

**StakeWise successfully recovered majority of stolen funds** from the Balancer V2 exploit through emergency multisig action. **Recovery Details:** - Recovered ~5,041 osETH (~$19M) - representing 73.5% of stolen tokens - Recovered 13,495 osGNO (~$1.7M) - 100% recovery - Total recovery: **$20.7M** **What Happened:** - Attacker converted remaining osETH to ETH, preventing full recovery - StakeWise smart contracts remained unaffected throughout - Emergency response executed within hours **Next Steps:** - Funds will be **returned to affected users pro-rata** - Distribution based on pre-exploit balances - Full post-mortem report coming soon The swift recovery demonstrates the effectiveness of emergency protocols in DeFi, though highlights the challenge of recovering assets once converted by attackers.

**Urgent security notice for osETH-aETH liquidity providers on Balancer V3 pools.** **Immediate action required:** - Remove all assets from Balancer pools immediately - Withdraw funds to your personal wallet - Revoke all contract approvals While V3 pools like osETH-aETH appear unaffected by the current exploit, the protocol is taking precautionary measures to protect user funds. **This is a temporary safety measure** - users should act quickly to secure their assets until the situation is resolved.

StakeWise has released **Vaults v4.0**, introducing significant improvements to their Ethereum staking platform. **Key Features:** - **0x02 validators** for faster withdrawals and higher rewards - **MetaVaults** - distribute stake across up to 50 sub-Vaults in custom proportions - Enhanced customization options for vault management - Improved contract efficiency with rigorous security audits The upgrade leverages Ethereum's fast lane EL withdrawals and increased validator maxEB to deliver **shorter withdrawal times** and **better staking rewards**. MetaVaults enable sophisticated stake allocation across 100+ operators, offering flexible management for complex staking setups. New customization features allow users to change vault admins, edit fees, and assign separate wallets for different roles - addressing commercial and operational needs. All contracts have been audited by ABDK Consulting for security assurance. [Read the full release article](https://stakewise.medium.com/vaults-v4-0-optional-upgrade-now-available-23a41a37afbd)

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 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)

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.*

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'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)