what's stakewise?
StakeWise is a decentralized liquid staking protocol built on Ethereum, designed to enable users to stake their ETH while maintaining liquidity through tokenized representations of staked assets. It allows participants to deposit ETH into vaults operated by a network of node operators, promoting greater decentralization of the Ethereum beacon chain. The protocol issues liquid staking tokens like osETH, which can be seamlessly integrated into DeFi ecosystems for lending, trading, or yield farming without locking up funds. At its core, StakeWise separates staking deposits from rewards via distinct tokens: osETH for principal stakes and rETH for accruing rewards, both redeemable 1:1 for ETH plus rewards upon unstaking. Governance and protocol upgrades are managed through the SWISE token, empowering the community to vote on key decisions such as operator selection and fee structures. This architecture supports solo staking options alongside pooled staking, ensuring accessibility for retail users while scaling for institutional participation.
Stakewise launched new LST pools on Balancer V3.
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ethereum
Launched new LST pools on Balancer V3.
Released a redesigned user interface for the StakeWise app with updated visual styling.
StakeWise recovers the stolen funds by burning stolen osETH/osGNO tokens and reminting them to DAO wallets, raising centralization concerns.
Total losses from Balancer V2 exploit reach ~$120M, with SlowMist identifying the root cause as precision loss vulnerability in Composable Stable Pool's fixed-point arithmetic that attackers exploited through repeated small osETH swaps.
StakeWise protects €3M in assets through swift action during the Balancer attack response, while Gnosis Chain validators execute a soft fork to prevent hackers from extracting funds and bridges resume operations.
Team recovers 5,041 osETH worth $19.3 million from the Balancer hacker through contract calls, reducing total stolen assets from $117 million to $98 million.
73.5% of funds stolen via Balancer V2 exploit have been recovered in collaboration with Balancer and Gnosis Chain teams.
Team successfully prevented attackers from accessing stolen GNO following a Balancer hack on Gnosis Chain.
StakeWise DAO executes successful recovery of ~5,041 osETH (~$19M, representing 73.5% of stolen funds) and full recovery of 13,495 osGNO (~$1.7M) from Balancer exploiter. Recovered funds to be returned pro-rata to affected users.
StakeWise confirms its smart contracts for osETH and osGNO remain unaffected by the Balancer V2 exploit.
Whale account 0x009, dormant for 3 years, withdraws $7.38M worth of assets from Balancer following the exploit, while Balancer has not issued any official statement yet.
Balancer exploit total increases to $110-117M across Ethereum, Base, OP, Sonic, Polygon, and Berachain chains. Hacker actively converts stolen osETH to ETH (10 osETH swapped for 10.55 ETH).
Balancer protocol suffers $70M+ exploit draining 6,851 osETH (~$27M), 6,587 WETH, and 4,260 wstETH to a fresh wallet, with warnings issued for osETH-aETH LPs to remove assets immediately and revoke all approvals.
The DAO advances toward using 100% of revenue for token buybacks with discussion period ending soon, expanding beyond prior monthly buyback proposal.
DAO votes on two proposals: Vaults v4 upgrade enabling Pectra support and new Liquidity Committee budget request.
DAO considers implementing $200,000 monthly token buybacks, representing new treasury utilization strategy.
DAO treasury demonstrates $170,000 monthly spending capacity through 35 osETH allocation.
osETH experiences surge in whale activity, ranking among top 10 crypto assets with highest weekly increase in $100K+ transactions.
Node operators protected from recent rate volatility; current MCAP/TVL ratio at 0.01
Token trading volume remains at $14k despite billions in TVL and reducing sell pressure, indicating significant market inefficiency.
NodeOperators Vault accumulates 25K+ staked ETH, while governance vote proceeds on enabling 100% LTV minting feature.
Private Node Operators Vault TVL surges from 100 ETH to 13,500 ETH in 12 days, marking 135x growth.
New Boosted osETH-ETH pool launches on Balancer with ETH-denominated APY incentives, replacing legacy pool.
LP incentives are migrating to new pool structure, affecting osETH-ETH liquidity providers.
LP incentives relocating to new capital-efficient osETH-ETH pool on April 28th, featuring Aave lending integration and mixed token rewards.
Only liquid staking platform showing growth in staked assets over past 90 days.
V2 and Solo staking services will be discontinued on June 1, 2025, ending all reward generation for sETH2/rETH2 and sGNO/rGNO tokens.
TVL reaches all-time high of 326,336 ETH, indicating record protocol adoption.
Serenita.io maintains position as top-performing Ethereum node operator across entire network.
New Merkle Distributor enables multi-token reward distribution including $SWISE, $osETH, $SSV, $OBOL, $WETH, and $USDC.
Active scam attempts targeting users via fake emails, seed phrase requests, and Zoom calls. Official communications will never request private keys or third-party software downloads.
Genesis Vault adopts Obol Distributed Validators, upgrading infrastructure for largest liquid staking vault.
New Distributed Validator integration enhances staking security and introduces additional OBOL token rewards.
New Boost dashboard shows nearly double staking rewards compared to regular staking.
Received $100M new TVL in past 14 days as of February 2025.