- StakeWise V3 deployed on Gnosis Chain eight months after
going live on Ethereum mainnet
LONDON, July 26, 2024 /PRNewswire/ -- StakeWise,
which provides liquid staking for DeFi natives, solo stakers, and
institutions on Ethereum and Gnosis Chain, today releases the
latest iteration of its liquid staking protocol, StakeWise V3
("V3"), on Gnosis Chain. The deployment of Stakewise V3 on Gnosis
Chain, which comes less than a year after it went live on Ethereum
mainnet, simultaneously created a staking marketplace offering
permissionless access to osGNO, a new liquid staking token.
Prior to the launch of V3 on Gnosis Chain, StakeWise had been
operating V2 and amassed over 73,000 GNO in deposits, equivalent to
approximately 40% of the network's staked assets. GNO is the
staking token of Gnosis and the governance token for the
GnosisDAO.
Commenting on V3's launch on Gnosis Chain, Kirill Kutakov,
Core Contributor and Co-Founder of StakeWise said,
"Thanks to StakeWise V3, users and organizations that run own
validators no longer face the trade-off between supporting network
decentralization and participating in the latest DeFi product -
they can do both now. We hope that granting universal access to a
liquid staking token and creating an open staking marketplace will
lead to a more decentralized and robust network, especially in
light of low bond requirements of1 GNO per validator on Gnosis
Chain."
Armagan Ercan, Validator Lead
at Gnosis added, "We welcome the deployment of
StakeWise V3 on Gnosis Chain, as this aligns with our approach
towards making Gnosis Chain credibly neutral by having a diverse
community of validators. With V3, stakers on Gnosis Chain not only
have greater control over their node operations, but will also have
access to enhanced rewards."
Liquid staking has become the preferred way to stake digital
assets for blockchain users, with over 40% of all ETH and GNO
staked in liquid staking protocols. However, such services require
stakers to delegate their assets to third-party node operators that
service them.
V3 enables any individual or entity running Gnosis Chain
validators to receive osGNO tokens for liquid staking while running
their own nodes without delegating assets to anyone. V3 also
enables the creation of isolated staking pools, known as Vaults, to
allow non-custodial delegations by users who cannot run nodes on
their own.
As a result, stakers can either run their own nodes or choose
from a range of node operators in the Vaults marketplace, picking
the best option based on APY, uptime, server infrastructure, and
fees. No matter their preference, stakers always have the ability
to mint osGNO for liquid staking.
The key features of StakeWise V3 on Gnosis Chain are:
- Stake any amount of GNO and earn rewards
- Select among different staking pools in
the StakeWise Vaults marketplace to find the best
GNO staking deals
- Mint osGNO for liquid staking
- Autocompound GNO rewards into new validators
- Unstake at any time (subject to the network exit
queue)
Current users of V2 on Gnosis Chain can migrate their sGNO and
rGNO tokens to move their staked assets to V3.
The deployment of StakeWise V3 on Gnosis Chain comes on the
heels of growing StakeWise adoption on the Ethereum mainnet.
MetaMask has recently chosen StakeWise to power its new Pooled
Staking service, while Nexus Mutual DAO voted to allocate about
5000 ETH from its treasury to staking with Chorus One using
StakeWise.
Kirill Kutakov, Core Contributor and Co-Founder of StakeWise
and Armagan Ercan, Validator Lead at
Gnosis is available for interviews.
About Gnosis
Gnosis is developed by a world-class
team of leading forces in blockchain and payments. The Gnosis Chain
is architected with community ownership, resilience, and credible
neutrality at its core. The highly decentralised network is secured
by 200K+ validators and 2K+ nodes, across 70 countries and 5
continents.
Website | X (Twitter) | Discord | Substack | Blog
About StakeWise
StakeWise is a protocol pioneering
universal access to liquid staking tokens. Thanks to StakeWise,
ordinary users and institutions alike can stake ETH and GNO on any
node and in any configuration while keeping their stake liquid via
osETH and osGNO tokens. StakeWise launched in 2021 and has amassed
over $350M in staked assets to date
across Ethereum and Gnosis Chain.
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