The StakeWise is governed by the StakeWise DAO, which uses SWISE governance token to vote and incentivize the adoption of the protocol. SWISE holders control the protocol parameters (e.g. fees, criteria for placement in the activation queue, choice of node operators, Treasury disbursements etc.) via frequent voting based on the StakeWise Improvement Proposals (SWIPs). 51% of the SWISE supply will be allocated to the community between 2021 and 2025 in order to achieve real community-led governance.
Non-custodial in nature, the protocol tokenizes stakers’ rewards separately from the deposits, allowing to apply staked ETH capital in DeFi, reinvest (compound) the returns and manage staked capital more efficiently. StakeWise also employs several mechanisms for boosting the staking APR and rewards users in its native token for liquidity provision and choosing StakeWise, thus putting yield and stake liquidity into focus.
Best in class pricing with no compromise on security
In early March 2021, the protocol raised $2 million in a private fundraising event to release its governance token SWISE. In the private sale, Greenfield was one of the main investors, alongside Collider Ventures, Gumi Cryptos, and Lionchain Capital. The launch of the token now brings an entirely new DAO Governance protocol to the entire platform, putting the direction of StakeWise into the hands of the users.
Explore the world of DeFi together with StakeWise! They mint Deposit Tokens and Reward Tokens for every ETH you deposit & earn. Use them to store, exchange and transfer your deposit & rewards in just about any protocol and wallet that supports ERC-20.
Lastly, it is important to mention that StakeWise has implemented multiple security features. Their banking grade infrastructure has already been mentioned, and this provides users with the security of knowing that they are very unlikely to face any downtime penalties with staking through StakeWise – giving them the confidence they will be earning the maximum returns without having the responsibility of operating the nodes.
In addition to this, StakeWise has also had their smart contracts audited to ensure that their code is safe from bugs. Runtime Verification conducted their audit in December 2020 and the results from the audit can be viewed here.
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For further information about the project, its features, plans or cooperation please contact us on any of the below.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.