Welcome to the July edition of New Epoch, your monthly digest for all things StakeWise!
The beginning of summer has been an outstanding for StakeWise and we are thrilled to share some developments with you.
Grab your favorite beverage, and let’s dive into what’s been cooking in the StakeWise kitchen 🥩 in the past month:
🌉 $osETH expansion to Arbitrum
🏆 DAOs like $osETH
🦊 MetaMask partnership goes live
Let’s dive in!
😜 Ahhhh I’m bridgingggg
The osETH expansion to Arbitrum officially took place in June!
The first osETH liquidity pools have been deployed on Balancer and Ramses Exchange on Arbitrum, with more integrations on the way.
If you’re just chilling with some osETH in your wallet, consider supercharging your rewards by dipping your toes in these new opportunities. Providing liquidity to osETH on Arbitrum is now one of the safest ways to boost your staking yield — you are looking at a mouth-watering 25–50% yield in $ARB, a highly liquid token 🤑.
So if this sounds like a plan, head over to Balancer or Ramses Exchange, and deploy your liquidity!
Of course don’t forget to first bridge some ETH and osETH to Arbitrum — here’s our step-by-step guide on how to do it and start LPing in these new pools. Have fun! 🏝️
From hibernation 😴 to celebration 🥳
The holiday season might be in full swing, but there is no rest for the wicked!
StakeWise has reached out to multiple DAO Treasuries and DeFi protocols about staking their ETH, and the response we received has been nothing short of amazing 🤑.
Nexus Mutual DAO, the leading decentralized insurance protocol, has voted in favour of moving ~5K ETH from their Treasury into the Chorus One Vault on StakeWise. With 75% of NXM votes in favour, it was an incredible show of confidence in the Chorus One team and StakeWise. We are eagerly awaiting for a DAO vote to make an on-chain deposit 💰 into the Vault and kick things off!
Aave DAO, the top lending market on multiple networks, has passed a temp-check vote on moving 20% of its Treasury’s stETH into ETH and then into their own StakeWise Vault! The goal as outlined in the proposal is to stake Treasury’s ETH on the solo nodes of Aave DAO contributors, and tap osETH in order to leverage stake using Aave’s own money market. We’re super excited about this approach and will be watching out for the final vote on the matter 🗳.
Ronin Bridge and its associated chain have outlined a technical proposal for using a StakeWise Vault to stake the ETH locked in the bridge! Not only this would generate some rewards for the bridge operator; it would also enable the minting of strETH, Ronin’s own LST, on the chain, and allow a whole new ecosystem to emerge around it! 🌏
Our understanding is that the implementation of this REP is pending one final look by the technical team — fingers crossed!
Foxes 🦊 are getting wiser
You know MetaMask right? One of the biggest self-custodial wallets in the entire web3 space? The one with the 🦊 logo? The one that probably sits in your browser extension right now?
Well, they’ve chosen to power their brand new wallet-native Pooled Staking by yours truly, StakeWise 💅
The huge news broke early this month, and while it’s already been a few weeks, we just can’t stop talking about it! 🤩
We can’t stress enough how cool it is to see a crypto product with millions of users utilizing StakeWise for staking. Not only it makes supporting the network easier and more accessible to the everyday user, it showcases how powerful StakeWise’s Vault tech is.
We expect our MetaMask partnership to show other industry players how they can utilize StakeWise for their own needs. After all, if it’s good enough for MetaMask, it’s good enough for anyone 🤷♂.
Read our full announcement and details about the Pooled Staking product on X: https://x.com/stakewise_io/status/1801624138538238438
StakeWise makes staking ETH and GNO simple and secure! Pool ETH with others or go solo — no matter how you stake, you stay liquid with osETH and osGNO tokens.
Find the best way to stake ETH & GNO 👉 https://stakewise.io
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