StakeWise — A dual-token model for Ethereum liquid staking

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Kirill Kutakov, Co-founder of StakeWise - an Ethereum liquid staking protocol - joined us for an interview to dive into the details behind the charts available on Token Terminal. In this extended version of our interview with Kirill we discuss the basics of what StakeWise is and how it's positioned within the liquid staking market, current and previous products, onboarding institutions, addressing the centralization risks that come with liquid staking, and plans for the future.

StakeWise's dashboard:

00:00 Introduction to the Ethereum liquid staking market
01:30 What is StakeWise?
02:54 StakeWise Pool & the dual-token model
07:40 Why is StakeWise Solo no longer active?
10:34 StakeWise's business model
12:24 How are funds in the protocol’s treasury being used?
14:01 Growth drivers and challenges
15:50 Business development focus areas & onboarding institutions
20:10 Average deposit sizes on StakeWise
21:11 How StakeWise is addressing the centralization risks related to liquid staking services
25:05 What's next for StakeWise?

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