StakeWise — A dual-token model for Ethereum liquid staking
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: https://tokenterminal.com/terminal/projects/stakewise
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07:40 Why is StakeWise Solo no longer active?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?
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
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