How Ethereum Staking Works with StakeWise V3
takingverse is part of the StakeWise V3 Ecosystem using their infrastructure for Ethereum staking.
Here's how the system works:
The Vault System
The core of StakeWise V3 is built around vaults - specialized smart contracts that handle staking operations. Users can either create their own vault or participate in existing ones. Each vault connects depositors with verified operators who manage the actual validation process. This structure allows for customizable parameters, including fee structures and operational settings, giving users control over their staking strategy.
Your Liquid Staking Tokens
When staking ETH through the platform, you can mint osETH Liquid Staking Tokens (LST) that represent your staked position. These tokens serve as proof of your stake and are required for unstaking - if you sell or transfer your osETH, you will no longer be able to unstake that ETH directly. While holding osETH, you can trade it or use it in other DeFi protocols, but remember that you'll need those same osETH tokens to retrieve your original ETH. Meanwhile, your staked position continues to earn rewards, which are automatically reinvested to compound your returns.
Start staking ETH with Stakingverse HERE!
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