StakeWise, which provides liquid staking for DeFi natives, solo stakers, and institutions on Ethereum and Gnosis Chain, this week released the latest iteration of its liquid staking protocol, StakeWise V3, on Gnosis Chain. The deployment of Stakewise V3 on Gnosis Chain, which comes less than a year after it went live on Ethereum mainnet, simultaneously created a staking marketplace offering permissionless access to osGNO, a new liquid staking token.
Prior to the launch of V3 on Gnosis Chain, StakeWise had been operating V2 and amassed more than 73,000 GNO in deposits, equivalent to approximately 40% of the network’s staked assets. GNO is the staking token of Gnosis and the governance token for the GnosisDAO.
“Thanks to StakeWise V3, users and organizations that run own validators no longer face the trade-off between supporting network decentralization and participating in the latest DeFi product – they can do both now,” said Kirill Kutakov, core contributor and co-founder of StakeWise. “We hope that granting universal access to a liquid staking token and creating an open staking marketplace will lead to a more decentralized and robust network, especially in light of low bond requirements of one GNO per validator on Gnosis Chain.”
“We welcome the deployment of StakeWise V3 on Gnosis Chain, as this aligns with our approach towards making Gnosis Chain credibly neutral by having a diverse community of validators,” Gnosis’ validator lead Armagan Ercan said. “With V3, stakers on Gnosis Chain not only have greater control over their node operations but will also have access to enhanced rewards.”
More than 40% of all ETH and GNO are staked in liquid staking protocols. However, such services require stakers to delegate their assets to third-party node operators that service them.
V3 enables any individual or entity running Gnosis Chain validators to receive osGNO tokens for liquid staking while running their own nodes without delegating assets to anyone. V3 also enables the creation of isolated staking pools, known as Vaults, to allow non-custodial delegations by users who cannot run nodes on their own.
As a result, stakers can either run their own nodes or choose from a range of node operators in the Vaults marketplace, picking the best option based on APY, uptime, server infrastructure, and fees. No matter their preference, stakers always can mint osGNO for liquid staking.
The key features of StakeWise V3 on Gnosis Chain include:
- Stake any amount of GNO and earn rewards
- Select among different staking pools in the StakeWise Vaults marketplace to find the best GNO staking deals
- Mint osGNO for liquid staking
- Autocompound GNO rewards into new validators
- Unstake at any time (subject to the network exit queue)
- Current users of V2 on Gnosis Chain can migrate their sGNO and rGNO tokens to move their staked assets to V3.
