StakeWise Staked ETH
$3,083
STRICT-Score
Max. Potenzial
1.1x
Potenzieller Ertrag
Wahrscheinlichkeit
70%
Erfolgschance
Risikoniveau
6/10
Mittleres Risiko
Marktkapitalisierung
$593.49M
Volumen
$372.51K
STRICT-Score Aufschlüsselung
Unser proprietäres Bewertungssystem evaluiert Projekte anhand von 6 Schlüsseldimensionen.
Analyseübersicht
Analyseübersicht
StakeWise Staked ETH (osETH) is an over-collateralized liquid staking token from StakeWise V3, enabling users to stake ETH while maintaining liquidity. With a market cap of $1.07B and 266,377 osETH in circulation, it represents 0.75% of the liquid staking market. osETH features a unique 90% LTV ratio, providing a 10% over-collateralization buffer that protects holders from validator slashing events. Currently offering 2.7% APY with $39M+ in Balancer liquidity, osETH differentiates itself through vault-based infrastructure allowing permissionless node operation while maintaining slashing protection for token holders.
Investitionsthese
osETH represents an innovative approach to liquid staking that addresses key weaknesses in competing protocols. The over-collateralization mechanism provides superior downside protection compared to stETH, while the permissionless vault system offers better decentralization than Lido's curated validator set. The StakeWise V3 architecture enables users to choose specific node operators through individual vaults while maintaining fungibility through osETH, combining flexibility with liquidity. With regulatory clarity improving following SEC guidance in August 2025 indicating liquid staking tokens may not constitute securities, osETH is positioned to capture market share from centralized alternatives. Integration with Obol Distributed Validators enhances security and resilience, while Balancer liquidity incentives strengthen DeFi composability. As Ethereum's staking ecosystem matures, osETH's technical advantages and growing TVL suggest strong potential for adoption.
Wettbewerbsposition
StakeWise ranks 8th in liquid staking with 0.75% market share, trailing far behind Lido (29%) and Rocket Pool (2.8%). However, osETH occupies a differentiated niche as the only major LST with over-collateralization and vault-based operator selection. Compared to stETH, osETH offers superior slashing protection and permissionless infrastructure; versus rETH, it provides unified liquidity without requiring node operators to bond 8-16 ETH. The vault marketplace enables institutional operators to offer competitive rates while retail users benefit from diversified exposure. Limited liquidity ($39M Balancer vs stETH's multi-billion dollar pools) remains a key competitive weakness, though Balancer incentives and DeFi integrations are narrowing this gap. StakeWise's focus on safety and decentralization appeals to sophisticated users prioritizing risk management over maximum yields.
Fazit
osETH represents a technically superior liquid staking solution with meaningful differentiation through over-collateralization and vault flexibility, but faces uphill battle against Lido's entrenched dominance. The 90% LTV slashing protection and permissionless infrastructure address real pain points, while regulatory clarity and DeFi integrations support adoption. However, limited market share and lower yields versus competitors suggest accumulation at opportune entries rather than aggressive positioning. Ideal for risk-conscious stakers valuing downside protection over maximum APY, particularly as Aave integration and vault ecosystem mature through 2025.
Stärken
- Over-collateralization protection: 90% LTV ratio provides 3.2 ETH buffer per validator, absorbing slashing losses without impacting osETH holders
- Vault-based flexibility: Permissionless marketplace allows users to select node operators while maintaining unified liquidity through osETH
- Strong security posture: Three audits completed, Immunefi bug bounty active, zero slashing events or security breaches to date
- Growing DeFi integration: $39M Balancer liquidity, integrations with Curve, Uniswap, RedStone oracles, and pending Aave V3 onboarding
- Regulatory tailwinds: SEC guidance (August 2025) clarifying liquid staking tokens likely not securities reduces regulatory overhang
Risiken
- Limited market share: 0.75% of liquid staking market versus Lido\
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- s 3.26% and comparable protocols, potentially limiting appeal to yield-focused users
- V2 migration pressure: Forced migration from V2/Solo by June 2025 creates execution risk and potential user churn
Kommende Katalysatoren
Aave V3 osETH collateral integration
Zeitrahmen: Q1 2025
StakeWise V2/Solo sunset driving V3 migration
Zeitrahmen: Q2 2025
Ethereum network upgrades improving staking yields
Zeitrahmen: H2 2025
Obol DV integration expansion across more vaults
Zeitrahmen: Q1-Q2 2025
Preisziele
osETH maintains 1:1 ETH peg with 1-2% discount during market stress if ETH reaches $3,500
osETH tracks ETH price closely with minimal peg deviation as ETH approaches $5,200
Strong ETH rally to $7,000 drives osETH while adoption narrows peg discount to sub-0.5%
STRICT-Score
Bewertung: 75/100 | Potenzial: 1.1x
Verwandte im gleichen Sektor - Liquid Staking
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Haftungsausschluss: Diese Analyse dient nur zu Informationszwecken und sollte nicht als Finanzberatung betrachtet werden. Führen Sie immer Ihre eigene Recherche durch, bevor Sie Anlageentscheidungen treffen. Investitionen in Kryptowährungen sind volatil und mit erheblichen Risiken verbunden.