sETH2 sETH2Price $ 2,273

StakeWise is an Ethereum 2.0 staking service that strives to achieve the highest possible yield for users. Products:

• Pool. StakeWise Pool, where your stake is pooled with other participants. Every stake in the Pool gets tokenized upon deposit, to allow each and every user to transfer or exchange their deposited and earned ETH2 for other assets whenever they feel like it. StakeWise Tokens play a key role in the Pool by making your stake liquid and opening opportunities to generate additional yield in DeFi protocols.
• Solo. StakeWise Solo, where your validator with 32 ETH runs on the infrastructure, but you alone retain the access to its balance since you own the withdrawal key. StakeWise handles all of the technical complexity according to the best security practices. Users can create as many validators as they want with one click and request validator exit whenever they want to.

sETH2 (staking ETH) is a token that represents users' deposits in StakeWise Pool in a 1:1 ratio. Hence, sETH2 is always backed by ETH that has entered our Pool contract. With every new ETH deposit into the Pool, StakedETHToken contract updates totalSupply and mints an equal amount of sETH2 to the depositor.