as we move forward with decentralisation of StakeWise & growing the TVL, there is another round of updates that require your att

31 Mar 2022, 20:20

as we move forward with decentralisation of StakeWise & growing the TVL, there is another round of updates that require your attention ❣️ 1. We have the first node operators - @VeriHash & Cryptomanufaktur - ready to onboard to Ethereum on the back of a successful launch & stable performance in testnet & Gnosis Beacon Chain ⛓ They applied to the StakeWise DAO to run 250 keys each, choosing minority clients and setting up in North America (Verihash) and Australia (Cryptomanufaktur). StakeWise Labs (core team) has also applied for an allocation of 250 validators, to be located in Europe and running Lighthouse. ⚡️ Now the DAO vote is required to start allocating new validators to the 3 node operators. We invite all the SWISE holders to vote on these 3 Snapshots: 250 keys to Verihash: 250 keys to Cryptomanufaktur: 250 keys to StakeWise Labs: The core contributor team supports the onboarding of Verihash & Cryptomanufaktur and is confident in their suitability for the StakeWise DAO based on the testnet & Gnosis Chain performance, stress-testing interview and chosen validator setup. We’re one step away from the launch of Metro folks! 🥂 2. Now for the important public service announcement 🚨 Long queues (±2 weeks) in the Ethereum network are adversely affecting the staking APR of sETH2 holders. After a recent influx of new ETH deposits, the new validators have not started earning rewards, while sETH2 tokens were minted for the depositors. This means that we’re spreading the same pool of rewards across more participants, diluting everyone’s APR in the process. We also are waiting for the allocation of keys from the DAO to start registering the new validators 👀 Previously the deposit queue would handle such stress, but since it was a major blocker for some of the integrations we’re working on, the DAO has recently voted to remove it. We think it’s the right thing to do, for what our opinion’s worth. We expect this effect to last for some 2 weeks, or longer if more ETH is added to the StakeWise Pool. The team is looking for ways to subsidise paying a normal APR during such growth periods. In the meantime, we hope you support StakeWise’s growth ambitions & find a silver lining in it much like we do - nothing makes us happier than watching the community & TVL grow! 👑 It is time to go to the Snapshot page and put your SWISE to work! Let's make Metro happen 🚀

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StakeWiseSWISE #5851

31 Mar 2022, 20:21

Sorry for spamming but thought this deserves a separate message.. We think it’s time we sat down altogether as a DAO and had a chat about what’s been happening recently, and what’s ahead of us. Soo.... We invite everyone to the Community Call #3 on Tuesday April 5th, at 8pm CET! We will share more details about the agenda & setup the invite page shortly. Needless to say we are super excited to have an opportunity to chat again, share some news & answer any outstanding (or new!) questions. See you soon❣️

Sorry for spamming but thought this deserves a separate message.