Summary
This proposal is to whitelist StakeWise DAO Safe as a fuse pool creator, verify existing pool 149 and give StakeWise the ability to create new verified fuse pools.
Background & Motivation
StakeWise is a fast-growing liquid Ethereum staking solution. StakeWise removes key barriers to entry, such as requiring 32 ETH, or the expertise needed for maintaining staking infrastructure, allowing anyone to benefit from the rewards of the beacon chain. Deposits into the staking pool are tokenised, and as a liquid staking platform, users are free to un-stake at any time by trading their tokenized staking deposit for ETH via the secondary markets.
Creating utility for these staked ETH tokens is key to the Ethereum ecosystem. This allows users to stake ETH, contributing to the health of the network, whilst being able to participate in the wider ETH landscape using their staked ETH tokens.
Pool 149 allows for the collateralisation of StakeWise’s staked ETH token (sETH2) to borrow FEI. Future verified pools will allow for other yield bearing opportunities for sETH2 holders.
Given the importance of these pools to sETH2 users, StakeWise will promote awareness of the FeiRaRi protocol, highlighting the use cases of both Fuse pools and FEI. This will also pave the way for further integrations and the potential for a close relationship between the StakeWise and FeiRaRi DAOs.
Additional Information
StakeWise Website: stakewise.io
StakeWise Audits: github
StakeWise DAO Safe: 0x144a98cb1CdBb23610501fE6108858D9B7D24934
Stakewise Docs: docs.stakewise.io
StakeWise’s Recent Decentralisation and Security Update: StakeWise Medium Post
Vote Details
For - Whitelist StakeWise DAO Safe (0x144a98cb1CdBb23610501fE6108858D9B7D24934) as pool creator and verify pool 149.
Against - Do nothing
