Ethereum Staking
Last updated
Last updated
While there are protocols and entities in the staking ecosystem of Ethereum, Swich Ethereum staking optimizes rewards by utilizing secure and battle-tested liquid staking protocols that support validator operations.
ssWETH (Swich Staked Ether) is a liquid staking token that you receive by staking ETH on the Swich protocol. When you deposit ETH on Swich, it is staked in the pool, and you are given ssWETH tokens in return. The ETH you deposit is then delegated to integrated protocols at deposit.
ssETH is a rewards-accruing liquid staking token, receiving yields generated from our automated staking strategy. its accrues value over time based on the performance of the Swich stake pools. An ingenious mechanism that allows users to enjoy optimized ETH upon redemption, reflecting the accrued staking yield over time.
On a technical level, Swich ETH staking model
There are a few differences.
Increases decentralization: Your staked ETH is delegated to multitude of validators (permissioned and permissionless node operators) via integrated protocols
Aggregate yield: Earn optimized staking rewards. This is due to our combined yield sources.
Minimize risk: Diversifying across multiple protocols minimizes exposure rather than just one.
The ssWETH ecosystem will keep expanding as more use cases are developed. By utilizing DeFi protocols, ssWETH allows users to earn staking rewards and support the network at the same time.
Single-asset staking: You have the chance to earn Swich's governance token by staking your ssWETH, but keep in mind that this option is only available on Swich.
Liquidity provision: There are two main categories of ssWETH liquidity pools: ssWETH/ETH pools - These pools are a way to use your ssWETH in DeFi while avoiding impermanent loss. ssWETH/XXX pools - These pools will be subject to impermanent loss.
Lending: ssWETH will be able to used as collateral on our upcoming credit market platform.
