StakeWise, launched in March 2021, is a liquid Ethereum staking protocol designed to unlock the earning potential of ETH2 for DeFi users. Operating non-custodially, the protocol tokenizes stakers' rewards separately from deposits, enabling users to apply staked ETH capital in DeFi, compound returns, and manage staked capital more efficiently. StakeWise also employs various mechanisms to boost staking APR and rewards users in its native token for liquidity provision and choosing the protocol, prioritizing yield and stake liquidity.

The StakeWise DAO governs the protocol, utilizing the SWISE governance token for voting and incentivizing adoption. SWISE holders control protocol parameters, such as fees, activation queue placement, node operators, and Treasury disbursements, through frequent voting based on StakeWise Improvement Proposals (SWIPs). To achieve real community-led governance, 51% of the SWISE supply will be allocated to the community between 2021 and 2025.