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A Developer's Guide to Stakewise V3: Minting osETH in a Permissionless Vault

Stakewise V3 Official represents a fundamental shift in liquid staking architecture, moving from a closed validator set to a permissionless marketplace of staking "Vaults." This guide explains How to Stake with Stakewise in this new, modular paradigm.

Core Concept: Vaults & osETH
Stakewise Vaults Explained: Vaults are isolated, smart contract-based staking pools run by individual node operators. Each Vault has its own performance characteristics, fees, and collateralization. This is the foundation of Permissionless Staking Stakewise.

osETH: A new, over-collateralized liquid staking token. When you stake into a Vault, you mint osETH. Because each Vault operator must post their own collateral, osETH is designed to be more resilient and de-risked compared to traditional LSTs.

Step 1: Discovering and Choosing a Vault
Navigate to the Stakewise V3 dApp.

Go to the "Stake" or "Vaults" section. You'll see a marketplace of available Vaults.

Analyze the Vaults based on key metrics: operator fees, uptime, MEV policy, and the amount of operator collateral posted. This allows you to make a risk-adjusted decision.

Step 2: Staking ETH and Minting osETH
Once you've selected a Vault, click "Stake."

Enter the amount of ETH you wish to deposit into that specific Vault.

Confirm the transaction. In return, you will mint an equivalent amount of Stakewise osETH Liquid Staking token.

You are now earning staking rewards based on the performance of the Vault you chose, and you hold a liquid asset that can be used across DeFi.

Step 3: For Node Operators
If you are a Stakewise for Node Operators, V3 allows you to permissionlessly create your own Vault, set your own fees, and attract stake directly from the public. This is a major leap forward for decentralizing the validator set.

For a full breakdown of the architecture and security features, please refer to the https://sites.google.com/koinly-tax-reports.org/stakewise/.

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