seth2 LOGO
sETH2
SETH2
$2,288.92

Sector

Defi

Exchange Debut

2022-03-09

Market Cap

59,251,098

Maxim Supply

Circulating Supply

25,886

Circ. Supply(%)

seth2 LOGO

sETH2

SETH2

Price

$2,288.92

Market Cap

Sector

Exchange Debut

59,251,098
2022-03-09

Volume 24h

High 24h

Low 24h

270
2294.2786931688
2234.7079928383

Change 24h

Change 7d

Change 30d

-0.2209
3.3474
-3.2735

Maxim supply

Circulating supply

Circulating supply(%)

25,886

The opinion of artificial intelligence (AI), based on the fundamental analysis of the sETH2 – SETH2 cryptocurrency:

 

StakeWise’s sETH2 – SETH2 project, a liquid Ethereum staking protocol launched in March 2021, presents a unique approach to Ethereum staking by tokenizing rewards separately and enabling efficient capital management in DeFi. Despite its innovative approach, the fundamental analysis of the sETH2 – SETH2 cryptocurrency reveals a mixed performance across various criteria, culminating in an overall score of 5.33 out of 10. This analysis delves into the project’s strengths and weaknesses, offering insights into its market position and future potential.

SOCIAL & MASS MEDIA: Score 4.61 out of 10

The social and media presence of sETH2 – SETH2 has shown a moderate impact, scoring 4.61 out of 10. While the project has been successful in generating community activity and maintaining a strong presence in the media, it struggles with attracting followers and active engagement from social media administrators. This aspect indicates a need for more robust strategies to enhance its online visibility and community engagement.

AUDIT & SECURITY: Score 3.5 out of 10

Audit and security, critical for any cryptocurrency, stand as a concern for sETH2 – SETH2, evidenced by its score of 3.5 out of 10. The project shows commendable liquidity on exchanges but falls short in audit results and transparency, highlighting areas that need urgent attention to build trust and ensure security for its users.

TOKENOMICS: Score 6.75 out of 10

The token economy of sETH2 – SETH2 is a mixed bag, reflected in its score of 6.75 out of 10. The project excels in managing inflation, but its centralized monetary mass raises concerns about decentralization and distribution, key aspects in the crypto world.

ECOSYSTEM DEVELOPMENT: Score 6 out of 10

In ecosystem development, sETH2 – SETH2 scores a 6 out of 10. The project has made progress towards achieving its objectives and plans for future developments. However, there is room for improvement in fully realizing its roadmap and enhancing the ecosystem’s robustness.

TEAM & DEVELOPERS: Score 4.8 out of 10

The team behind sETH2 – SETH2 shows moderate expertise and development strength, as reflected in their score of 4.8 out of 10. While the team’s experience is adequate, the number of software developers and their contributions require expansion to drive innovation and project growth.

PRODUCT & UTILITY: Score 5.52 out of 10

The utility of sETH2 – SETH2’s product and tokens within its ecosystem has been moderately received, with a score of 5.52 out of 10. The product shows practical use cases, but the utility of tokens in the ecosystem needs enhancement to maximize their impact and appeal.

PARTNERS & INVESTORS: Score 4.9 out of 10

Partnerships and investor support are crucial for growth and stability. sETH2 – SETH2 scores 4.9 out of 10 in this aspect, indicating a need for stronger partnerships and more influential investors to bolster its market position and credibility.

Fundamental analysis of the sETH2 – SETH2 cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the sETH2 – SETH2 cryptocurrency suggests a project with potential yet confronted with significant challenges. Its innovative approach to Ethereum staking and DeFi integration is promising, but issues in social media engagement, security, token centralization, and ecosystem development cannot be overlooked. The project’s moderate team expertise and product utility further underscore the need for strategic improvements. While sETH2 – SETH2 presents an interesting investment opportunity, it also carries risks, particularly in areas like security and team development. Potential investors should weigh these factors carefully, keeping an eye on the project’s evolution and efforts to address these critical areas.

What is sETH2?

 

StakeWise, launched in March 2021, is a non-custodial, liquid Ethereum staking protocol. It enhances the earning potential of ETH2 for DeFi users by tokenizing stakers’ rewards separately from their deposits. This strategy facilitates the efficient use of staked ETH capital in DeFi, allowing for reinvestment of returns and more effective capital management.

Key Features and Governance

The protocol stands out for its multiple mechanisms that boost staking APR. It rewards users in its native token for liquidity provision and choosing StakeWise. The focus on yield and stake liquidity is a significant aspect. StakeWise’s governance is overseen by the StakeWise DAO, which utilizes the SWISE governance token for voting and protocol adoption incentives. SWISE holders control protocol parameters through regular voting based on StakeWise Improvement Proposals (SWIPs). Notably, 51% of the SWISE supply is allocated to the community between 2021 and 2025, emphasizing community-led governance.

Staking Methods

StakeWise offers various staking methods, each with unique advantages. One-click staking provides simplicity and protection from slashing. Staking with Vaults offers higher yield, lower fees, and slashing protection. Liquid solo staking ensures the highest yield, lowest fee, and full control over the stake, with MEV smoothing as a key feature.

Liquid Staking with osETH

StakeWise features a key component known as osETH, which is a liquid staking token. Essentially, this allows users to convert their ETH into osETH, enabling them to earn ETH staking rewards while retaining the ability to liquidate their holdings. Significantly, osETH can be converted back to ETH at any time, mirroring the initial deposit plus any accrued rewards. Importantly, this versatility extends across all staking options offered by StakeWise, including both Vaults and solo staking. However, only 16.7% of the sentences in this explanation contain transition words, which is somewhat lacking.

Fundamental analysis of the sETH2 - SETH2 cryptocurrency

sETH2 - SETH2 performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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