DeFiPunk'd

StakeWise

2 deployments · $1.7B aggregate TVL · Liquid Staking

Deployments

Each deployment is rated independently. Pick one to see its rating, risk analysis, and stage.

TVL $1.0B
Type Liquid Staking
Chains Ethereum, xDai
View on DeFiLlama ↗
Control criteria
Upgradeability Mixed Bug bounty immunefi.com Governance forum — Docs docs.stakewise.io
About

StakeWise V3 is a decentralized liquid staking protocol for Ethereum and Gnosis Chain that allows users to stake ETH or GNO and receive osETH or osGNO, over-collateralized liquid staking tokens, in return. The protocol introduces a marketplace of modular staking Vaults, where any node operator can deploy a Vault with customizable parameters (fee, MEV strategy, DVT setup), and any user can stake into their preferred Vault. osETH is backed by more than 1 ETH per token held in a Vault, providing embedded slashing protection and DeFi composability. The protocol uses a mix of upgradeable contracts (governed via dual governance for keeping up with Ethereum PoS spec changes) and immutable contracts prioritizing security and self-custody.

Risk analysis

One card per dimension, sorted by severity. Only Verifiability and Autonomy carry automated signals in Phase 0. See methodology for scope.

Audit a dimension yourself · DEFI@home Contribute an LLM-run assessment — any model, any dimension. Three agreeing runs merge automatically into the public record.

DEFI@home is a distributed audit network modeled on SETI@home: instead of CPU cycles, it crowdsources LLM reasoning. Paste a slice prompt into Claude, ChatGPT, Gemini, or any browsing-capable model, and submit the JSON output as a pull request. The quorum bot merges it once ≥3 independent runs (from different models) reach the same grade — no single model, and no single contributor, can move the needle alone. How it works →

  • Address discovery 62 addresses on file · 1 run Submit run ↗
  • Verifiability Unverified Submit run ↗
  • Control Unverified Submit run ↗
  • Ability to exit Unverified Submit run ↗
  • Autonomy Unverified Submit run ↗
  • Open Access Unverified Submit run ↗
  • Audit all 5 dimensions · one prompt Submit run ↗
  1. Verifiability tentative
    Open source + 9 audits

    Protocol publishes a GitHub repository and has at least one audit on record. This is a coarse Phase-0 signal only: auditor reputation, scope, and post-audit review coverage are not yet weighted.

    Run your own prompt Submit run ↗
  2. Autonomy tentative
    Validator set reduces autonomy

    Liquid staking and restaking protocols hand solvency to an external validator set with slashing dynamics they do not control. At Phase 0 this is a category-level heuristic; a real Autonomy assessment (oracles, fallbacks, governance-mutable dependencies) arrives with onchain review.

    Run your own prompt Submit run ↗
3 dimensions not yet assessed (Control, Ability to exit, Open Access)
  1. Control unknown Unverified
    Not yet assessed

    Who holds admin privileges, how contracts can be upgraded, and how quickly. No automated heuristic grades this at Phase 0; a real assessment arrives when onchain discovery reads roles, owners, and timelocks.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  2. Ability to exit unknown Unverified
    Not yet assessed

    Whether users can exit on their own terms if the team disappears or acts adversarially. Requires per-protocol review; not available at Phase 0.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  3. Open Access unknown Unverified
    Not yet assessed

    Whether the protocol depends on privileged operators, whitelists, geo-restrictions, or off-chain infrastructure. This is not a signal DeFiLlama carries in a usable form; crawler-based detection lands in a later phase.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗

Stage

Preview of the Phase-3 maturity framework. DeFiPunk'd will adopt DeFiScan v2's stages verbatim; the section is rendered below in its intended shape so the structure is visible today.

StakeWise V3 has not yet been assessed under the DeFiScan v2 stage framework.
The walkaway test is the central criterion. Once stages land, protocols reach Stage 1 only if users can exit in the presence of malicious operators even when the emergency council disappears.
Scope of assessment
Stages are assessed per-protocol against DeFiScan v2's criteria: governance structure, upgradeability path, timelock durations, emergency-council scope, and the walkaway test. The analysis depends on onchain discovery (roles, owners, timelocks) and deeper review of deployed contracts — neither of which DeFiPunk'd automates at Phase 0.
Stage 0 requirements pending
Governance is largely off-chain, contracts are upgradeable with short or no timelock, and the protocol depends on a multisig or team with full discretion. At Phase 0 DeFiPunk'd does not automatically evaluate these; the assessment lands with crawler-based onchain discovery.
Stage 1 requirements pending
Users can exit or opt out on their own terms even if the team disappears. Upgrades run through a meaningful timelock with an emergency security council clearly scoped. The walkaway test is the headline criterion.
Stage 2 requirements pending
Protocol is fully permissionless and immutable, or upgrades require a supermajority of token holders with a long timelock and no emergency override. This is the terminal stage of the DeFiScan v2 framework.
Learn more about DeFiScan v2 stages →
Stages are an opinionated assessment of maturity, not a rating of security or safety. A protocol can sit at Stage 2 and still carry substantial technical or economic risk; the framework exists to incentivize decentralization, not to rank protocols.

Contract surface

Every contract in scope for this protocol — pooled from DeFiLlama's TVL adapter (mechanical) and DEFI@home discovery submissions (LLM-curated). Verified-source flags come from Etherscan + Sourcify; owner / multisig metadata is read on-chain when available. Reviewer audit context, not a slice score. A lending protocol's adapter set will list third-party collateral tokens alongside its own contracts; attribution is the grader's job.

  • 62addresses
  • 0verified source
  • 0proxies

Control fetched 2026-09-03.

Ethereumadmin (CuratorsRegistry — DAO-approved allocation strategies)0xa23f…933cdiscovery———governance
Ethereumadmin (NodesManager — delegates vault validator operations to registered node operators)0x5674…3592discovery———vault
Ethereumadmin (VaultsRegistry — canonical list of valid Vaults and approved implementations)0x3a00…c20ediscovery————
Ethereumfactory (BlocklistErc20VaultFactory)0x39c6…a368discovery———factory
Ethereumfactory (BlocklistVaultFactory)0x608d…f3b5discovery———factory
Ethereumfactory (Erc20MetaVaultFactory)0x4e3d…90d0discovery———factory
Ethereumfactory (Erc20VaultFactory)0x9779…0488discovery———factory
Ethereumfactory (MetaVaultFactory — deploys MetaVaults that delegate to sub-vaults)0x76d9…8f14discovery———factory
Ethereumfactory (PrivErc20MetaVaultFactory)0xe14f…9141discovery———factory
Ethereumfactory (PrivErc20VaultFactory)0x1831…fdc9discovery———factory
Ethereumfactory (PrivMetaVaultFactory)0x1e86…be66discovery———factory
Ethereumfactory (PrivVaultFactory)0x4c95…f8fddiscovery———factory
Ethereumfactory (RewardSplitterFactory)0xd12d…4775discovery———factory
Ethereumfactory (SubVaultsRegistryFactory — deploys per-MetaVault registry)0x3cc1…17eediscovery———factory
Ethereumfactory (VaultFactory — deploys standard ETH Vaults)0x7a8c…22dddiscovery———factory
Ethereumoracle (Keeper — verifies oracle sigs, stores rewards Merkle root, approves validator registrations)0x6b58…87b5discovery———oracle
Ethereumoracle (PriceFeed — reports osToken exchange rate to external protocols like Aave)0x8023…e471discovery———oracle
Ethereumother (BalancedCurator — DAO-approved allocation strategy for MetaVaults)0xe013…4d90discovery———governance
Ethereumother (ConsolidationsChecker — verifies oracle sigs for validator consolidations)0x033e…810fdiscovery———oracle
Ethereumother (DepositDataRegistry — stores deposit data root pre-approving validator keys)0x75ab…223ediscovery————
Ethereumother (LegacyPoolEscrow — StakeWise V2 escrow for migration)0x2296…f079discovery————
Ethereumother (MerkleDistributor — distributes extra token rewards to vault stakers)0xa9dc…8d34discovery———token
Ethereumother (OsTokenConfig — per-vault LTV, liquidation threshold and bonus)0x287d…eb59discovery———vault
Ethereumother (OsTokenFlashLoans — uncollateralised same-tx osToken loans, capped 100k)0xebe1…f5d2discovery————
Ethereumother (OsTokenRedeemer — osToken redemption queue for ETH)0xc43a…1fd0discovery————
Ethereumother (OsTokenVaultController — tracks total osToken supply and sets exchange rate)0x2a26…0306discovery————
Ethereumother (OsTokenVaultEscrow — holds osToken positions during vault exit)0x09e8…3605discovery———vault
Ethereumother (SharedMevEscrow — smoothing pool for participating vaults)0x4831…ff86discovery————
Ethereumother (ValidatorsChecker — read-only helper for validator registration eligibility)0x508e…9906discovery————
Ethereumtoken (LegacyRewardToken — StakeWise V2 reward token retained for migration)0x20bc…86c5discovery———token
Ethereumtoken (osETH liquid staking token)0xf1c9…0e38discovery———token
Ethereumvault (CommunityVault — partner-deployed vault)0x1546…ef4ddiscovery———vault
Ethereumvault (FoxVault — partner-deployed vault)0x4fef…47dfdiscovery———vault
Ethereumvault (GenesisVault — V2 migration vault)0xac0f…2885discovery———vault
xDaiadmin (CuratorsRegistry on Gnosis Chain)0xa23f…933cdiscovery————
xDaiadmin (VaultsRegistry on Gnosis Chain)0x7d01…67cbdiscovery————
xDaifactory (BlocklistErc20VaultFactory on Gnosis Chain)0x39c6…a368discovery———factory
xDaifactory (BlocklistVaultFactory on Gnosis Chain)0x608d…f3b5discovery———factory
xDaifactory (Erc20VaultFactory on Gnosis Chain)0x9779…0488discovery———factory
xDaifactory (MetaVaultFactory on Gnosis Chain)0x75e6…5f1bdiscovery———factory
xDaifactory (PrivErc20VaultFactory on Gnosis Chain)0x1831…fdc9discovery———factory
xDaifactory (PrivVaultFactory on Gnosis Chain)0x4c95…f8fddiscovery———factory
xDaifactory (RewardSplitterFactory on Gnosis Chain)0xd12d…4775discovery———factory
xDaifactory (SubVaultsRegistryFactory on Gnosis Chain)0x37bf…891fdiscovery———factory
xDaifactory (VaultFactory on Gnosis Chain)0x7a8c…22dddiscovery———factory
xDaioracle (Keeper on Gnosis Chain)0xcac0…26aadiscovery———oracle
xDaioracle (PriceFeed on Gnosis Chain)0x9b1b…d272discovery———oracle
xDaiother (BalancedCurator on Gnosis Chain)0x5dd9…ab9ediscovery————
xDaiother (ConsolidationsChecker on Gnosis Chain)0x033e…810fdiscovery————
xDaiother (DepositDataRegistry on Gnosis Chain)0x58e1…9e16discovery————
xDaiother (LegacyPoolEscrow on Gnosis Chain)0xfc9b…0394discovery————
xDaiother (MerkleDistributor on Gnosis Chain)0xfbce…3710discovery————
xDaiother (OsTokenConfig on Gnosis Chain)0xd667…c3ecdiscovery————
xDaiother (OsTokenFlashLoans on Gnosis Chain)0xe841…bb11discovery————
xDaiother (OsTokenRedeemer on Gnosis Chain)0xb790…86c4discovery————
xDaiother (OsTokenVaultController on Gnosis Chain)0x60b2…179adiscovery————
xDaiother (OsTokenVaultEscrow on Gnosis Chain)0x28f3…9e71discovery————
xDaiother (SharedMevEscrow on Gnosis Chain)0x30db…488adiscovery————
xDaiother (ValidatorsChecker on Gnosis Chain)0x8035…de86discovery————
xDaitoken (LegacyRewardToken on Gnosis Chain)0x6ac7…31d4discovery———token
xDaitoken (OsToken / osGNO on Gnosis Chain)0xf490…d1a0discovery———token
xDaivault (GenesisVault on Gnosis Chain)0x4b44…0a7adiscovery———vault

Protocol Info

Links

[defillama] Source: DeFiLlama [:] Source: DEFI@home quorum
Twitter
@stakewise_io

Security

[:] Source: DEFI@home quorum
Audits
7 audits
Security contact
unknown

Technical

[:] Source: DEFI@home quorum
Voting token
osETH Ethereum: 0xf1C9acDc66974dFB6dEcB12aA385b9cD01190E38
Upgradeability
Mixed (some immutable, some upgradeable)

Provenance

[defillama] Source: DeFiLlama
Review status
listed
Updated
2026-09-28 12:50 UTC