StakeWise
SWISE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SWISE (StakeWise) demonstrates strong technical fundamentals and active protocol development, evidenced by regular vault upgrades, a maintained JavaScript SDK, and an extensive audit record featuring seven verified audits from firms like Sigma Prime, ABDK, Halborn, and Consensys Diligence, alongside an active Immunefi bug bounty. Dmitri Tsumak provides public leadership, and the DAO maintains formal governance structures. However, the token suffers from severe market erosion, trading roughly 99% below its all-time high with a depressed market capitalization (~$2M-$3M), thin liquidity, and dormant community discourse across its forum and social channels. Furthermore, value accrual to SWISE is limited because liquid staking yields primarily accrue to osETH/osGNO holders rather than governance token holders. No qualifying red-flag events such as exploits, insolvencies, or regulatory proceedings were identified, so the overall score reflects the weighted average across all evaluated sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About StakeWise (SWISE)
StakeWise (SWISE) is the native governance token of StakeWise, a non-custodial liquid staking protocol operating on the Ethereum and Gnosis Chain networks. Launched in April 2021 and co-founded by Dmitri Tsumak, the protocol allows users to stake assets and receive liquid staking derivatives such as osETH and osGNO. The SWISE token features a fixed maximum supply of 1 billion tokens and is utilized for protocol governance through the StakeWise DAO, where token holders participate in StakeWise Improvement Proposals (SWIPs) and voting via Snapshot.
The protocol's technical architecture is supported by multiple independent security audits conducted by firms including Sigma Prime, Halborn, Consensys Diligence, ABDK, and Statemind, alongside an active Immunefi bug bounty program. Available evaluations note that the protocol has operated without recorded smart contract exploits, security breaches, depegs of its liquid staking assets, or regulatory enforcement actions.
Despite ongoing protocol development and vault upgrades, SWISE has experienced significant market contraction and risk factors. The token has suffered a severe, unrecovered price crash of roughly 99% from its all-time high of $0.2592, reducing its valuation to micro-cap status with fragmented trading volume and thin decentralized exchange liquidity. Additionally, value accrual mechanisms primarily benefit holders of liquid staking derivatives rather than SWISE, while community participation and governance forum engagement have exhibited prolonged dormancy.