StakeWise Staked ETH
OSETHA liquid staking token for Ethereum.
The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About StakeWise Staked ETH
Analysis of 11 Feb 2026StakeWise Staked ETH (osETH) is an over-collateralized liquid staking token from StakeWise V3, enabling users to stake ETH while maintaining liquidity. As of February 11, 2026, osETH has a market cap of approximately $485M to $520M with 217,079 tokens in supply.
Full overviewShow less
The protocol represents less than 1% of the liquid staking market, competing against Lido's 24.2% dominance (8.72M ETH staked), Coinbase's 21.7% market share (1.84M ETH), and Binance's 9.1% (3.29M ETH). osETH features a unique 90% LTV ratio, providing a 10% over-collateralization buffer that protects holders from validator slashing events. The StakeWise Boost feature allows users to amplify staking rewards up to 14x by borrowing ETH on Aave using osETH collateral, increasing TVL by over 50,000 ETH since launch.
With 30.13% of total Ethereum supply now staked (36.6M ETH, representing 28.91% of circulating supply), osETH differentiates itself through vault-based infrastructure enabling permissionless node operation while maintaining slashing protection and enhanced DeFi composability.