Boost your ETH rewards by activating StakeWise Boost in Stakely's Vault
StakeWise has launched Boost, a feature that allows you to increase your Ethereum staking rewards by up to six times in collaboration with your trusted node operator. That’s why at Stakely, we couldn’t miss the opportunity to join this initiative and offer you a more profitable and secure staking experience.
By activating Boost in our Vault within StakeWise, you can increase your APY from the traditional 3.26% to 5.77%, with a 5% fee, without compromising the security of your assets. This is an approximate value, as it fluctuates over time.
Below, we explain what StakeWise Boost is, where these yields come from, and how to take advantage of this new feature to maximize your staking benefits.
What is StakeWise Boost and how does it work?
StakeWise Boost is a strategy that maximizes your staking rewards by using osETH as collateral to borrow ETH on Aave. This additional ETH is then redeposited into StakeWise, repeating the process in a loop to increase your total participation in the Vault by up to six times.
Where do the rewards from StakeWise Boost come from?
The rewards come from staking the borrowed ETH. Boost takes 5 additional ETH for every 1 osETH deposited, increasing the total amount of ETH in staking and, consequently, the rewards. After paying loan fees on Aave, the remaining surplus is added to your earnings.
When and how to use StakeWise Boost?
Before activating Boost, check the indicated APY. If the Boost APY is higher than that of your Vault, you can take advantage of the strategy to increase your earnings. However, if the APY is negative, you will pay more in loan fees than you earn in rewards, which may reduce your deposit.
Features of Stakely's Vault in StakeWise Boost
Stakely's Vault within StakeWise Boost is public and designed for all types of users, from individual stakers to funds and DAOs, providing flexibility and accessibility. Currently, it offers an APY of 5.77% and has reached a total value locked of 335,565 ETH. Additionally, we offer a range of benefits, including:
- 5% fee: A competitive fee structure to maximize returns.
- Ease of use: Intuitive interface and simplified processes for all experience levels.
- Enhanced security: Advanced protection standards for greater confidence.
- 24/7 support: Continuous assistance for a seamless experience.
How to delegate ETH to Stakely’s Vault in StakeWise Boost?
Activating StakeWise Boost in Stakely’s Vault is very simple:
- Access Stakely's Vault: You can find us in the StakeWise Vault Marketplace.
- Connect your Ethereum wallet: Use a compatible Ethereum wallet, such as MetaMask, to interact with the Vault.
- Start staking: Choose the amount of ETH you want to stake and follow the instructions to complete the transaction.
- Mint and boost the maximum amount of osETH: If you are interested in DeFi opportunities, mint osETH, a liquid staking token representing your staked ETH.
- Monitor your staking: Check your rewards and staking performance on the StakeWise platform.
StakeWise Boost helps you increase your staking rewards without putting your assets at risk. It uses loans with a safety margin before liquidation, making it a secure option even for beginner stakers.
