Would appreciate Kiriyha or any Stakewise expert’s advice here:
Is there currently any reason to avoid using Stakewise’s older v2 ecosystem, i.e. the sETH2 and rETH2 tokens? For example, are there plans to stop it from earning staking? Or perhaps sETH2 or rETH2 would have insufficient liquidity to withdraw to ETH?
For context, I’m considering continuing to stake by holding sETH2 and exchanging rETH2 to compound more sETH2. As of writing this, the APY for sETH2 is 3.9% (one year average), higher than osETH at 2.78% or any Vault in v3.
Hi @Fabric4117 ,
Currently, there are no reasons to avoid using it. The sETH2 and rETH2 tokens continue to earn staking rewards. The liquidity there is unstable, but you can always migrate to v3 and withdraw from the validators.
The APY there is not accurate; it should be close to the APY in v3. We will look into this. We also plan to announce its deprecation soon, which will provide another couple of months for migration. The reason for this is that it’s difficult for the team to maintain both versions of the product, especially with the releases of new Ethereum forks.