StakeWise Staked ETH (osETH) is a liquid staking token that enables users to utilize their staked Ethereum (ETH) in decentralized finance (DeFi) applications while maintaining control over their assets. Here's how osETH is used:

1. Minting osETH:

   • Users can mint osETH tokens against their staked ETH in Vaults, making their stake liquid and accessible for DeFi activities.
   • The minting process involves converting staked ETH into osETH, which can be done in a non-custodial manner, ensuring users retain control over their assets.

2. Accruing Staking Rewards:

   • osETH tokens accrue staking rewards from the underlying staked ETH, which are reflected in the token's exchange rate. This exchange rate increases as more staking rewards are earned, making osETH a repricing token.

3. Protection from Slashing:

• osETH has an excess reserve of staked ETH to protect holders against slashing losses, ensuring that users are not affected by penalties imposed on validators for misbehavior on the Ethereum network.

4. DeFi Integration:

   • osETH can be used within the broader DeFi ecosystem, offering additional liquidity and utility options. Users can farm, borrow, and trade with their staked ETH, putting DeFi opportunities at their fingertips.

5. Redemption:

   • osETH can be converted back into ETH at any time, allowing users to receive their initial deposit and accumulated rewards. This conversion can be done through exchanges where osETH is traded or through the osETH redemption mechanism.

6. Solo Staking and Node Operators:

• Solo stakers can mint osETH tokens against their nodes, providing access to DeFi opportunities while maintaining a non-custodial setup. Node operators can establish vaults to accept delegations, allowing depositors to tokenize their staked ETH into osETH.

Overall, osETH provides a trustless, non-custodial, and liquid staking solution that empowers users to manage their staked ETH in a decentralized manner while benefiting from DeFi opportunities.

To store StakeWise Staked ETH (osETH) tokens, follow these steps:

1. Import osETH to Your Wallet:

   • Open your wallet (e.g., MetaMask).
   • Click on "Import tokens" and search for osETH.
   • Select "StakeWise Staked ETH" and click "Next" and then "Import."
   • Alternatively, you can manually add the token to your wallet using the following details:
     • Token contract address: 0xf1C9acDc66974dFB6dEcB12aA385b9cD01190E38
     • Token symbol: osETH
     • Token decimals: 18

2. View osETH Balance:

   • After importing the token, you should be able to see the balance of osETH in your wallet.

By following these steps, you can successfully store and manage your osETH tokens in your wallet.

To buy StakeWise Staked ETH (osETH) tokens, follow these steps:

1. Connect Your Wallet: Connect your crypto wallet to a decentralized exchange (DEX) like Uniswap.
2. Use Your Binance Account: Use your Binance account to facilitate the purchase.
3. Convert ETH to osETH: Head to the Stake page in the StakeWise dApp, connect your wallet, and enter the amount of ETH you want to stake. This will convert your ETH to osETH, allowing you to start staking and earning rewards.

By following these steps, you can easily purchase osETH tokens and begin staking your ETH.