Last updated：--
View ChartsETH2 (SETH2) is the ETH liquid staking derivative issued by the StakeWise protocol, a non-custodial liquid Ethereum staking solution that tokenises staking yield separately from deposits. StakeWise launched in March 2021 with the goal of unlocking the earnings potential of staked ETH for DeFi users. When users stake ETH through StakeWise, they receive sETH2 tokens representing their deposited capital, while staking rewards are tokenised separately. This design allows holders to deploy staked ETH capital across DeFi applications, compound returns, and manage staked capital more efficiently. sETH2 is an ERC20 token built on Ethereum with 18 decimal places. The token has a reported maximum supply of approximately 18,100 SETH2 according to several data aggregators, while circulating supply figures cluster around 1,660 to 1,696 SETH2. StakeWise remains an active protocol in the liquid staking sector, governed by the StakeWise DAO.
sETH2 is a product of the StakeWise protocol, which was launched in March 2021. StakeWise is governed by the StakeWise DAO, a decentralised autonomous organisation that uses the SWISE governance token to vote on and incentivise protocol adoption. Detailed public information about individual founders or core team members is currently limited in the available references. The protocol operates as a community-led project, with 51% of the SWISE supply allocated to the community between 2021 and 2025 to support decentralised governance. SWISE holders control protocol parameters such as fees, activation queue criteria, node operator selection, and Treasury disbursements through StakeWise Improvement Proposals (SWIPs).
StakeWise operates as a non-custodial liquid Ethereum staking protocol. Users deposit ETH into the protocol and receive sETH2 tokens in return, representing their staked capital. Unlike many liquid staking derivatives that bundle principal and rewards into a single token, StakeWise tokenises stakers' rewards separately from their deposits. This separation allows users to apply their staked ETH capital in DeFi while managing staking returns independently. The protocol employs several mechanisms for boosting staking APR and rewards users in its native SWISE token for providing liquidity and choosing StakeWise. This architecture puts yield optimisation and stake liquidity at the centre of the design, giving stakers greater flexibility in how they deploy and compound their capital across the broader DeFi ecosystem.
sETH2 differentiates itself through StakeWise's unique approach of separating staking yield from deposited capital. This tokenisation model gives stakers granular control over their staking positions, allowing them to deploy principal in DeFi while managing rewards independently. The protocol's non-custodial nature means users retain ownership of their assets throughout the staking process. StakeWise also implements mechanisms to boost staking APR and incentivises liquidity provision through SWISE token rewards, creating a flywheel effect that benefits both stakers and the broader DeFi ecosystem. The protocol's governance through the StakeWise DAO ensures that key decisions about fees, node operators, and treasury management are made collectively by SWISE holders via StakeWise Improvement Proposals.
sETH2 serves as a liquid representation of staked ETH within the StakeWise ecosystem. Its primary use case is enabling holders to participate in DeFi applications while their ETH remains staked. Users can deploy sETH2 as collateral, provide liquidity, or engage in yield farming opportunities across various DeFi protocols. Because staking rewards are tokenised separately, sETH2 holders can also reinvest or compound their returns more efficiently. The token facilitates greater capital efficiency for ETH stakers who want to maximise returns without sacrificing staking participation. Additionally, sETH2 holders may be eligible for SWISE token rewards through liquidity provision and other protocol-aligned activities.
The StakeWise ecosystem is governed by the StakeWise DAO and continues to develop through community-led initiatives. SWISE holders vote on protocol parameters and improvements via StakeWise Improvement Proposals, covering areas such as fees, activation queue criteria, node operator selection, and Treasury disbursements. With 51% of the SWISE supply allocated to the community between 2021 and 2025, the project is structured to achieve genuine community-led governance over time. sETH2 is listed across multiple data aggregators and platforms, including CoinGecko, CoinMarketCap, CoinDesk, Crypto.com, Yahoo Finance, Messari, Blockworks, Coinbase, Kraken, and others, reflecting ongoing visibility in the liquid staking sector.
sETH2 cannot be mined in the traditional sense because it is not a proof-of-work cryptocurrency. Instead, sETH2 is obtained through staking ETH on the StakeWise protocol. Users deposit ETH into the StakeWise staking pool and receive sETH2 tokens representing their staked capital. The staking process involves the protocol allocating deposited ETH to node operators who validate transactions on the Ethereum beacon chain. Staking rewards are generated from Ethereum network validation and are tokenised separately from the principal deposit. Users can also acquire sETH2 through supported trading markets on various exchanges where the token is listed.
Keeping sETH2 safe requires following standard cryptocurrency security practices. Use a reputable non-custodial wallet that supports ERC20 tokens to store your sETH2 holdings. Always verify the official smart contract address before interacting with any sETH2-related transactions. Enable two-factor authentication on any exchange accounts and consider using hardware wallets for significant holdings. Be cautious of phishing attempts and only interact with official StakeWise platforms and verified DeFi applications. Since sETH2 is deployed on Ethereum, securing your private keys and seed phrases is critical. Never share your seed phrase with anyone, and regularly review the permissions granted to smart contracts to minimise exposure to potential vulnerabilities.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose sETH2 products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for SETH2 are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of sETH2 (SETH2) is A$2,368.11. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SETH2 to USD rate at the top of BTCC’s price page. In terms of market scope, sETH2 records a 24h trading volume of A$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$4.02M. Its current circulating supply stands at 1.7K out of a maximum supply cap of 18.1K.
The price volatility of sETH2 (SETH2) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (1.7K) to max supply (18.1K), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, sETH2 (SETH2) hit an all-time high (ATH) of A$6,807.29 on 2025-08-14 03:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$1,270.11 on 2022-06-18 20:55. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SETH2 futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SETH2USDT perpetual contracts support two-way trading. If you anticipate a price decline for sETH2, simply log into your BTCC account with USDT margin available, navigate to the SETH2USDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SETH2USDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$2,368.11), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for SETH2USDT with zero financial risk.
Trading sETH2 (SETH2) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SETH2USDT, and review its live price (A$2,368.11) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche
