{"id":"dmitri-tsumak","title":"Dmitri Tsumak","content":"**Dmitri Tsumak** is the founder of [StakeWise](https://iq.wiki/wiki/stakewise), a platform that offers [Ethereum](https://iq.wiki/wiki/ethereum) [staking](https://iq.wiki/wiki/staking) solutions focused on helping users stake [Ether](https://iq.wiki/wiki/ether-eth) and [compound](https://iq.wiki/wiki/compound) their rewards over time. [[1]](#cite-id-L0UnB677NW) [[12]](#cite-id-oPxWg56hHJ)\n\n# Career\n\nTsumak entered [crypto](https://iq.wiki/wiki/cryptocurrency) six years ago while pursuing a master’s in cryptography and security. He first became interested in [Bitcoin](https://iq.wiki/wiki/bitcoin-btc), then [Ethereum](https://iq.wiki/wiki/ethereum), and began experimenting with [decentralized applications](https://iq.wiki/wiki/decentralized-application), including [crypto](https://iq.wiki/wiki/cryptocurrency) [mining](https://iq.wiki/wiki/mining) and [smart contract](https://iq.wiki/wiki/smart-contract)-based lotteries. Around three years ago, the launch of [Ethereum 2.0](https://iq.wiki/wiki/ethereum) caught his attention and motivated him to become a [validator](https://iq.wiki/wiki/validator). At the time, the high 32 [ETH](https://iq.wiki/wiki/ether-eth) requirement posed a barrier, which led to the idea of pooled [staking](https://iq.wiki/wiki/staking) and eventually the creation of S[takeWise](https://iq.wiki/wiki/stakewise) in March 2022. He became active in [Ethereum 2.0](https://iq.wiki/wiki/ethereum) discussions and contributed to development efforts while building the protocol.  [[2]](#cite-id-4UuJ23fNBy) [[4]](#cite-id-ZNpwFMbbYy)\n$$widget0 [YOUTUBE@VID](https://www.youtube.com/watch?v=kj0usBNTDio)$$\n## StakeWise\n\nOn the Wholesome Crypto Podcast, Tsumak and Kirill Kutakov discussed their journey into [cryptocurrency](https://iq.wiki/wiki/cryptocurrency), which began during their university years when they developed an interest in cryptography and [blockchain](https://iq.wiki/wiki/blockchain) technology. Tsumak’s initial experience with banking issues prompted him to explore alternatives, leading him to become increasingly involved in [crypto](https://iq.wiki/wiki/cryptocurrency). The two friends reconnected through mutual acquaintances and shared aspirations to create a business in the field. Their collaboration ultimately led to the development of [StakeWise](https://iq.wiki/wiki/stakewise), which initially focused on solving the challenges of [staking](https://iq.wiki/wiki/staking) and later shifted towards [liquid staking](https://iq.wiki/wiki/liquid-staking) as they recognized its potential within the [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) landscape. Throughout the podcast, they addressed trust issues in [crypto](https://iq.wiki/wiki/cryptocurrency), emphasizing the importance of transparency, community involvement, collaborative approaches to improving security, and the significance of ethical conduct in enhancing industry credibility. [[14]](#cite-id-fhomUoY4gE)\n$$widget0 [YOUTUBE@VID](https://www.youtube.com/watch?v=s3FTtjMIV2k)$$\n# Interviews\n\n## About StakeWise\n\nOn the D-Core Podcast, Tsumak discussed his journey into the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) space and the creation of [StakeWise](https://iq.wiki/wiki/stakewise), an [Ethereum 2.0](https://iq.wiki/wiki/ethereum) [liquid staking](https://iq.wiki/wiki/liquid-staking) platform. Initially drawn to [Bitcoin](https://iq.wiki/wiki/bitcoin) during his master's program in cryptography, Tsumak became intrigued by [Ethereum's](https://iq.wiki/wiki/ethereum) potential for [decentralized applications](https://iq.wiki/wiki/decentralized-application). With the launch of [Ethereum 2.0](https://iq.wiki/wiki/ethereum), which required significant amounts of [ETH](https://iq.wiki/wiki/ether-eth) to become a [validator](https://iq.wiki/wiki/validator), he identified a need for a pooling solution. [StakeWise](https://iq.wiki/wiki/stakewise) allows users to [stake](https://iq.wiki/wiki/staking) [Ethereum](https://iq.wiki/wiki/ethereum) and receive tokens they can utilize in [decentralized finance (DeFi)](https://iq.wiki/wiki/defi), enabling benefits such as compounding rewards, which he noted was a unique feature. Tsumak also reflected on the growing interest in [staking](https://iq.wiki/wiki/staking) as [Ethereum's](https://iq.wiki/wiki/ethereum) advantages gained broader acceptance, while addressing common misconceptions about [Ethereum 2.0's](https://iq.wiki/wiki/ethereum) scalability and environmental impacts compared to [proof-of-work](https://iq.wiki/wiki/proof-of-work-pow) systems. He emphasized the platform’s ability to democratize [staking](https://iq.wiki/wiki/staking) and improve accessibility, arguing that, contrary to some critiques, [proof-of-stake](https://iq.wiki/wiki/proof-of-stake) models do not inherently favor the wealthy. [[2]](#cite-id-4UuJ23fNBy)\n$$widget0 [YOUTUBE@VID](https://www.youtube.com/watch?v=hegFaLspihA)$$\n# Panel\n\n## StakeWise Expansion\n\nDuring an online discussion panel with [Wormhole](https://iq.wiki/wiki/wormhole), Tsumak discussed [StakeWise](https://iq.wiki/wiki/stakewise), a permissionless [liquid staking](https://iq.wiki/wiki/liquid-staking) protocol, which had been operational on [Ethereum](https://iq.wiki/wiki/ethereum) and [Gnosis](https://iq.wiki/wiki/gnosis) for four years. He expressed his commitment to expanding to other networks and was motivated to increase token utility and volume through participation in high-adoption [L2s](https://iq.wiki/wiki/layer-2). Key considerations in [StakeWise’s](https://iq.wiki/wiki/stakewise) expansion included selecting a token framework that allowed for governance by the [DAO](https://iq.wiki/wiki/dao) and the ability to adapt to various bridging protocols. The integration with NTT was noted to be straightforward, involving minimal design changes and a focus on features like rate limiting. Tsumak shared recent developments, including a successful launch on [Arbitrum](https://iq.wiki/wiki/arbitrum) and partnerships with platforms like [MetaMask](https://iq.wiki/wiki/metamask). Looking ahead, he planned to introduce multi-chain [staking](https://iq.wiki/wiki/staking) and enhance governance mechanisms to improve decision-making across different chains. Overall, the dialogue highlighted the ongoing evolution of [Stakewise's](https://iq.wiki/wiki/stakewise) services and future projects to enhance user experience and engagement in the [liquid staking](https://iq.wiki/wiki/liquid-staking) space. [[13]](#cite-id-MF3JH9XLSG)\n$$widget0 [YOUTUBE@VID](https://www.youtube.com/watch?v=UH_-OaULY1w)$$","summary":"Dmitri Tsumak is the founder of StakeWise, a platform offering Ethereum staking solutions. He is a blockchain enthusiast with extensive experience in computer science.","images":[{"id":"QmPEozqCA6K7Nky5P6v9TS7Tit35EemTrwxAADrN9YontA","type":"image/jpeg, image/png"}],"categories":[{"id":"people","title":"people"}],"tags":[{"id":"Ethereum"},{"id":"Blockchains"},{"id":"Founders"},{"id":"Developers"},{"id":"Protocols"}],"media":[{"id":"QmcFyNKCarEux6qkNoebB8Pf46XxFTLLoume2CDm9b33F9","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=kj0usBNTDio","name":"kj0usBNTDio","caption":"","thumbnail":"https://www.youtube.com/watch?v=kj0usBNTDio","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=s3FTtjMIV2k","name":"s3FTtjMIV2k","caption":"","thumbnail":"https://www.youtube.com/watch?v=s3FTtjMIV2k","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=hegFaLspihA","name":"hegFaLspihA","caption":"","thumbnail":"https://www.youtube.com/watch?v=hegFaLspihA","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=UH_-OaULY1w","name":"UH_-OaULY1w","caption":"","thumbnail":"https://www.youtube.com/watch?v=UH_-OaULY1w","source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"L0UnB677NW\",\"url\":\"https://www.stakewise.io/\",\"description\":\"Official website\",\"timestamp\":1744927184713},{\"id\":\"4UuJ23fNBy\",\"url\":\"https://www.youtube.com/watch?v=hegFaLspihA\",\"description\":\"D-Core interview\",\"timestamp\":1744927184713},{\"id\":\"0WCcKuHUbb\",\"url\":\"https://www.cypherhunter.com/en/p/dmitri-tsumak/\",\"description\":\"CypherHunter profile\",\"timestamp\":1744927184713},{\"id\":\"ZNpwFMbbYy\",\"url\":\"https://clay.earth/profile/dmitri-tsumak\",\"description\":\"Clay profile\",\"timestamp\":1744927184713},{\"id\":\"k8sJODK2iE\",\"url\":\"https://www2049.rootdata.com/member/Dmitri%20Tsumak?k=OTgwNQ%3D%3D\",\"description\":\"RootData profile\",\"timestamp\":1744927184713},{\"id\":\"HhDJgKL8fR\",\"url\":\"https://clay.earth/profile/kirill-kutakov\",\"description\":\"Kirill Kutakov profile\",\"timestamp\":1744927184713},{\"id\":\"3rgzeynitV\",\"url\":\"https://www.youtube.com/watch?v=hegFaLspihA\\\\&t=252s\",\"description\":\"Types of Tokens explanation\",\"timestamp\":1744927184713},{\"id\":\"VeS8JBnJwY\",\"url\":\"https://www.youtube.com/watch?v=hegFaLspihA\\\\&t=2248s\",\"description\":\"Off-Chain Voting explanation\",\"timestamp\":1744927184713},{\"id\":\"lMOqMOpIBg\",\"url\":\"https://podcasters.spotify.com/pod/show/d-corenet/episodes/StakeWise-ETH-Staking--Compounding-Ethereum-2-0-Gains--DMITRI-TSUMAK-38-e17opc1\",\"description\":\"Podcast episode\",\"timestamp\":1744927184713},{\"id\":\"4rkVwJ8B1X\",\"url\":\"https://www.youtube.com/watch?v=hegFaLspihA\\\\&t=423s\",\"description\":\"Factors segment\",\"timestamp\":1744927184713},{\"id\":\"4ZvqW2uGRP\",\"url\":\"https://www.youtube.com/watch?v=hegFaLspihA\\\\&t=3467s\",\"description\":\"Risks of Staking segment\",\"timestamp\":1744927184713},{\"id\":\"oPxWg56hHJ\",\"url\":\"https://twitter.com/tsudmi?lang=en\",\"description\":\"Twitter profile\",\"timestamp\":1744927184713},{\"id\":\"MF3JH9XLSG\",\"description\":\"Conversation with NTT Integrator | YouTube\",\"timestamp\":1744927620773,\"url\":\"https://www.youtube.com/watch?v=UH_-OaULY1w&ab_channel=Wormhole\"},{\"id\":\"fhomUoY4gE\",\"description\":\"From Finding Bugs in Protocols to Making StakeWise | YouTube\",\"timestamp\":1744927676442,\"url\":\"https://www.youtube.com/watch?v=s3FTtjMIV2k&pp=ygUXZG1pdHJpIHRzdW1hayBzdGFrZXdpc2U%3D\"}]"},{"id":"twitter_profile","value":"https://x.com/tsudmi"},{"id":"github_profile","value":"https://github.com/tsudmi"},{"id":"website","value":"https://www.stakewise.io/"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmUDebxEk21aSG465QW8mb4MV8PEGYMYA9dDvKF3qRoBxG\""},{"id":"commit-message","value":"\"Republishing Dmitri Tsumak wiki with updated content and media.\""},{"id":"previous_cid","value":"QmUDebxEk21aSG465QW8mb4MV8PEGYMYA9dDvKF3qRoBxG"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["stakewise"],"founders":[],"speakers":[]}}