# Dmitri Tsumak > Dmitri Tsumak is the founder of StakeWise, a platform offering Ethereum staking solutions. He is a blockchain enthusiast with extensive experience in computer s... - Canonical URL: https://iq.wiki/wiki/dmitri-tsumak - Categories: People in crypto - Tags: Layer 1, Developer, Founder, Infrastructure - Created: 2025-04-17T22:04:08.783Z - Last updated: 2025-04-17T22:23:44.594Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **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) # Career Tsumak 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) ## StakeWise On 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) # Interviews ## About StakeWise On 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) # Panel ## StakeWise Expansion During 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)