diff --git a/app/components/UI/Stake/hooks/usePoolStakedDeposit/index.ts b/app/components/UI/Stake/hooks/usePoolStakedDeposit/index.ts
index fc45f3c0477..bd696294e1e 100644
--- a/app/components/UI/Stake/hooks/usePoolStakedDeposit/index.ts
+++ b/app/components/UI/Stake/hooks/usePoolStakedDeposit/index.ts
@@ -1,4 +1,3 @@
-import { captureException } from '@sentry/react-native';
 import { ChainId, PooledStakingContract } from '@metamask/stake-sdk';
 import {
   TransactionParams,
@@ -8,6 +7,7 @@ import { ORIGIN_METAMASK, toHex } from '@metamask/controller-utils';
 import { addTransaction } from '../../../../../util/transaction-controller';
 import { formatEther } from 'ethers/lib/utils';
 import { useStakeContext } from '../useStakeContext';
+import trackErrorAsAnalytics from '../../../../../util/metrics/TrackError/trackErrorAsAnalytics';
 
 const ZERO_ADDRESS = '0x0000000000000000000000000000000000000000';
 
@@ -68,21 +68,17 @@ const attemptDepositTransaction =
       });
     } catch (e) {
       const errorMessage = (e as Error).message;
-      captureException(
-        new Error(
-          `Failed to submit Pooled Staking transaction to transaction controller with message: ${errorMessage}`,
-        ),
-      );
+      trackErrorAsAnalytics('Pooled Staking Transaction Failed', errorMessage);
     }
   };
 
 const usePoolStakedDeposit = () => {
   const stakeContext = useStakeContext();
 
+  const stakingContract = stakeContext.stakingContract as PooledStakingContract;
+
   return {
-    attemptDepositTransaction: attemptDepositTransaction(
-      stakeContext.sdkService,
-    ),
+    attemptDepositTransaction: attemptDepositTransaction(stakingContract),
   };
 };
 
diff --git a/app/components/UI/Stake/hooks/usePoolStakedDeposit/usePoolStakedDeposit.test.tsx b/app/components/UI/Stake/hooks/usePoolStakedDeposit/usePoolStakedDeposit.test.tsx
index 60dba319798..27195b5842f 100644
--- a/app/components/UI/Stake/hooks/usePoolStakedDeposit/usePoolStakedDeposit.test.tsx
+++ b/app/components/UI/Stake/hooks/usePoolStakedDeposit/usePoolStakedDeposit.test.tsx
@@ -90,7 +90,7 @@ const mockPooledStakingContractService: PooledStakingContract = {
 };
 
 const mockSdkContext: Stake = {
-  sdkService: mockPooledStakingContractService,
+  stakingContract: mockPooledStakingContractService,
   sdkType: StakingType.POOLED,
   setSdkType: jest.fn(),
 };
diff --git a/app/components/UI/Stake/sdk/stakeSdkProvider.tsx b/app/components/UI/Stake/sdk/stakeSdkProvider.tsx
index 6736b6dd7ef..88c12506681 100644
--- a/app/components/UI/Stake/sdk/stakeSdkProvider.tsx
+++ b/app/components/UI/Stake/sdk/stakeSdkProvider.tsx
@@ -2,48 +2,80 @@ import {
   StakingType,
   StakeSdk,
   PooledStakingContract,
+  type StakingApiService,
 } from '@metamask/stake-sdk';
-import React, { useState, createContext, useMemo } from 'react';
+import Logger from '../../../../util/Logger';
+import React, {
+  useState,
+  useEffect,
+  createContext,
+  useMemo,
+  PropsWithChildren,
+} from 'react';
 import { getProviderByChainId } from '../../../../util/notifications';
 import { useSelector } from 'react-redux';
 import { selectChainId } from '../../../../selectors/networkController';
-import { hexToDecimal } from '../../../../util/conversions';
+
+export const SDK = StakeSdk.create({ stakingType: StakingType.POOLED });
 
 export interface Stake {
-  sdkService: PooledStakingContract; // to do : facade it for other services implementation
+  sdkError?: Error;
+  stakingContract?: PooledStakingContract;
+  stakingApiService?: StakingApiService;
   sdkType?: StakingType;
   setSdkType: (stakeType: StakingType) => void;
 }
 
 export const StakeContext = createContext<Stake | undefined>(undefined);
 
-export const StakeSDKProvider: React.FC = ({ children }) => {
+export interface StakeProviderProps {
+  stakingType?: StakingType;
+}
+export const StakeSDKProvider: React.FC<
+  PropsWithChildren<StakeProviderProps>
+> = ({ children }) => {
+  const [stakingContract, setStakingContract] =
+    useState<PooledStakingContract>();
+  const [stakingApiService, setStakingApiService] =
+    useState<StakingApiService>();
+
+  const [sdkError, setSdkError] = useState<Error>();
   const [sdkType, setSdkType] = useState(StakingType.POOLED);
 
   const chainId = useSelector(selectChainId);
 
-  const sdkService = useMemo(() => {
-    const provider = getProviderByChainId(chainId);
-
-    const sdk = StakeSdk.create({
-      chainId: parseInt(hexToDecimal(chainId).toString()),
-      stakingType: sdkType,
-    });
-
-    sdk.pooledStakingContract.connectSignerOrProvider(provider);
-
-    return sdk.pooledStakingContract;
+  useEffect(() => {
+    (async () => {
+      try {
+        setStakingApiService(SDK.stakingApiService);
+        if (sdkType === StakingType?.POOLED) {
+          const provider = getProviderByChainId(chainId);
+          SDK.pooledStakingContract.connectSignerOrProvider(provider);
+          setStakingContract(SDK.pooledStakingContract);
+        } else {
+          const notImplementedError = new Error(
+            `StakeSDKProvider SDK.StakingType ${sdkType} not implemented yet`,
+          );
+          Logger.error(notImplementedError);
+          setSdkError(notImplementedError);
+        }
+      } catch (error) {
+        Logger.error(error as Error, `StakeSDKProvider SDK.service failed`);
+        setSdkError(error as Error);
+      }
+    })();
   }, [chainId, sdkType]);
 
   const stakeContextValue = useMemo(
     (): Stake => ({
-      sdkService,
+      sdkError,
+      stakingContract,
       sdkType,
       setSdkType,
+      stakingApiService,
     }),
-    [sdkService, sdkType, setSdkType],
+    [sdkError, stakingContract, sdkType, stakingApiService],
   );
-
   return (
     <StakeContext.Provider value={stakeContextValue}>
       {children}