XP Coin
Earn XP Now
Swell Network airdrop Image

Swell Network

Category: Restaking, LRT (Liquid Restaking Token)

Light Mode Disabled

Overview

Total XP Rewards

60

Estimated Rewards

$10M

Funding

$3.75M

Current Stage

Season 3

Total value locked

$1.28B

Unique Users

110,646

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/3

TGE

November-2024

Type

Restaking

Confirmed

Yes

Date

11 months ago

Introduction

  • Swell is a non-custodial staking protocol with a mission to deliver the world’s best liquid staking and restaking experience, simplify access to DeFi, while securing the future of Ethereum and restaking services.
  • Swell’s mission is to create a more secure, decentralized and transparent financial future for the world that does not discriminate or censor economic freedom.

Tasks

task-link

Fundamentals

  • Swell Labs was formed to build a liquid staking protocol to provide the holders of Ethereum the means to earn yield through staking without the constraint of locking up capital.
  • Swell, The L2 for Restaking is live. Deposit swETH, rswETH, and other supported assets in the pre-launch to get airdrops from projects building in this new restaking ecosystem.
  • The beginning of that journey for Swell starts with continuing to advance liquid staking as one of the fundamental building blocks of modern day decentralized finance (DeFi) that is composable and fully integrated with the Ethereum ecosystem.
  • Swell provides users with a non custodial means of liquid staking and restaking via a transferable ERC-20 token (swETH & rswETH).
  • rswETH is an ERC-20 Liquid Restaking Token that provides liquidity for users who are wanting to "restake" their ETH into restaking protocols such as EigenLayer without requiring a 32 ETH minimum, operating a node or having their restaked ETH locked.

Potential Rewards

  • Swell is also building the L2 for restaking by leveraging restaked roll ups by AltLayer, altogether built on top of the Polygon zkEVM stack.
  • Bonus Swell L2 mainnet launch airdrop
  • Bonus Swell L2 airdrops from ecosystem projects
  • 1M EigenLayer points giveaway for depositors in the first 4 weeks
  • EigenLayer points
  • LRT and other points
  • Staking yield

Investors

  • Framework Ventures
  • IOSG
  • Maven 11 Capital

Audit

  • Sigma Prime
  • Hexens
  • Immunefi

Hybrid Strategy

task-link
Stake on Balancer, weETH-ezETH-rswETH
task-link
Stake on Pendle, rswETH Pendle LP June 2024

Features

  • Higher yields- Swell enables you to access both staking yields and DeFi opportunities from one single interface.
  • Lower fees- The average ETH staking APY sits at roughly 4%, which doesn't leave much room for staking providers to levy their own fees.
  • No minimum stake- Enabling anyone to earn rewards by staking with only a few dollars worth of ETH.
  • 100% alignment with Ethereum- Swell believes in a dynamic liquid staking market that preserves the diversity and decentralization of Ethereum.
  • Fully-vetted node operators- When things go wrong and node operators display harmful behavior, staked assets can be forfeited to the network.
  • Full self-custody- Swell's self-custodial staking enables you to keep assets in your own wallet and receive staking rewards without compromising on control.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

By clicking "Accept All Cookies", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in improving your experience.

Cookies Settings