Swell Network is a leading decentralized finance (DeFi) protocol that revolutionizes Ethereum staking through liquid staking and restaking solutions. As a permissionless, non-custodial platform, Swell Network allows users to stake any amount of ETH — removing the traditional 32 ETH minimum — while maintaining full liquidity and control over their assets.
What is Swell Network?
Swell Network is a decentralized, non-custodial liquid staking protocol built for Ethereum. It enables users to stake ETH and receive a yield-bearing token called swETH, which represents their staked ETH plus accrued rewards. This liquid staking token can be freely traded or used in other DeFi protocols, letting users earn additional yield without locking up their capital.
Swell Network’s mission is to democratize access to Ethereum staking, making it simple for anyone to participate and contribute to network security — regardless of their technical expertise or the amount of ETH they hold.
How Does Swell Network Work?
- Liquid Staking: Stake any amount of ETH and receive swETH, a tokenized representation of your staked ETH and rewards. swETH can be used across DeFi for trading, lending, or further yield generation.
- Restaking: Swell also offers restaking via rswETH, allowing users to earn additional rewards by securing other networks through protocols like EigenLayer and Symbiotic.
- Non-Custodial & Decentralized: Users retain control of their assets, reducing risks associated with centralized custodians. Swell operates transparently and permissionlessly.
- Marketplace for Validators: Swell lets users choose validators directly, creating a competitive staking environment and potentially improving rewards and security.
Swell Network Explorer
The Swell Network Explorer is a powerful tool for tracking on-chain activity on Swell’s blockchain. It enables users to:
- Search transactions and wallet addresses
- Verify smart contracts
- Analyze network statistics, including blocks, transaction counts, and gas prices
This explorer is essential for transparency and for users who want to monitor their staking or restaking activity in real time.
Swell Labs
Swell Network is represented by Swell Labs on LinkedIn, where it positions itself as a major contributor to liquid restaking for DeFi. The team is based in Sydney, Australia, and includes experienced professionals in blockchain, staking, and DeFi infrastructure. Swell Labs regularly shares updates on protocol developments, new products like swBTC (for Bitcoin restaking), and security initiatives.
SWELL Token Utility
The SWELL token is the backbone of the Swell ecosystem, serving several key functions:
Swell Network Ecosystem: swETH, rswETH, and L2
- swETH: The liquid staking token minted 1:1 when users stake ETH, representing both the principal and staking rewards.
- rswETH: A restaked version of swETH, enabling users to earn additional yield by securing other protocols.
- swNFTs: Non-fungible tokens that encapsulate swETH, staking rewards, and validator data, enhancing transparency and composability.
- Swell L2: Swell’s Layer 2 solution, powered by Proof of Restake, offers lower transaction costs and greater scalability. SWELL is used as the native gas token on this chain.
Security, Audits, and Investors
Swell Network prioritizes security, undergoing audits by leading firms like Sigma Prime, Cyfrin, and Mixbytes, and running bug bounty programs with Immunefi. The protocol is backed by investors such as Framework Ventures and has raised millions in funding to support its growth and innovation.
Frequently Asked Questions
What makes Swell Network different from other liquid staking protocols?
Swell offers direct validator selection, atomic deposits, and a robust restaking mechanism, all while maintaining a non-custodial, permissionless environment.
How do I track my Swell Network transactions?
Use the Swell Network Explorer to monitor transactions, blocks, and validator performance.
Where can I learn more or connect with the Swell team?
Visit Swell Network’s LinkedIn page for updates and team information.
How do I buy or trade SWELL tokens?
SWELL is available on top exchanges, including Bybit, Bithumb, Gate.io, and Kraken.
Conclusion
Swell Network stands out as a cutting-edge DeFi protocol, offering secure, flexible, and transparent Ethereum staking and restaking solutions. With its innovative approach, robust ecosystem, and active governance, Swell is poised to play a pivotal role in the future of decentralized finance.
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