What is Swell Network?
Swell Network is an innovative decentralized finance (DeFi) platform that offers a seamless liquid staking and liquid restaking experience for Ethereum (ETH) users. By staking ETH on Swell, users receive liquid staking tokens such as swETH and rswETH, which accrue rewards over time. This enables users to earn passive income from their staked assets without sacrificing liquidity, allowing them to utilize these tokens within the broader DeFi ecosystem to maximize returns.
Swell Network features an Ethereum layer-2 network, Swell L2, designed to enhance staking efficiency and reduce costs. This network uses rswETH as the native gas token, integrating liquidity from the Polygon ecosystem and leveraging advanced security mechanisms provided by EigenLayer. The platform is committed to high security and transparency, collaborating with leading blockchain auditors and risk management firms to ensure the safety of user funds.
Swell integrates with numerous DeFi platforms such as Uniswap, Balancer, and Aura, allowing users to leverage their swETH and rswETH tokens across multiple protocols to boost their yields.