We’re excited to announce that Swell is officially joining the Chainlink BUILD program.
As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of Ethereum liquid staking and liquid restaking, by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security. This comes in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Swell Network and further realize the adoption of liquid staking and liquid restaking in DeFi.
Swell: Non-Custodial Liquid Staking and Restaking for DeFi
Swell is a non-custodial Ethereum liquid staking and restaking protocol that makes it easy to stake and restake ETH and access DeFi strategies in one place. Swell aims to aid in the creation of a healthy market that is not dominated by any single provider, and preserve the core properties of decentralization and censorship resistance that make Ethereum so powerful.
In addition, our liquid staking token (LST) and liquid restaking token (LRT) aim to maximize economic freedom for holders by providing unparalleled opportunities in DeFi. This includes gamification and community initiatives such as the Voyage.
Why we Joined Chainlink BUILD
Swell Network joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Swell Network will receive key benefits, including access to and integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for secure cross-chain transfers, Chainlink Proof of Reserve for verifying cross-chain reserves, Automation for triggering smart contracts, Price Feeds for reliable market data, Functions for offchain data and custom compute, and access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, Swell Network will make a percentage of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join the Chainlink BUILD program as the Chainlink Network’s industry-standard services are essential to helping Swell support the adoption of liquid staking in DeFi. We look forward to continuing our collaboration together and we welcome the passionate Chainlink community into the Swell Network ecosystem.”—Daniel Dizon, Swell Founder
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
