Get ready to dive deeper than ever before, fellow Aquanauts!
This Deep Dive covers all the extensive highlights of the last fortnight — from swETH deposits opening on EigenLayer, to details of rswETH v2, and the opening of L2 Pre-Launch deposits.
Fill up your oxygen tank and wade in the water to get caught up on everything Swell!
⛓️Swell L2 Pre-Launch Deposits are LIVE
The next era of Swell restaking has begun!
You can now deposit LRTs and other supported tokens on Swell L2 to earn airdrops from multiple projects on Swell L2, Swell Szn 2 airdrop, a share of 1M EigenLayer Points, future restaking yield and more!
With over $270M TVL already in the Pre-Launch, the time to deposit is now!
🏦Swell Super swETH Vault closure
Swell’s Super swETH Vault is now closed. From today, you are able to withdraw your swETH from the Vault without paying the exit fees.
But this is not the end of Super swETH! The vault will be reimagined with a new strategy that is currently in development.
Withdraw your swETH from the Vault
✨Swell set to receive a grant from Polygon Labs!
Swell is set to receive a grant from Polygon Labs, tied to Swell’s ability to successfully integrate liquid staking and restaking tokens into the broader Polygon ecosystem with our upcoming Layer 2 using Polygon CDK.
The grant will catalyze development of the restaking ecosystem on Swell’s restaked rollup, unlocking new opportunities for both restakers, who will be rewarded for securing and utilizing AVSs, and projects building on the L2.
Read more about our grant in our blog post
🤝 Swell is Collaborating with OKX’s L2
This collaboration will unlock powerful synergies between Swell’s restaked rollip and OKX’s L2, both of which are built on Polygon’s CDK and will interoperate through the Polygon AggLayer.
Learn more about our collaboration
🔗rswETH is backed by Chainlink
rswETH is now backed by Chainlink Proof of Reserve, the industry-standard solution for verifying reserve assets.
The integration enhances the transparency and security of rswETH, enabling you to check the ETH backing at any time.
🔥swETH Deposits on EigenLayer are Open!
swETH holders can now deposit in EigenLayer and also delegate their stake to an operator of choice. The delegation is optional and does not currently earn additional yield.
swETH holders who restake their swETH through mswETH can secure extra Pearls and bonus airdrops by depositing it in our L2 Pre-Launch.
The mswETH Pearl multiplier increases as more mswETH is deposited into the Pre-Launch:
- 1.5x base rate
- 2x for 20,000 mswETH
- 3x for 30,000 mswETH
Higher Pearl rates will be applied retroactively as each milestone is hit.
Mint swETH (30 Pearl bonus)
Deposit in Eigenpie (30 Pearl bonus)
🌊rswETH v2 Upgrade Update
Our rswETH v2 upgrade is now scheduled to be released in late Q2. This upgrade will unify the Swell ecosystem and unlock three new key functions for rswETH and swETH holders:
1. Stake swETH for rswETH
2. Secure AVS's to receive restaking rewards
3. Withdraw rswETH through the app
Get more details in the blog
🌊Connect to Swell using Bitget Wallet
You can now connect to Swell using Bitget Wallet.
Mint rswETH on Bitget Wallet before the 28th of April to earn a bonus offer of 30 Pearls for every rswETH minted, and a share of BWB Points.
Pearls and BWB Points will be distributed to restakers following the bonus deadline.
Read the blog to learn how to qualify
🔗Swell Joins the zkLink Nova Agg Parade
Swell has joined the #zkLinkNovaAggParade!
You can now deposit swETH or rswETH on Nova and earn EigenLayer Points, Pearls and NOVA Points.
💻 Join us on Farcaster!
Make sure you are following the Swell account and join the Swell channel on Farcaster for all the latest updates and news!
Who knows what a follow may lead to? 🖼️🔍
💧Liquidity
PT-rswETH on Silo Legacy
A brand new PT-rswETH-ETH market is live on Silo Legacy, allowing users to leverage their fixed APY-bearing PT-rswETH.
Gyroscope swETH/wstETH E-CLP Pool
We have deployed our new swETH/wstETH E-CLP Pool on Gyroscope.
Users who supply liquidity will earn Swell Pearls and Gyroscope SPIN, double-sided concentrated liquidity and LST yield.
rswETH-ETH Pool on PancakeSwap
The rswETH farm is now live on PancakeSwap! Deposit rswETH or ETH to earn LP and CAKE rewards.
🙋Twitter Spaces and Podcasts
Unlocking Liquidity for LRTs with ZeroLend | Zerolend Space
Abi joined the teams from Zerolend, Etherfi, Puffer and Renzo to discuss LRT liquidity and DeFi.
Swell L2 Pre-Launch Deposits Open
Earlier this week we were joined by the teams from Etherfi, StakeStone, Eigenpie and AltLayer to discuss the opportunities offered by restaking and Swell L2.
Layers 2 and 3 | DaoChemist Space
Our Head of Ops Salex joined DaoChemist’s latest Space to discuss the world of rollups, Layers 2 and 3 with the teams from Mode Network, RARI chain and zkSync.
📣 Top Tweets
PinkBrains dig into the Swell L2 Pre-Launch
Learn about Redstone’s support for the rswETH price feed in the Core and Classic Oracle model
FourPillars cover Swell’s journey so far
Join the Swell Community
Expect to receive your next edition of the Swell Deep Dive in two weeks.
Until then, stay up to date by joining us in Discord and following us on Farcaster, Twitter and DeBank.
