GM Aquanauts,
It's that time again.
The sun is out and the water is clear so let's deep-dive into what's been happening at your protocol.
The liquid staking narrative is continuing to pick up pace with more and more competitors entering the arena.
It's great to see a push for diversity, but overall, the DAO is confident that our offering will be extremely compelling when we hit go-live in a couple weeks! Mark your calendars because April is going to be a big month for the community.
Audits locked in
Security is a core tenet at Swell DAO and in line with this, we've locked in audits to provide further assurance around our upgraded architecture. Sigma Prime have been engaged with their work expected to kick off in mid March.
Guarded launch update
The DAO is pleased to inform you that it's still smooth sailing on the run-up to launch. We will be releasing an in-depth post in the coming days about the specifics around our guarded launch and indicative timing for when we expect to come out the guard and into a fully open and permissionless Swell. We cannot wait!
We have some exciting collaborations in the works with Aura Finance which we will be releasing more details on very soon. Suffice to say, swETH will be one of the best DeFi strategies in town and early stakers can expect outsized rewards for helping to secure the Ethereum blockchain and provide liquidity to our LST.
LSD taxes 101 with CryptoTaxCalculator
If you didn't catch our latest Spaces with our frens from CryptoTaxCalculator (CTC), please tune in here: Swell x CTC Space . In the roundtable chat, Swell core contributors Baley and Daniel, together with Paddy from CTC touch on taxes and the future of the LSD market.
Whether you're a shrimp, whale, or certified degen, you'll find some alpha on this call, especially with regard to swETH's advantage of other standard rebasing tokens like stETH for hodlers.
