Tides of changes are sweeping over the liquid staking landscape, with Swell now live on mainnet and more than 2,000 ETH already staked.
At the same time, a mysterious countdown has started ticking amidst discussions of pearl hunting.
All the details are in this edition of your Deep Dive, so don your scuba mask and let's explore developments at Swell over the past fortnight 🤿
🎉 Swell is live on mainnet with zero fees!
After redesigning the protocol architecture, auditing the smart contracts , and conducting both a testnet launch and a private guarded launch — Swell is now fully public and permissionless on mainnet.
Plus, for a limited time only, Swell is offering zero fee staking!
🔹 Read the official announcement
🔹 Stake now: app.swellnetwork.io
🚢 The countdown is on!
Swell is set to embark on a voyage to decentralization.
All community members are invited to join us on this journey and collect pearls as early stakers.
More details will be made public ahead of the departure date!
🔥 10,000+ Twitter followers
We'd like to extend an enormous thank you to the Swell community for following us on Twitter and helping us pass this milestone.
🐛 Immunefi bug bounty launched
In our mission to make liquid staking simple, we are prioritizing security every step of the way.
As part of this, we have launched a Bug Bounty program to reward white hat hackers and developers for discovering and reporting bugs in the Swell codebase.
More details on the Immunefi bug bounty
🙋Community launch and Twitter Spaces
Swell's very own Baley and Salex joined unshETH for a fruitful discussion on the LSDfi landscape last week, and we hosted our own Twitter Space with InfStones – one of Swell’s Node Operators – to discuss how InfStones counters the intrinsic risks of staking
➡️ Get the Infstones spaces recap
In addition, the Swell community also celebrated the mainnet launch in Discord with a staking walkthrough and a special giveaway.
➡️ Read the launch event recap
💧 swETH liquidity
Aura/Balancer
Our bb-a-WETH / swETH pool is live on Aura/Balancer.
To provide liquidity into Aura, you first need to deposit into Balancer, and then deposit the bpt(balancer pool token) that you receive back into Aura. (APR on this pool will show as 0% until our Aura vote submissions go through on May 2nd.)
Maverick
Our ETH-swETH pool is live on Maverick.
Up next, swETH will be deployed on Uniswap v3 via Bunni Protocol.
📣 Top tweets
Liquid staking tokens have flipped DEXes
Swell is on DeFi Llama
Juicy yields, anyone?
Join the Swell Community
Expect to receive your next Deep Dive edition in two weeks.
Until then, stay up-to-date by joining us in Discord and on Twitter.
