From borrowing and lending to Beach Club, get the highlights of everything going on at Swell!
Jul 18, 2023
As the Swell Voyage progresses and more stakers join, swETH is getting even more useful.
More than 9,000 Voyagers are now collectively staking more than 39,300 ETH, and a new integration with Gravita has unlocked borrowing functionality for swETH. This is the first of many similar lending integrations to come, and unlocks multiple new LSDfi strategies.
Take the plunge into this fortnight’s edition of your Deep Dive to learn more, and get all the highlights from everything else going on at Swell!
🧑🚀 Borrow against your swETH on Gravita
Swell has officially integrated with Gravita, enabling stakers to pledge swETH as collateral to borrow USD-pegged stablecoin GRAI.
Stakers borrowing against their swETH benefit from:
Access to stablecoins that can be deployed elsewhere or spent
Continued exposure to staking rewards and upside potential on the underlying ETH
Cost-efficiency with interest-free loans up to 80% of the swETH value
Note that depositors on Gravita do not currently earn pearls in the Swell Voyage.
The Swell Voyage is about community, not competition.
That’s why we’ve replaced the leaderboard with a Voyage map, enabling you to track your progress through different liquidity providing opportunities and pearl challenges (plus, a sneak peek of what’s to come in Chapter 2.)