Swell is topping the staking charts and swETH liquidity is rapidly deepening. Get the latest in this fortnight's edition of your Deep Dive!
Jul 4, 2023
Despite only being live for a few short weeks, Swell is already among the ranks of the biggest liquid staking players.
We are topping the charts in percentage growth over the last month, and have become the 3rd-fastest growing liquid staking protocol by total amount of ETH staked — overtaking Frax and trailing Lido and Rocketpool!
In turn, swETH liquidity is deepening across DeFi: swETH-ETH has become the largest pool on Maverick, and our Aura pool is the largest of its kind on Pendle.
To get the latest on liquidity, listings, live community events and more, don your diving goggles and slip beneath the waves in this fortnight's edition of your Deep Dive!
🚢 Swell Voyage
Our early adopter program and airdrop campaign continues to onboard more stakers in search of precious pearls!
swETH Minting Bonus Extended
The minting bonus was extended at the end of June, meaning you can continue to earn 20 pearls for every 1 swETH minted through the Swell app!
Note that purchasing swETH on secondary markets such as Balancer, Maverick or Uniswap does not qualify for the 20 pearl minting bonus, and that looping swETH (defined as repeatedly staking then selling into our liquidity pools) will not be rewarded.
Coming up this week, Swell will be holding a special event with Japan’s largest crypto community: Kudasai.
📊 Swell Listings
Rated provides the staking industry's most credibly neutral source of open and transparent data.
Swell has now joined the list of reputable staking providers that disclose staking pool operations on Rated – enabling you to track rewards, Node Operator performance, APR rewards and more from a trusted source Swell page on Rated.
swETH claims the top spot on Maverick
With more than $14M in TVL, ETH-swETH is now the largest of all liquidity pools on Maverick.
LPers get both pearls and a little something else from Maverick!