As the perfect storm rocks the banking world, the tide is turning in favor of self-custody and decentralized open protocols.
Meanwhile, under the surface, Swell DAO is busily building the future of self-custodial liquid staking.
In this edition of your fortnightly deep dive, we have news about the swelling ranks of the Aquanauts, a sneak preview of the new interface, and key updates ahead of the coming launch.
So don your diving suit, and let's discover what's going on in the Swell ecosystem.
🤿 The Aquanauts are growing in number
You can now join us on our journey towards the Swell launch, and get rewarded for your contributions.
In our AMA last week, we welcomed the first Divers to our Discord roles program, which lets you earn Discord roles by completing different tasks.
Next up, tomorrow's AMA will see us open submissions for two new roles: Navigators and Submariners.
To get involved, join the AMA in our Discord on Thursday, March 17th. Exact timing will be be announced shortly.
🔍 Smart contract audit commences
Leading security firm Sigma Prime has officially started auditing Swell Network's smart contracts. This is expected to take two to three weeks and will set the stage for a secure Guarded Launch.
🧪Goerli testnet takes us one step closer to Shanghai
The final hurdle before Shanghai has now been cleared as the Shapella network upgrade was activated on Goerli. We did not expect any disruption, but were monitoring the impact closely with withdrawals to come into effect for existing validators on implementation of Shanghai.
Following this successful upgrade, we are now expecting to enable staking on Goerli as early as next week.
📅 Guarded launch set for early April
Assuming all goes well with the smart contract audit and internal testing, the guarded launch will now take place in early April.
This guarded launch is the first phase of making Swell public, and precedes a fully open and permissionless Swell!
🌊 Swell's new skin
We've listened to the community and created a simple yet distinctive user interface that makes it simple and easy for everyone to access DeFi.
As promised, here's a sneak peek before we open up testing on Goerli next week.
Goerli has successfully forked, enabling validator withdrawals on the final testnet!
Goerli forked!— timbeiko.eth ☀️ (@TimBeiko) March 14, 2023
DeFi > banks
CeFi collapsed, Banks are collapsing, what's standing firmly is DeFi. This is called adoption by resilience.— Stani.lens (🌿,👻) (@StaniKulechov) March 10, 2023
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.