Welcome Aquanauts to another Deep Dive!
We’re getting closer to the end of the Voyage at Swell City, and are busily preparing for the launch of SWELL.
Meanwhile, we’ve passed a few big milestones including the joining of Chainlink BUILD and hitting 1 billion dollars in TVL! To top it off, swETH withdrawals are expected to be released imminently.
Take the plunge into this fortnightly newsletter for the latest updates from Swell.
🚢 swETH withdrawals
The Barracuda upgrade is currently undergoing final testing and we expect to enable withdrawals in the next 24 hours.
This will make it possible to unstake swETH at the underlying rate through the primary market – streamlining the process of swapping back to ETH and adding more reassurance for stakers.
More info about Swell Barracuda
📈 $1 Billion in TVL
Roughly 10 months after launching last year, Swell has hit $1 billion in TVL.
This is spread across liquid staking token swETH and liquid restaking token rswETH, along with funds held in the Super swETH vault
Celebrate with us on X
🏗️ Swell Joins Chainlink BUILD!
Swell has officially joined the Chainlink BUILD program.
As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of Ethereum liquid staking and liquid restaking, by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security.
🚆rswETH Lands on Pendle
rswETH has officially landed on Pendle and this new LRT pool racks up Pearls and EigenLayer Points in record time.
There are three ways to maximise your rewards on Pendle with rswETH:
- Buy YT for high-speed Pearls and Points
- LP for EigenLayer Points and 3x Pearls
- Buy PT for cheap rswETH
🐱 swETH and rswETH Deposits are Live on Zircuit.
Zircuit is an EMV-compatible, zero-knowledge rollup powering the potential of web3.
Swell has partnered with Zircuit to bring Pearls, EigenLayer Points and Zircuit Points to users who deposit their swETH or rswETH into the pool.
🍊rswETH Deposits Live on Karak
rswETH has became the first LRT to be integrated with Karak, the L2 for risk management.
💧Liquidity
weETH-rswETH #92 Live on Maverick
Swell have again partnered with Ether.fi to create the first Maverick Boosted Position filled with unparalleled rewards.
Our new rswETH-weETH pool yields EigenLayer Points on 100% of your position, as well as 2x Pearls, Ether.fi points and Maverick points on your entire deposit composition until 13.03.24.
LP in Position #92 on Maverick
rswETH Pool Live on Equilibria
The new rswETH pool is now live! By providing liquidity in the rswETH pool, users will get numerous LRT benefits such as boosted APYs, EigenLayer Points and Pearls.
WETH-rswETH Pool on Bunni
We have deployed the WETH-rswETH Pool on Bunni! Users can deposit into the pool to earn 2x Pearls until 16.03.24, EigenLayer Points, Uniswap swap fees and oLIT incentives.
🙋Twitter Spaces and Podcasts
CCIP and Chainlink BUILD | Space
In celebration of our collaboration with Chainlink we were joined by Chainlink’s CBO Johaan to discuss BUILD and our integration with their industry standard CCIP.
Introducing rswETH on Pendle | Space
We were joined by TN from Pendle to talk about strategies for rswETH, including ways to accelerate your Pearls and EigenLayer Points earning.
Maverick x Swell x EtherFi: LRTfi | Maverick Space
We joined DeFi Dad, Etherfi and Maverick to dive into the innovations in LRTs and their Optimised Composable Liquidity on Maverick.
Restake like a DeFi Pro | OXK Space
Our Head of Growth Baley joined OKX in their recent space where they explore the restaking environment with LRT projects.
📰 Media
LRT Podcast | Bankless
Swell Founder Daniel, joined David from Bankless for a discussion on rswETH, Swell’s own native liquid restaking token.
Liquid Restaking with Swell | Notum
DeFi investment hub, Notum, published a detailed blog post on rswETH, the difference between LSTs and LRTs and the different ways you can utilise rswETH in DeFi.
📣 Top Tweets
Swell community legend Aibra highlights different rswETH DeFi opportunities
How to leverage swETH yield on Sturdy
The Tri-LRT Pool is now the third biggest pool on Balancer!
Join the Swell Community
Expect to receive your next edition of the Swell Deep Dive in two weeks.
Until then, stay up to date by joining us in Discord and following us on Farcaster, Twitter and DeBank.
