The Voyage has begun and the amount of Staked ETH continues to grow! Dive in to get the highlights of the last fortnight.
May 30, 2023
Swell's growth is shifting up a gear as we enter the top 10 ETH liquid staking protocols on DeFILlama with more than 18,300 ETH staked.
This comes on the launch of the Swell Voyage, which has now seen more than 5,700 Voyagers descend into the uppermost layers of the ocean to collect pearls as they look to become citizens of the Swell DAO.
Without further ado, let's dive into those warm sunlit waters and discover all the highlights from the last fortnight at Swell.
🚢 Swell Voyage departs
The Swell Voyage has officially departed.
You are invited to become a citizen of the Swell DAO by descending into the ocean to collect valuable pearls that represent future governance power in the city of Swell.
You can now stake and provide liquidity throughout Chapter 1 and beyond, as we steer towards a new era of liquid staking and LSDfi.
Your pearl count will update on the Voyage dashboard weekly, every Wednesday at 02:00 UTC.
Swell has officially integrated with Chainlink Proof of Reserve to help ensure that swETH tokens are fully backed by staked ETH on a 1:1 basis.
Chainlink Proof of Reserve provides a best-in-class monitoring service for the ETH reserves backing swETH, that helps give users increased confidence and transparency into whether or not reserves are fully backed at all times on Ethereum’s Beacon chain.
Up next, our Founder Daniel and Head of Research, Abi, will be joining founding members from Tokemak and Maverick to deep dive into the Next Yield Paradigm in DeFi: building innovative liquidity stacks to maximize capital efficiency on LSTs.
Our proposal for a frxETH / swETH gauge on Curve has been approved.
unshETH Whitelist Proposal
We have released our unshETH index whitelist proposal for swETH. This integration is a small step towards further decentralizing the asset mix within unshETH. This will drive utility for swETH as well as provide market participants with additional liquidity via unshETH’s internal AMM.