Swell is exploring new horizons!
We've gone crosschain for the first time with swETH deploying on Arbitrum, and have been forging new connections and soaking up the DeFi vibes at Token2049 in Singapore.
Wade into the waters of this Deep Dive for an update on all the major events at Swell over the last two weeks, including the latest alpha on the best Pearl-earning opportunities.
📣swETH Goes Crosschain
Swell has ventured into new blockchain territories, with swETH now available on Arbitrum and more L2s and DeFi opportunities opening up in the coming weeks.
This is made possible through our integration with LayerZero, which turns swETH into an Omnichain Fungible Token (OFT) that allows seamless and secure swaps and transfers across chains.
To get started, bridge your swETH to Arbitrum via Stargate Finance and deploy it on KyberSwap, Trader Joe, or Ramses.
Note: Activity on Arbitrum, including holding and LPing swETH, is not currently rewarded with Pearls.
🛟 Raft integration
You can now deposit your swETH to borrow dollar-pegged currency $R, with a minimum collateral ratio of 150% and a fixed interest rate of 3.5% APR.
Plus, depositing your R into the R Savings Rate can earn you a fixed APR of 8%.
🍾 Swell at #2 on Maverick Leaderboard
swETH has snagged the second spot on Maverick's new leaderboard, pushing ahead of Tether's USDT and trailing Wrapped Ether (WETH).
This reflects the growing popularity of swETH on the DEX, which uses a concentrated liquidity model that makes it ideal for trading liquid staking tokens.
If you’re looking to LP, Boosted Position #42 is currently the most lucrative swETH position on Maverick with 2x Pearls until October 2nd!
🇸🇬 Swell takes Singapore
The Swell team hit Singapore last week to attend Token2049.
We participated in insightful discussions with partnering protocols, met some of our vibrant community members, and soaked up some of the dynamic energy that is driving DeFi adoption in the region.
If you we missed you at the conference, shoot us message on Discord to connect with the team.
🏦 Follow Swell on DeBank!
You can now stay posted on the Swell ecosystem on DeBank, the Web3 native messenger and portfolio tracker.
Make sure to follow us for liquidity updates, community events, and lucky draw giveaways!
🙋Panels and Podcasts
Staking Innovation and What Comes Next? | IOSG OFR Singapore Panel
Our Founder Daniel, was joined by Collin Myers (Obol Network), Kirill Kutakov (StakeWise), Laszlo Szabo (Kiln), and Lorien Gabel (Figment) on a panel discussion at IOSG OFR in Singapore to discuss staking innovation and what’s coming next in the LST space.
Watch the recording
Swell x LayerZero: Taking swETH Crosschain
In our latest Space, we discussed crosschain swETH and the merits of the Omnichain Fungible Token (OFT) model with LayerZero.
💧 swETH Liquidity
Maverick swETH-USDC Pool
Our new swETH/USDC pool recently went live on Maverick. You can directly swap stablecoins for swETH in this pool, or combine them both to provide liquidity.
LP in the new swETH/USDC pool
Ramses Exchange swETH Pools (Arbitrum)
Swell now has two swETH pools live on Ramses Exchange with incentives flowing to both.
KyberSwap ETH-swETH Pool (Arbitrum)
We have partnered with KyberNetwork to deploy an elastic yield farm on Arbitrum, with joint rewards now flowing to the pool.
Trader Joe swETH-ETH Pool (Arbitrum)
We have deployed a swETH/ETH pool that is currently offering double rewards in the form of JOE + swETH to humble farmers.
💎 2x Pearl Rewards
To help strengthen swETH liquidity, we are currently rewarding LPers in these positions with double Pearls until Oct 2nd!
Maverick Boosted Position #42
📣 Top Tweets
Easyflow has released a comprehensive deep dive exploring Swell’s mission and the Voyage
You can earn up to 8% by borrowing R against swETH
swETH is part of the newly launched yETH index
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 on Twitter.
