TL;DR
- Swell is live on Ethereum
- Stakers can earn market-leading rates with zero staking fees through a simple and secure dApp
- Early stakers will have the opportunity to participate in Swell’s voyage to decentralized governance.
Swell's first version, Seawolf, has been unleashed on mainnet!
Stakers of all levels of experience are now invited to boost their yields by liquid staking with zero fees (for a limited time only).
Through a streamlined dApp, Swell makes liquid staking simpler than ever before. Stakers can earn among the highest yields available on the market, while retaining control of their ETH in self-custody. Yields are delivered through a reward-bearing token model, which minimizes tax headaches and makes it easy to deploy staked ETH to DeFi.
To ensure the highest levels of security, Swell has undergone extensive testing; including a smart contract audit by leading firm Sigma Prime, a testnet launch on Goerli, and a successful guarded private launch.
Early stakers will be recognized
The first phase of Swell's launch is expected to last for 30 days.
Staking and providing swETH liquidity during this period will be recognized as Swell progresses on its voyage to decentralized governance.
More details on the voyage will be released ahead of the departure date!
Liquid stake in three simple steps
Through a streamlined interface and simple reward-bearing token model, Swell enables you to earn market-leading staking rates with just a few clicks:
- Connect to Swell via MetaMask, WalletConnect, or Coinbase (and buy ETH directly through the onramp)
- Confirm your ETH staking amount.
- Withdraw swETH and automatically accrue staking rewards.
Your swETH can then be traded, deposited, and yield farmed elsewhere in DeFi!
FAQ
Where can I hold my swETH?
As an ERC-20 token, swETH is compatible with Ethereum wallets including MetaMask, Ledger, Trezor, TrustWallet, and MyEtherWallet.
Where can I deploy my swETH for additional yield?
You can earn additional yield by providing swETH liquidity in Aura/Balancer.
When will vault functionality be made available?
Vaults will be coming to Swell shortly after mainnet.
These vaults will enable stakers to easily get one-click exposure to various different DeFi strategies: ranging from liquidity providing all the way to leveraged staking and options-based delta-neutral vaults.
Does Swell have smart contract audits?
Swell’s smart contracts have been successfully audited by Sigma Prime. More audits to come.
What is the Swell token distribution plan?
More info coming soon.
What are the risks of staking with Swell?
Swell prioritizes security above all else, but as with any liquid staking protocol, there are a number of risks:
- Smart contract risk
- ETH 2.0 technology risk
- Penalties and slashing
- swETH price fluctuations
Read more about the risks of liquid staking in the Swell Docs.
