The Super swETH vault is winding down and deposits are now closed.
From Wednesday 17th April at 16:00 UTC, you will be able to withdraw your swETH from the vault without paying early exit fees or having your bonus pearls clawed back.
Here are all the details:
Pearl bonus clawback and exit fee removal
A timelock contract has been initiated to reduce the 1-2% vault exit fee to zero. This will take effect on Wednesday 17th April 2024 at 16:00 UTC.
In addition, the Pearl bonus clawback was removed yesterday at 10:00 UTC. All withdrawals from this point are not subject to bonus Pearls (above 1x) being clawed back.
Rewards ending
DAO revenue rewards have now stopped flowing to the vault, and all bonus Pearls above the standard 1x rate have stopped accruing.
What next?
This is not the end of Super swETH! The vault will be reimagined with a new strategy that is currently in development. Until then, you can opt to keep your swETH in the vault to continue earning 1x Pearls.
Alternatively, swETH is also accepted in the Pre-Launch Deposits for Swell L2. Deposit in the Pre-Launch to get a bonus airdrop from Swell, along with airdrops from other projects building on the L2, and a share of 1M EigenLayer Points!
If you have any questions about the vault, please go to the Swell Discord and ask in the general chat or share your address in a support ticket.
Note: The original expected maturity date of the vault was April 22nd, 2024, 180 days from inception. In accordance with the conditions stipulated in the FAQ on the vault page, Swell reserves the right to close the vault at any point before the full 180 days have elapsed.
