In case you haven’t heard, there’s a new LST coming and it’s name is Swell Ether (swETH)
Mar 10, 2023
Thank you for joining us out on the waters today. In case you haven’t heard, there’s a new LST coming and it’s name is Swell Ether (swETH).
Swell is: Liquid staking made simple.
In this article, we’re going to deep-dive into more detail about what Swell is and how we’re different. Most importantly, we're going to let you know how you can get involved in our growing community today.
So please, without further ado, don your dive helmets, and let’s jump in!
So why Swell?
There are so many options out there for you when it comes to staking your ETH.
Admittedly, it’s a bit of a maze. Just off the top of our heads - and we're in this 24/7 mind you! - we have:
custodial, semi-custodial, and non-custodial offerings,
staking pools, private pools, and solo staking options,
centralized staking-as-a-service providers versus smart contract protocols,
centralized protocols, semi-decentralized protocols, and decentralized protocols,
liquid staking and vanilla staking,
permissioned and permissionless staking, and
so much more under the sun.
So the question is, what’s best for you and your ETH?
Well, if you’re interested in a non-custodial liquid staking protocol that’s been purpose-built from the ground up for crypto-native folks like you, then Swell is the place to be.
We’ve architected swETH to be as seamless as ETH itself and specifically built for DeFi. We are liquid staking made simple.
But why should I stake?
TLDR - Here are some of the top reasons to stake with Swell.
You can stake simply and access DeFi.
We're the best LST experience in DeFi. Staking has never been easier with Swell. Swell prioritizes simplicity and ease of access to all stakers, enabling them to seamlessly dive into the wonders of DeFi through our dApp and specifically tailored vault strategies.
You can save on fees.
Fees are reduced so more real rewards flow to you. The fee rate for staking ranges quite a bit across the market, from 10% through to 25% and even higher. With Swell, we’ll be reducing fees, which means that more of your rewards flow to your pocket.
You can stake with peace of mind.
We are audited by the best in the business. Security for Swell is our absolute number one priority. We are committed to ensuring the safety and security of our technology.
You can help secure Ethereum.
We all know we need to diversify the staking game and yet the market to continues to trend the way it does. Let's face it - the LST industry is here to stay. Therefore, it is critical that there be healthy competition and market drive for innovative LST protocols. These will be a balancing function against existing incumbents and will help capture new stake that is coming through the pipe. Additionally, with Shanghai, we are looking to position the protocol to capture what we believe to be a directional shift towards decentralized and non-custodial protocols like Swell.
But wait, there's more…
Our reward-bearing token (swETH) is the LST for you if like better tax treatment (NFA).
swETH will have real Proof-of-Reserves (PoR) providing you with fully ETH backing.
Swellnomics is dropping soon and will reshape how LSTs are governed to bring you more fairness, voice, and value.
Exciting partnerships to be announced with many of the protocols you know and use today!
How you can get involved
Now onto how you can get involved in the protocol.
Swell is a decentralized autonomous organization (DAO) - in other words - we’re a community-driven initiative and there's room for everyone on the vessel!
Our values promote:
good vibes only,
wide collaboration, and
alignment with Ethereum.
We want to support and incentivize the early supporters of the protocol and will be doling out rewards to most ardent Aquanauts within our community.
If you don’t know what an Aquanaut is yet, then simply join our Discord and you will be granted the role automatically.
There are opportunities to delve deeper into the protocol and achieve more perks and roles.
So what are you waiting for? Be sure to follow @swellnetworkio on Twitter and jump in our Discord.