Introduction
Swell Network is revolutionizing Ethereum staking and Layer 2 solutions with its high-performance liquid staking and restaking protocol. Designed for DeFi innovation, Swell offers scalability, robust governance, and enhanced security through its native SWELL token. This guide explores Swell's core features, tokenomics, ecosystem, and future roadmap.
Core Features of Swell Network
1. Restaking for Layer 2 Security
- Liquid Restaking Tokens (rSWELL): Users stake SWELL tokens to secure Swell's L2 infrastructure, receiving rSWELL in return.
- DeFi Integration: rSWELL can be deployed across DeFi platforms for additional yield while maintaining governance power.
2. Decentralized Governance via Swell DAO
- Proposal Voting: SWELL holders influence protocol upgrades, liquidity incentives, and grants.
- Community-Driven: Governance participation is weighted by SWELL/rSWELL holdings, ensuring decentralized decision-making.
SWELL Tokenomics
Token Use Cases
- Governance: Voting on protocol parameters and ecosystem development.
- Restaking Rewards: Earn rSWELL for securing the network, with additional DeFi yield opportunities.
Token Allocation
| Category | Allocation | Details |
|---|---|---|
| Voyage Airdrop | 8.5% | 7% linear distribution to stakers; 1.5% loyalty bonus for early adopters. |
| Vesting | 0.3% | Applies to top 0.3% of White Pearl holders to ensure responsible distribution. |
👉 Discover how SWELL compares to other staking tokens
Key Metrics (October 2024)
- Total Deposited: $961M+
- swETH TVL: $286M+
- Restaked ETH: 84,000+
Roadmap Highlights
Phase 0.1: Foundation
- Ecosystem incentives and partnerships.
- AVS onboarding through rigorous research.
Phase 1: Governance Infrastructure
- DAO contributor recruitment.
- Treasury management and grant allocations.
Phase 2: Full Decentralization
- Smart contract refinement.
- On-chain governance implementation.
Community Ecosystem
- Developer Grants: Funding for L2 projects.
- Institutional Interest: Growing collaborations with DeFi platforms and node operators.
FAQ Section
Q: How do I claim SWELL tokens from the Voyage airdrop?
A: Connect your wallet to Swell’s Voyage platform before the 6-month claim window closes. Unclaimed tokens revert to the treasury.
Q: What’s the advantage of holding rSWELL?
A: rSWELL offers DeFi yield opportunities while retaining governance power—best of both worlds.
Q: When will Swell’s L2 launch?
A: The team anticipates a rollout in Q4 2024, with phased feature releases.
👉 Explore the future of liquid staking
Conclusion
Swell Network merges Ethereum staking with Layer 2 innovation, offering users governance rights and restaking rewards. With strong community backing and a clear roadmap, SWELL is poised to become a cornerstone of decentralized finance.
For updates, follow Swell on X and join their Discord.
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- Detailed FAQ section
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