Smile for the camera, Swell Citizens!
The Voyage has reached the shores of Swell City, and a snapshot was taken of White Pearls to mark the event.
Wade into this edition of your Deep Dive to find out whats next, and discover other recent highlights, including the launch of withdrawals and new bonuses for rswETH.
🚢 Voyage Enters Swell City
We have arrived at Swell City!
A snapshot of your White Pearls was taken at Block 20422895.
This snapshot marked the end of the Voyage and the beginning of a new opportunity to collect $SWELL rewards at Wavedrops every ten weeks in Swell City.
Following the snapshot, we’ll now be finalizing details of the TGE including anti-sybil measures and Loyalty Boost calculations. More details regarding the specific timing will be released this month.
How to ride the waves in Swell City
🔁rswETH Withdrawals
rswETH withdrawals are now live.
The upgrade followed a stringent security process, including audits from Nethermind and Sigma Prime.
How to withdraw rswETH
⛓️Swell L2 Updates
September PTs from Pendle are now accepted in the Swell L2 Pre-Launch
If you still hold a matured PT in a June pool, you are able to redeem them, and then redeposit September PTs from these pools without losing your share of the EigenLayer point bonus.
Pendle’s Guide to Matured Pools
Symbiotic LST Collateral Tokens are now on Swell L2
If you deposited an LST in Symbiotic, you can now put the receipt token in the Pre-Launch to qualify for airdrops from Swell L2, as well continue earning Symbiotic Points.
Amphor has arrived in the Swell L2 Pre-Launch
You can now deposit AmphrETH from Amphor to earn Symbiotic Points, Mellow Protocol Points as well as qualify for airdrops from Swell L2.
swETH/rswETH deposit bonus
As we look towards the launch of Swell L2 powered by rswETH, we are now offering a bonus to depositors of all Swell assets in Swell L2.
Holders of all Swell Tokens (including swETH, rswETH, and derivatives thereof) will now earn a greater share of airdrops for the same amount deposited in Swell L2.
From the snapshot, depositors of the assets listed below will earn a 1.5x multiplier on Swell L2 airdrops:
- swETH
- rswETH
- mswETH
- rswETH/swETH Pendle PTs
- Lyra rswETHC
- Symbiotic DC_swETH
💧Liquidity
New rswETH (Swell L2) Pool on Pendle
The new rswETH (Swell L2) Pendle Pool is now ready for migrators to roll into from the mature rswETH (Swell L2) Pool.
Deposit in the Sep rswETH (Swell L2) Pool
Deposit your PT’s in Adapter Vaults
As swETH and rswETH Pools on Pendle approach maturity, you can now migrate to Adapter for aPT-rswETH, which has no expiry and earns ADAPT Points.
Adapter vaults automatically roll into a new epoch, so you don’t need to worry about expiry again.
BTC via Thorchain
Something special is coming to Swell via Thorchain. Stay tuned for more info.
🙋Twitter Spaces and Podcasts
A Conversation with Abishek | PYOR
PYOR sat down with Swell’s Cheif Strategist Abi, to talk about liquid staking for DeFi, restaking and the bigger purpose of restaking ETH.
Weekly Pancake Talks | PancakeSwap
Abi recently joined Chef Fran from PancakeSwap to chat all things Swell and how you can earn $CAKE and Swell Pearls when depositing in the swETH/rswETH Pools.
The Restaked Rollup Panel | EthCC
Couldn’t make it to Rollup Day at EthCC? Catch up on the recording to learn why Swell is building a Restaked Rollup.
📣 Top Tweets
Pyro Research published an in-depth report on Swell L2 including its technical architecture, tokenomics and L2 performance.
Chris highlights a strategy for maximizing restaking yield with Symbiotic.
Join the Swell Community
Expect to receive your next edition of the Swell Deep Dive in three weeks.
Until then, stay up to date by joining us in Discord and following us on Farcaster, Twitter and DeBank.
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