With our token launch successfully completed and the tailwind of a bullish market propelling us forward, we’re charting a steady course towards the highly-anticipated launch of Swellchain.
Other exciting news includes a call for governance delegates to join the Swell DAO, the migration to Optimism, and the launch of the earnBTC vault.
Dive on in to explore all the latest developments from across the Swell ecosystem.
✨ $SWELL claims are open!
Voyagers can head on over to the Swell app to claim your $SWELL tokens, or restake your $SWELL for rSWELL and pre-deposit it in Swell L2 to earn boosted rewards!
You can learn more about SWELL, including utility, distribution, and how to maximize your airdrop in our tokenomics.
Learn more about SWELL tokenomics
$SWELL earned in Wavedrop is also now available to claim on the Swell City dashboard!
Claims are open for 30 days. Don’t forget that you can continue to ride the famous waves of Swell City and earn Black Pearls by simply holding swETH, rswETH, swBTC, and rSWELL, or using them in supported DeFi integrations.
Learn more about how to earn Black Pearls with Swell!
🔴 Swell L2 is Migrating to Optimism
Swell L2 will join the Superchain as an Optimistic Rollup built on the OP Stack.
The move will see Swell L2 join the likes of Base, Unichain and Mode as an Optimistic Rollup, and become the restaking hub for the Superchain.
As part of this strategic transition, Swell will move away from the Polygon CDK, but continues to believe in the aggregated ecosystem that Polygon is building.
Learn more about Swell L2 on Optimism
⛓️ Swell L2 Updates
Swell L2 Devnet is live
Earlier this month we successfully launched the Swell L2 Devnet, and have been working closely with a number of top protocols that have since deployed their dApps on the Devnet to test the Swell L2 experience prior to launching to the public.
We are now in the final stages of readying Swell L2 for mainnet, which will introduce real assets and app deployments that will bring restaking yield and security to the Superchain.
Swell L2 is expected to launch in mid-late December!
Drosera will be airdropping to Swell L2 pre-depositors
Drosera has joined the list of protocols that will be airdropping to Swell L2 pre-launch depositors.
The decentralized security protocol provides trustless incident response for Web3, and will protect activity on Swell L2.
📣 Calling all future Swell Delegatooors
We are on a mission to transform the landscape of liquid restaking and we invite you, the Swell community, to join us.
As a Swell DAO delegator, you will play a pivotal role in our ecosystem, empowering our community and driving our platform forward.
You will be actively involved in governance, contributing to discussions, and shaping the future of Swell L2, all while being an influence within our DAO and the broader restaking ecosystem.
We invite you to join us in shaping the future of the restaking yield layer by filling out the form below, and letting us know why you would be a great fit as a genesis delegate for Swell L2 Governance.
Apply to become a Swell Delegate
🍸Swell Swoiree
The Swell team showed up at Devcon and welcomed L2 builders to our Swoiree in downtown Bangkok.
Special thanks to our Sponsors Chainlink, AtlLayer, Hemi, Radius, and Symbiotic.
🏦 Introducing earnBTC
Our newest Earn vault gives you an opportunity to earn yield and points on one of today's hottest assets — bitcoin!
Deposit your preferred form of Ethereum-based BTC in the vault to effortlessly earn both maximal risk-adjusted DeFi yield, and a selection of BTCFi points.
💲 earnETH Fee Changes
Forget complex platform and performance costs – the earnETH vault now charges a simple ~2% fee..
Deposit swETH, rswETH or supported LSTs to effortlessly earn points and best-in-class DeFi yield.
💧 Liquidity
Mint tETH with rswETH on Eclipse
tETH combines the largest yield-generating protocols on Ethereum into one easy-to-use default yield token.
$SWELL on Symbiotic
$SWELL has been added as collateral on Symbiotic with the cap filling up fast! Restakers can collect 10x Black Pearls and Symbiotic Points when they deposit.
Stake SWELL in Symbiotic
New rswETH Pool on Pendle
The Swell rswETH pool (26 June 2024) has set sail on Pendle’s seas.
Deposit your rswETH to ride the waves of mega yield for Black Pearls.
Deposit in the rswETH Pendle Pool
rSWELL Pool on Spectra
Choose between providing liquidity, locking in fixed yield, or levering up on Black Pearls with rSWELL on Spectra.
rswETH/ETH Pool on Tempest Finance
Simply deposit $ETH and let the AI-powered vault automatically capture both swap fees and arbitrage from depeg events. Plus depositors earn Ambient Points and 3x Black Pearls.
rswETH Migration on Karak
rswETH is among the first assets to the be integrated in Karak V2.
Migrate now to be ready to delegate and earn real yield.
🎙️ Spaces and Podcasts
The Future of SWELL
We hosted a Community Space where we covered the launch of SWELL, rSWELL, and Proof Restake ahead of our token generation event.
Gate.io x Swell AMA
Daniel and Abi joined the Gate team to celebrate the launch and listing of $SWELL, as well as answer the community’s top questions!
📣 Top Tweets
Learn how the Proof of Restake flywheel will drive boosted yield towards Swell assets.
Four Pillars explores the pioneering Superchain ecosystem that Swell will join.
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.
