Through market volatility and turbulence in Ethereum, the Swellchain ecosystem continues to take shape.
Each Wave of rewards over the last month has brought a new aspect of the ecosystem into focus—from DEXs to AI-powered Tempest vaults and most recently lending with Euler.
Join us as we explore recent developments across Swell in our latest Deep Dive.
🌊⛓️ Swellchain Updates
Euler
Euler offers the opportunity to lend, borrow, and lever up your yield, and $18 million deposits were made on the first day of launching on Swellchain!
Earn SWELL rewards by:
- Supplying WETH liquidity to the Euler V2 vault
- Depositing rswETH as collateral
Check out the current reward earning opportunities on the Portfolio page.
Safe Wallet
Trusted multisig wallet, Safe, is live on Swellchain.
With Protofire’s Multi-Chain Safe feature, you can create a Safe on Swellchain and expand it to other Optimism chains and Ethereum while retaining the same Safe address.
Wavedrop claims migrate
Wavedrop claims are now open on Swellchain.
You have until the 21st of February to claim Wavedrop 1 and Wavedrop 2 with Black Pearls.
Unclaimed SWELL will be returned to the DAO.
Please submit a support ticket in the Swell Discord, or on the Swell app, before Feb 5th if you wish to claim on mainnet instead.
Claim Wavedrop 1 and 2 SWELL Rewards
🔓wSWELL Unlocks
wSWELL earned in Wavedrops can now be unlocked for $SWELL.
Visit the wSWELL dashboard on the Swell app, hit claim, and unlock the full value of SWELL after 10 weeks!
🔴 Optimism Season 7 Rewards
The Swellchain ecosystem is eligible for upcoming Superchain rewards, as part of Optimism’s Governance Season 7: Interoperability.
Check out the official Superchain Index.
🖤 Swell x Hyperliquid
Swell has joined the Hyperliquid ecosystem in a strategic collaboration on multiple initiatives, spanning both HyperEVM and Hyperliquid DEX.
First up: the Swell Foundation has acquired the $SWELL ticker on Hyperliquid.
tuned to learn more about this collaboration!
🔀 Symbiotic Mainnet Launch
Symbiotic’s latest mainnet launch brings more rewards to Swell users swETH and SWELL restakers can now migrate your assets ready for real-time restaking rewards to start flowing. No action is required from rSWELL and swBTC users. swBTC restakers are now securing the following the following Symbiotic Networks:
- PrimeV: Has launched points and will reward validators processing pre-confirmations, creating real restaking yield.
- Radius: Has several rollups in the pipeline which will incentivize operators and swBTC restakers.
- Kalypso: Is incentivizing hardware operators generating proofs with USDC and points based on marketplace dynamics.
- Ditto: swBTC restakers will receive points and eventually real yield when execution goes live on mainnet.
Note: To factor in the unbonding period for restaking assets on the upcoming Symbiotic mainnet, the withdrawal time for swBTC and rSWELL is now 18 days.
Migrate swETH to the Gauntlet Restaked swETH Vault
⏰ Discord Office Hours
Join us fortnightly on Thursdays for Office Hours in the Swell Discord. This is a chance to check in with the team, ask questions, or just chill with the Swell community. Next Office Hours will be held on the 13th of February, 11am UTC!
🎙️ Spaces and Podcasts
Swellchain Launch; What You Need to Know | Redstone Space
Our Chief Commerical Officer Kilian, joined Redstone’s Space to chat about the launch of Swellchain, with the teams from Etherfi and Ionic.
Listen to the recording
MetaMask Developer Community Call | MetaMask Space
Our DevRel Lead Fabian, joined MetaMask’s latest Community Call for a fireside chat on Swellchain.
Listen to the recording
💧 Liquidity
Swell x Berachain Boyco
rswETH has landed on Boyco! Users can participate by:
- Supplying rswETH on Dolomite
- Provide beraETH-rswETH liquidity on Kodiak
Supply on Dolomite
Provide liquidity on Kodiak
Tempest Vaults on Swellchain
Earn $SWELL rewards, plus $TEMPEST by depositing in the latest Tempest Vaults built atop Ambient on Swellchain.
- ETH/SWELL
- ENA/USDE
- rsETH/weETH
- ezETH/pzETH
- weETH/rswETH
Check out the yields and rewards on the Portfolio page
📣 Top Tweets
Deep dive into Swellchain stats with Mrfti’s Analytic Dashboard
Claims made easy (and cheap) on Swellchain
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.
