We're checking the itinerary, packing our bags, and putting the final touches to the dApp as we prepare to depart on the Voyage.
There are now only eight days remaining, and we are now on track to have more than 3,000 Voyagers join us.
Keep reading to discover what the Swell DAO has been up to in the final few days before departure.
⛽ New dApp features
Ahead of the Voyage departure, we've refined the dApp with two fresh new features:
1. Gas Indicator
This handy feature shows current gas fees as measured by the Etherscan gas tracker.
2. Staking pool activity monitor
Click on Swell stats in the app, and you will now find a new page where you can verify recent activity by browsing staking transactions in the pool.
📊 Swell passes eight figures in TVL
More that one thousand individual stakers have joined in the last two weeks, and a total of more than $16 million worth of ETH is now staked with Swell.
📈 CoinMarketCap listing
You can now track the price of swETH and monitor liquidity pools and more on CoinMarketCap.
Note that market data has yet to be fully updated.
🙋Twitter Spaces
Maverick: Building a Capital-Efficient Market for swETH
To celebrate the launch of our new boosted swETH position on Maverick, we chatted about liquid staking, AMMs, and swETH capital efficiency with Maverick's Chief Builder Bob Baxley.
Read the Maverick Twitter Space recap
Liquid Staking and LsdFi with Balancer
We were joined by Mike and Tritium from Balancer to discuss Swell’s swETH pool and how LSTs are becoming an important value proposition in the DeFi space.
Read the Balancer Twitter Space recap
ION Protocol
Swell's very own 0xSalex joined ION Protocol's first ever collaborative AMA.
Timeless
Up next, we'll be joined on Tuesday 16th May by Dakotah from Timeless, to discuss Bunni's Liquidity Incentive Token (LIT) model, swETH liquidity, and the growth of Bunni and LSDFi.
⏰Set your reminder
🏛️ Ecosystem Council Launched
Swell DAO has now appointed the first set of Ecosystem Council members.
This elite group has been selected by the DAO for having deep knowledge of DeFi, and the ability to drive utility and ubiquity for swETH. Each member hails from a different background and brings their own unique perspective to the Council.
Meet the Swell Ecosystem Council
💧 swETH liquidity deepens
swETH liquidity is deepening across DeFi, and LPers can now benefit from boosted positions on both Maverick and Balancer.
Maverick
Last week we officially launched our boosted position on Maverick.
Aura/Balancer
swETH continues to flow into our boosted Balancer pool, and many LPs are earning additional rewards on Aura.
Bunni
Voting is ongoing for two proposals that could see swETH join the Bunni realms.
1) Approving WETH/swETH Gauge on Bunni with no emission cap.
2) Whitelisting Swell Msig for veLIT Locking.
Cast your votes here:
- https://snapshot.org/#/timelessfi.eth/proposal/0x7bd52b9ad6c26601d68c21aed01764ad447623b0d3ab5993f660735dcbceb83f
- https://snapshot.org/#/timelessfi.eth/proposal/0xf1d9a98e92cfad9740eb2e07d21a94b872e055918c9338c1ae441abb4b7e3780
Disclaimer: Swell is not responsible for any losses that may arise due to impermanent loss and smart contract errors or exploits when deploying tokens to third-party DeFi protocols.
🔥 swNFT burn
Swell has now burnt the swNFTs that represented ETH staked in the 2022 Guarded Launch. swNFT holders will now be airdropped 1 swETH for each 1 ETH staked in the Guarded Launch. The value of the swETH includes all accrued staking rewards.
Learn more about the swNFT migration
🧙♂️ Dune Dashboards
Some of the smartest wizards have created new Swell Dune dashboards, and others have added swETH to existing dashboards.
Check them out here:
🔹 Hildobby's ETH2 staking dashboard
📣 Top tweets
Diversity of staking providers is good for Ethereum
The percentage of ETH that is staked continues to grow...
Swell Thread from Hak Insights
Join the Swell Community
Expect to receive your next edition of the Swell Deep Dive in two weeks.
Until then, stay up-to-date by joining us in Discord and on Twitter.
