Swell is collaborating with permissionless restaking platform Symbiotic to decentralize and scale the core parts of Swell L2 infrastructure.
The upcoming Swell Token (SWELL) will be restaked to support the decentralization and security of Symbiotic networks, which will provide services such as sequencing, verification and finality to Swell L2.
Building on this, liquid restaking token rSWELL will enable the restaked SWELL to be used elsewhere in DeFi.
Multi-asset staking with SWELL
Swell L2 will employ multi-asset staking.
Symbiotic networks provide infrastructure to the L2, with each network secured by a diversified basket of assets comprising native gas token SWELL, along with Swell’s liquid staking tokens rswETH and swBTC.
This enhances the robustness of the network by coupling the network token SWELL with additional Swell assets that have lower volatility and deeper liquidity, preventing a situation in which the volatility of a single token negatively impacts security.
Securing Swell L2 with SWELL
Using SWELL — in addition to rswETH and swBTC — to secure and scale the Symbiotic networks powering Swell L2, will help Swell L2 overcome the centralization, security and trust issues that undermine other L2s.
And, it will drive a unique flywheel of restaking rewards for SWELL stakers securing the Symbiotic networks.
These networks include:
Decentralized Sequencing: Radius
Centralized sequencers, as used by most L2s, hold a single monopoly over the outcome of any block. This can pose risks including transaction censorship, downtime, and harmful MEV extraction. Radius resolves this with a shared sequencing layer built as a Symbiotic network, which takes a trust-minimized approach to ordering transactions.
Automation: Ditto network
Ditto network is a trustless actively validated keeper network that runs event-driven workflows with economic guarantees of execution, leveraging shared security. Ditto provides advanced automation tools to dApps on Swell L2, empowers developers to build faster, more feature-rich applications with improved security and automation.
Get ready for rSWELL!
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