Swell L2 is migrating to the Optimism Superchain.
The move will see Swell L2 join the Superchain as an Optimistic Rollup built on the OP Stack.
An Ethereum-aligned scaling solution, the OP Stack powers all blockchains in the Superchain with the same modular open source and MIT-licensed codebase, focused on parallel development, openness, and transparency.
The restaking hub for the Superchain
The biggest names in DeFi — from electronics giant Sony, to leading DEX Uniswap, and CEXs such as Coinbase and Kraken — have all chosen to usher in the next era of Ethereum scaling by leveraging Optimism’s battle tested and open-sourced codebase, the OP Stack. . Developed by Optimism core contributors, the OP Stack is the codebase under the surface of the Superchain, an interconnected network of chains that adhere to a shared set of technical standards, principles, and will benefit from interoperability between chains. These chains benefit from shared protocol upgrades and security, as well as access to grants and programs like Retro Funding that rewards builders across the Optimism ecosystem.
As the restaking yield layer, Swell will bring restaking yield and security to the Superchain. This will be achieved through Swell L2's unique Proof of Restake mechanism, which will maximise the capital efficiency of staked assets and set a unique flywheel in motion to drive growth, liquidity, and security.
To meet Superchain requirements, small changes will be made to the design of Swell L2. These include the usage of ETH as the gas token for the rollup, and the dedication of a portion of sequencer revenue to the Optimism Collective.
"The Superchain is home to the biggest success stories in DeFi, with 4 of the top 5 chains utilizing Optimism’s OP Stack. Swell is excited to collaborate with OP Labs and the wider Optimism Collective to build out our shared vision for scaling Ethereum — and make Swell L2 the home of all restaking activity in the Superchain."
— Daniel Dizon, Swell Founder
"Swell demonstrated early success with Swell L2, which quickly reached $1B in pre-launch TVL. As part of the Superchain, Swell will be supported by a network of successful blockchains, which together form a positive-sum network in which the success of any single chain benefits all chains in the ecosystem.We’re glad to welcome Swell L2 to the Superchain and look forward to growing Ethereum to internet-level scale together!”
— Mark Gerhart, Optimism Partnerships Lead
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.
Stay tuned for news of the upcoming release of the Swell L2 testnet.
