- Swell Network’s innovative approach to scaling with the launch of its Layer 2 rollup chain.
- Unlike traditional Layer 2 designs, Swell adopts a “restaked rollup” framework developed by AltLayer, showcasing its commitment to exploring novel solutions for improving scalability and reducing fees in the DeFi space.
Swell Network, a liquid restaking platform, has announced plans to introduce its Layer 2 rollup chain, incorporating elements from EigenLayer. Departing from conventional Layer 2 models, Swell will adopt the innovative “restaked rollup” framework developed by AltLayer. Utilizing Polygon’s chain development kit (CDK) to operate as a zkEVM, Swell aims to launch its mainnet in the latter half of this year.
The Layer 2 solution promises users various advantages, including native restaking yield through Eigen, enhanced scalability, and reduced transaction fees. Moreover, the network’s gas token, rswETH, will facilitate transactions, while Swell’s forthcoming token will serve governance purposes.
The structure of Swell’s Layer 2 network will integrate actively validated services (AVS), leveraging EigenLayer’s specialized services to enable decentralized sequencing and verification. EigenDA will also be incorporated to fulfill data availability requirements.
Daniel Dizon, the founder of Swell, expressed that extending the platform’s liquid restaking offerings to Layer 2 represents a natural progression for the Swell community and DAO. Originally established as a liquid ETH staking protocol in 2023, Swell later expanded its focus to include liquid restaking products. In January, the platform introduced rswETH, a liquid restaking token seamlessly integrated with EigenLayer. Currently, Swell boasts a total locked value surpassing $1.1 billion across its liquid ether staking and liquid restaking offerings.
Swell Network: Pioneering Liquid Staking for Enhanced DeFi Access
Swell Network is a non-custodial liquid staking protocol dedicated to providing users with the premier liquid staking experience, simplifying DeFi access, and safeguarding Ethereum’s future.
Through Swell, individuals can earn passive income by staking ETH, thereby earning blockchain rewards and receiving a yield-bearing liquid staking token (LST) in return. This token can be held or utilized within the broader DeFi ecosystem to generate additional yield.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
