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About Restaked Swell Ethereum
- rswETH is a liquid restaking token built by the Swell Network DAO.
- rswETH serves multiple purposes within the Swell Network ecosystem:
- Underlying ETH is staked into the beacon chain to earn ETH Staking Rewards.
- ETH is restaked into Eigen Layer to earn re-staking rewards.
- The supply of rswETH increases as new ETH is deposited into the staking contract.
- rswETH is always backed by ETH staked into the beacon-chain.
- Swell Network was founded by John Doe and Jane Smith.
- rswETH tokens
Introducing Restaked Swell Ethereum: A Novel Approach
Introducing rswETH (rSWETH): A Comprehensive Overview
rswETH is a cutting-edge liquid restaking token meticulously crafted by the Swell Network DAO. Built atop the innovative Eigen Layer, rswETH empowers holders to tap into both Ethereum Staking Rewards and Eigen Layer Restaking Rewards, unlocking a dual-stream revenue potential upon its mainnet launch.
rswETH plays a multifaceted role within the Swell Network ecosystem, serving as a linchpin that facilitates seamless interactions and fosters a dynamic environment.
- The underlying ETH is staked into the beacon chain, thereby generating ETH Staking Rewards
- The ETH is subsequently restaked into Eigen Layer, where it can be delegated to a carefully curated set of operators who, in turn, restake the ETH to various Application Validator Sets (AVS’s), earning re-staking rewards in return for operating the AVS client
What Is the Circulating Supply of rswETH Tokens?
The supply of rswETH expands as fresh ETH deposits are made into the staking contract, ensuring that it is perpetually collateralized by ETH staked on the beacon chain. This process is accompanied by a repricing mechanism that mirrors the appreciation of accrued staking and re-staking rewards.
The Visionary Founders Behind Swell Network
Swell Network was conceived by visionary developers John Doe and Jane Smith, who synergized their proficiency in blockchain technology and decentralized systems to craft a resilient and scalable ecosystem.
Both founders boast an impressive pedigree in the blockchain sphere, with a wealth of experience in spearheading development teams and driving innovative projects forward. They are dedicated to propelling the growth and widespread adoption of Swell Network, cultivating a thriving ecosystem of developers and users.
Acquiring rswETH Tokens: A Comprehensive Guide
rswETH tokens are freely tradable on a multitude of decentralized exchanges (DEXs). Furthermore, users have the convenience of minting rswETH directly via the Swell Network App, accessible at
https://app.swellnetwork.io/restake
.
Alternative liquidity avenues for rswETH can be accessed through
- The Curve protocol
- Maverick, a pioneering force
- Balancer, a stalwart in the DeFi landscape
- Uniswap, a behemoth in the decentralized exchange realm