Low threshold and high returns: Reasons why you must follow Swell Network (SWELL)

I. Project introduction

 

Swell Network is an unmanaged ETH liquidity staking protocol designed for stakers, node operators, and the Ethereum ecosystem. Users can stake ETH and receive swETH to enjoy DeFi benefits. Swell's mission is to provide the world's best liquidity staking and re-staking experience, simplify users' access to DeFi, and ensure the future of Ethereum and re-staking services.

 

Swell allows ETH token holders to earn profits by staking without locking up capital. As the first protocol that allows Ethereum stakers to freely choose staking node operators, Swell also introduces Chainlink PoR to achieve on-chain auditing, ensuring the cross-chain or off-chain reserve collateral rate of any on-chain assets, providing users with a more secure, decentralized, and transparent trading platform.

 

II. Project highlights

 

The highlights of the SWELL project are as follows:

 

1. Non-custodial staking: Swell Network provides a non-custodial staking method, allowing users to earn staking rewards through swETH and rswETH tokens while retaining asset control, without affecting security.

 

2. Liquidity and flexibility: Users can earn both staking income and DeFi opportunities through swETH and rswETH tokens. These tokens can be used in various DeFi protocols, including providing liquidity, lending, etc., providing multiple sources of income

 

3. Low threshold: Swell Network lowers the threshold for staking, allowing users to stake any amount of ETH instead of the 32 ETH required for independent staking, allowing more people to participate in staking.

 

4. Technological innovation with security: The proposal adopts advanced technologies such as zero-knowledge (ZK) Validium Rollups for transaction processing and EigenDA for data availability. These technologies improve transaction speed, privacy, and actively conduct audits to ensure security.

 

 

III. Market value expectations

 

Swell Network, as a non-custodial ETH liquidity staking protocol, has huge market potential. According to official website data, the total amount of staked ETH in Swell Network is 281,553, and the annualized return rate (APR) of swETH is 2.33%, while the total annualized return rate increased by SWELL reaches 28.85%. The current number of stakers is 128,538.

 

The innovation of Swell Network lies in its combination of AltLayer technology and EigenDA data availability layer, and the use of rswETH as a local gas token. In this way, Swell can provide a highly secure and transparent staking environment, attracting a large number of users and developers.

 

In the long run, Swell's market value growth potential relies on its continuous technological innovation and expanding ecosystem. With more and more customer engagement pledges and re-pledges, Swell's liquidity and security will be further improved. In addition, Swell's community-driven governance model and strategic partnerships (such as cooperation with InfStones) will also drive its market value growth.

 

Similar projects such as Lido/Rocket Pool and other yields are mostly in the single digits, but because of the first-mover advantage, the current market value is about $1 billion and $200 million, Swell Network has high yields and many advantages, it is expected that after the market rebounds, it will gradually rise, and in the long run, it can surpass Ldo and has the potential to be a dragon.

 

Team and financing

 

The core members of the team include founder Daniel Dizon, Chief Technology Officer (CTO) Aaron Alderman, Chief Product Officer (CPO) Kevin Chee, and research director Abishek Kannan. Daniel Dizon is responsible for the overall strategy and direction of the project, Aaron Alderman is responsible for technology development and platform architecture, Kevin Chee is responsible for product development and User Experience, and Abishek Kannan leads research and innovation work.

 

In terms of financing, Swell completed a $3.75 million seed round led by Framework Ventures, with participation from IOSG Ventures, Maven Capital, Apollo Capital, Mark Cuban, Fernando Martinelli (Balancer), Ryan Sean Adams, and David Hoffman (Bankless).

 

V. Risk Warning

 

1. The crypto market is highly volatile, and the value of tokens may be influenced by market sentiment and the external environment.

 

2. Although Swell Network has adopted advanced security measures and technologies, such as zero-knowledge (ZK) Validium Rollups and Chainlink PoR on-chain auditing, there are still technical vulnerabilities and security risks.

 

VI. Official links

 

Website： https://x.com/avagoldcoin

 

Twitter： https://x.com/avagoldcoin

 

Telegram ： https://t.co/pjYHLE7OT2