Liquid Staking Protocol Swell Network to Open Staking Deposits in April

Feb 23,2023,16:14

Ethereum liquid staking protocol Swell Network announced it will reopen staking deposits in April this year, and will launch $swETH, a reward-bearing liquid staking token.

According to Swell Network, $swETH will have full composability, fungibility, and liquidity. It will replace the protocol's previous design which revolved around atomic deposit / NFT model. Swell Network will also launch purpose-built vault strategies for $swETH.

Existing Swell stakers don't need to take any action, with the protocol to migrate stakers seamlessly.

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