News/Liquid Staking Protocol Swell Network to Open $ETH Staking Deposits in Late Q1

Liquid Staking Protocol Swell Network to Open $ETH Staking Deposits in Late Q1

Jan 17,2023,17:30

Liquid staking protocol Swell Network announced that it's upgrading its $ETH liquid staking architecture, and will open staking deposits in late Q1 2023. By then, users will be able to stake $ETH via Swell Network to receive $swETH, a liquid staking derivative.

$swETH is a reward-bearing token, which represents staked $ETH plus net rewards accrued over time. The accumulation of rewards will be reflected in the underlying price of $swETH, which should appreciate over time.

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