Swell (SWETH)

What is Swell?

Swell is a non-custodial liquid staking and restaking protocol with the goal of simplifying access to DeFi while securing the Ethereum network and powering services with shared security from restaking.

Users can utilize Swell to stake or restake ETH to earn Ethereum rewards and also AVS rewards for restaking, as well as to unlock the liquidity of staked token with a liquid staking token (LST) swETH or liquid restaked token (LRT) rswETH within the broader DeFi ecosystem.

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Learn about Swell

How to stake Swell (swETH)?

Validator Name: Everstake

Commission: 10.00%

Swell Staking Manual

• Step 1: Go to Swell app.

• Step 2: Connect a wallet

• Step 3: Enter ETH amount you would like to restake or select MAX to restake all your available ETH balance

• Step 4: Check APR, transaction fee and Swell statistics in the dropdown below “Stake” button. If all sounds good to you, click "Stake"

• Step 5: Enjoy ETH (Beacon Chain) rewards, liquidity of your restaked tokens and rewards for validating services of AVSs

Where can I stake Swell (swETH)?

You can choose a crypto wallet convenient for you and use the guide at the link or write to Everstake support and get more detailed information

Wallet Type	Wallet Name
Web	Swell app

Staking Details

Term	Description
Epoch duration
Everstake fee	5%
Auto-compounding
Fee to activate the wallet
First reward info
Reward frequency
Min amount ot stake	There is no obligatory minimum for commencing staking
Unstaking period	Unstaking takes at least 24 hours in the best case, and withdrawals are subject to waiting times of up to 21 days, with very occasional delays beyond this.
Stake activation time
Re-delegating activation time
Last Reward
Self-Bond
Active set
Slashing
Stake deactivation time

Why Everstake?

• Everstake is the №1 staking infrastructure platform, trusted by over 1.5M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 85+ supported chains with a reliability rate of 99.98%

• Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.

Everstake Participation

Everstake is one of the Node Operators maintaining the robustness and integrity of the Swell protocol and the Ethereum network as a whole. We ensure the highest security of the Ethereum network thanks to our battle-tested infrastructure and paving early access to new benefit opportunities for ETH stakers to earn additional rewards.

This goes far beyond just being infrastructure providers, as Everstake actively participates in the decision-making processes and community education while ensuring network security and decentralization.

Everstake receives rewards in rswETH and OBOL (using its DVT solution) tokens through Swell-Everstake (EigenLayer) operator.

FAQ

What is liquid restaking?

Liquid restaking token (for example, rswETH) provides liquidity for users who want to restake their ETH into restaking protocols such as EigenLayer and Symbiotic without requiring a 32 ETH minimum, operating a node or having their restaked ETH locked.

Users who restake, pool their ETH into a restaking pool that is then designated to be operated by a set of professional node operators who run validators on their behalf for native Beacon Chain rewards and in future rewards for securing services of AVSs.

How to navigate the Swell token offering?

• swETH – swETH is an ERC-20 token that represents a user’s staked ETH in the Ethereum through Swell inclusive of any accrued rewards and penalties from the consensus layer, and MEV and ‘tips’ from the execution layer. When a user stakes their ETH to the Swell, the ETH equivalent in Swell’s liquid staking token swETH is minted to the user. The amount of swETH held will not change over a period of time but the underlying value of the token will increase as the rewards accrue on chain.

• rswETH – rswETH is an ERC-20 Liquid Restaking Token that provides liquidity for users who want to "restake" their ETH into restaking protocols such as EigenLayer (in order to receive additional rewards from securing AVS) without having their restaked ETH locked.

• SWELL – the native governance token of Swell DAO, a decentralized community responsible for the development, growth, and maintenance of the Swell protocol. Discover more on the Swell token role below.

• rSWELL – a liquid restaking token introduced by Swell, designed to enhance the security and decentralization of Swell L2. It allows users to restake their SWELL tokens while retaining liquidity, unlocking new opportunities for yield generation across the broader DeFi ecosystem.

What is Everstake’s role in Swell?

Everstake is a node operator that performs validation tasks on behalf of Swell stakers and restakers to secure the EigenLayer AVSs ecosystem. Everstake reliable infrastructure allows to enhance network stability and security while upholding the ethos of decentralization.

Everstake professionalism, experience, and track record of reliable operation allowed us to become one of 8 onboarded node operators to service Swell users on EigenLayer, which aims to onboard trustworthy and established operators to foster a decentralized and secure protocol. This selection as Swell operator was based on the recommendation of Gauntlet, Swell's partner in terms of risk management.