swell

/swell153

Home of all things @swellnetworkio - gm

🎈 Is November the month when the swell airdrop will finally happen?

By now, we all know it won't be worth it.
But at least, then we get over with it.
What's the deal with Black Pearls? ⚫

Black Pearls can be used to claim $SWELL at Wavedrops every ten weeks, with the first coming 3 weeks after TGE.

Hold $swETH, $rswETH, and $swBTC or use them in approved DeFi protocols to earn Black Pearls.
What will happen first

1) Swell TGE
2) Cyle top
Programmatic Incentives will be distributed weekly to $rswETH holders as boosted yield.

No action will be required, with $EIGEN swapped to $ETH and auto-compounded into rswETH rewards using our Aera Vault, which optimizes the process to minimize slippage.
All the latest updates from Swell can be found in our Deep Dive 🤿🫧

This edition includes...

🌐 SSV integration
🛠️ Swell L2 development
📈 swBTC hits $30M+ TVL in 1 week

http://swellnetwork.io/post/deep-dive-september-20th
swBTC, swETH, and rswETH get boosted rewards of 1.5x Ecosystem Points on Swell L2.

Plus the points and yield—including Black Pearls, Symbiotic points, and staking and restaking rewards—native to each asset.

http://app.swellnetwork.io/swell-l2
Bubbly Finance is coming to Swell L2! 🫧

The first AMM-based pre-market DEX, Bubbly Finance will bring innovative pre-market trading to Swell L2, and will be airdropping to Swell L2 Pre-Launch depositors.

app.swellnetwork.io/swell-l2
Are you guys still expecting a TGE this month?

I would be surprised when we see the TGE in September to be honest.
The rswETH node operator set just expanded!

Meet the rswETH node operators and learn how they were selected to maximize network robustness and decentralization:

https://swellnetwork.io/post/expanding-the-rsweth-operator-set
A new rswETH/ETH market is now live on Morpho Labs! 🦋

Powered by Gauntlet, rswETH holders can take out a loan against their rswETH at 94.5% LTV.

Supply WETH to the Gauntlet WETH Core vault for 1x Black Pearls, and get 3x Black Pearls for lending rswETH.
Don't sleep on PancakeSwap rswETH yield! 🥞

With combined $CAKE rewards and fees, the Position Manager consistently offers double-digit APRs.

LP'ers also earn Black Pearls.

Deposit WETH: https://pancakeswap.finance/position-managers?search=rsweth&chain=eth
Loyal Swell stakers will be rewarded with a special bonus at TGE ✨

Learn more: http://swellnetwork.io/post/loyalty-bonus
How is $swBTC secured?
Why did we build on $WBTC?
Who makes the allocation decisions?

Get answers in the recap of our Space with Gauntlet and Yearn!

https://swellnetwork.io/post/securing-bitcoin-liquid-restaking
Easy peasy lemon squeezy! 🍋

PT-pzETH from Pendle and Renzo has landed on Swell L2.

Deposit it in the Pre-Launch to easily earn both 12% fixed yield and Swell L2 airdrops.

http://app.swellnetwork.io/swell-l2
swBTC has landed on Swell L2!

Deposit to accrue Swell L2 airdrops faster with 1.5x Ecosystem Points, while keeping your Black Pearls, Symbiotic Points, and future restaking rewards.

http://app.swellnetwork.io/swell-l2
swBTC has entered the biggest hub for BTCFi: Avalon Labs 🔥

Borrow, lend, and leverage against swBTC, and earn 5x Black Pearls, AVAF points, and lending yield for supplying WBTC.

https://app.avalonfinance.xyz/?marketName=proto_swell_btc_mainnet_innovation
How does swBTC fit into Swell L2?

The restaking yield layer will leverage swBTC, restaked through Symbiotic, to secure critical infrastructure services for the rollup.

swBTC deposits in Swell L2 Pre-Launch will open this week.
swBTC security

🔸Built on battle-tested Yearn v3
🔹Risk Guardianship from Gauntlet
🔸Vault strategy powered by Aera
🔹Audited by Nethermind and ChainSecurity

🛡️