Find out more about Swell and the opportunities it offers to ETH holders.
Swell
EVERSTAKE validator address
Delegating step-by-step
Although through the use of a liquid restaking service such as Swell, you can eliminate the inconveniences of a token lock-up and enjoy non-custodial staking, liquid restaking exposes stakeholders to interest rate risk, market volatility and additional slashing risks. Traditional staking, such as Everstake ETH non-custodial staking solutions, remains a straightforward and reliable choice.
How can I restake ETH through Swell?
- 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 in future, rewards for validating services of AVSs
NB:
- You will receive your rswETH automatically; they are minted in return.
- Neither Swell nor node operators, responsible for managing your stake on behalf of Swell, have no control over your funds, as Swell provides liquid non-custodial restaking. Swell's self-custodial staking enables you to keep assets in your own wallet, and receive staking rewards without compromising on control.
Where can I restake to Swell?
You can restake with Swell via its app, as it supports a wide range of wallets: Binance, Bitget Wallet, Coinbase Wallet, Ledger, MetaMask, Trust Wallet, and the Wallet Connect protocol.
Staking details
- Min amount to stake: no minimum deposit requirement
- Everstake fee: 5%
- 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.
- rswETH can be withdrawn at the primary market rate through the Swell app.
- To avoid waiting to withdraw, rswETH holders can instead swap out in minutes on the secondary market using a DEX or aggregator.
About 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.
Learn more about Swell on the official website:
Have questions about the liquid restaking or Swell? Contact us via email for more details or book a call with our Swell Blockchain Manager to ask your questions in person.
Everstake participation
Being a responsible validator is not limited to ensuring the blockchain works safely and soundly. It is also about ensuring a healthy ecosystem and protocol growth and development.
Everstake is proud to be 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.
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.
Do I own my stake when restaking and delegating?
+Yes, absolutely. Swell is a non-custodial staking protocol, thus node operators do not hold your stake.
What is the team behind Swell?
+Swell was initially developed by the team from Swell Labs who work in service as core contributors of the Swell DAO.
What is Swell DAO?
+The Swell DAO is a decentralised autonomous organisation that comprises holders of the SWELL token with a mission to transform the landscape of liquid restaking. With the SWELL governance token, the DAO maintains the Swell protocol by conducting key decision-making processes such as setting fees, appointing delegates, managing proposals, deciding on Layer 2 upgrades, determining AVS inclusion, and managing incentives and grants.
Service fees collected by the DAO are channelled towards research, development, and protocol enhancement.
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 the role of SWELL token?
+- Holding SWELL
SWELL is the native governance token of Swell DAO granting holders voting power on the Swell governance platform. Holders can propose and vote on changes to the protocol. This voting ensures that SWELL holders shape the future of the protocol in a manner that aligns with the community’s shared goals and values.
- Restaking SWELL
Beyond governance, SWELL plays a central role in securing the Swell protocol through governance token restaking on protocols like EigenLayer. Specifically, SWELL can be restaked alongside other assets like rswETH and swBTC, enhancing the cryptoeconomic security of Swell’s Layer 2 infrastructure services (AVSs), such as EigenDA, AltLayer and Radius.
rSWELL allows users to restake their SWELL tokens while retaining liquidity, unlocking new opportunities for yield generation across the broader DeFi ecosystem.
What is Swell Layer 2?
+Swell L2 is a restaked rollup supported by a grant from Polygon Labs, that leverages EigenDA and the Polygon AggLayer in collaboration with AltLayer, Chainlink, and Redstone. It is a ZK-Validium built on the Polygon CDK creating a hub for the next generation of DeFi.
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.
