Swell Network

Swell Network

Permissionless, non-custodial, and liquid ETH staking protocol that is built for stakers, node operators. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
CAD20—31m (Dealroom.co estimates Mar 2022.)
Sydney New South Wales (HQ)
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DateInvestorsAmountRound
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N/A

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$3.8m

Seed
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Seed
Total FundingCAD5.1m

Recent News about Swell Network

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Swell Network, accessible via swellnetwork.io, is a pioneering company in the decentralized finance (DeFi) space. It focuses on providing secure and efficient solutions for managing Ethereum-based assets. The company primarily serves tech-savvy investors, blockchain enthusiasts, and institutional clients who are looking to maximize their returns through innovative financial products.

Operating in the rapidly evolving DeFi market, Swell Network offers a range of services centered around Ethereum staking and yield generation. The company’s flagship products include swETH and rswETH, which are Ethereum-based tokens designed to optimize staking rewards. Swell Network leverages advanced technologies like Pendle for active management of these assets, ensuring that clients can maximize their returns.

The business model of Swell Network revolves around providing secure and decentralized financial services. It earns revenue through transaction fees, staking rewards, and partnerships with other blockchain entities. The company also places a strong emphasis on security, employing industry-leading firms like Sigma Prime, Cyfrin, and Mixbytes for smart contract audits and cybersecurity measures. Additionally, Swell Network collaborates with Immunefi, a leading bug bounty platform, to protect user funds and ensure the integrity of its systems.

Swell Network is also expanding its ecosystem with the introduction of Swell L2, a layer 2 solution aimed at enhancing scalability and reducing transaction costs. The L2 Pre Launch has already attracted significant interest, with over $1.4 billion in deposits. This new layer will be governed by the Swell token, further integrating the company’s various services and products.

In summary, Swell Network is a forward-thinking DeFi company that provides secure, efficient, and innovative solutions for Ethereum staking and yield generation. It serves a diverse clientele, including individual investors and institutions, and operates in the dynamic DeFi market. The company makes money through transaction fees, staking rewards, and strategic partnerships, all while maintaining a strong focus on security and decentralization.

Keywords: DeFi, Ethereum, staking, yield generation, swETH, rswETH, cybersecurity, smart contracts, Swell L2, blockchain.