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Ethereum's shift to a proof of stake (PoS) consensus mechanism has opened new avenues for investors to earn rewards and participate in network security. Enter Swell (SWELL), an ambitious project that aims to democratize access to Ethereum's rewards while preserving asset liquidity. This article delves into Swell Network's history, transformative features, SWELL tokenomics and more.
Key Takeaways:
Swell Network aims to democratize Ethereum staking by lowering entry barriers and maintaining asset liquidity.
The SWELL token enables governance participation and incentivizes activity within the Swell ecosystem.
Key features include liquid staking (swETH), restaking (rswETH) and cross-chain solutions (swBTC).
Swell’s Layer 2 is built on Polygon CDK, and aims to enhance scalability and reduce transaction costs.