Swell announces that the re-staking chain Swellchain is now online

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Cointime2024/12/19 06:11

By:Cointime

According to official sources, Swell has announced the launch of Swellchain, a re-staking chain that aims to build a scalable and decentralized rollup and protect infrastructure through re-staking. This vision will be achieved through Proof of Restake, which uses Swell's liquidity re-staking assets to protect Eigenlayer AVS and Symbiotic Networks, providing critical infrastructure and services to the network.

Meanwhile, Swell has also launched two AVS: Ditto, which provides secure automation through its Keeper network, and Hyperlane, which provides interoperability for ezETH and pzETH.

Prior to the launch of Swellchain, a pre-release deposit activity was initiated, accumulating over $1 billion in assets from Swell, Etherfi, Renzo, and other re-staking protocols. In addition, Swellchain is also part of Superchain, with other partners including Etherfi, Renzo, Kelp, Ethena, EigenLayer, and Symbiotic.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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