Deep Dive | April 16th

The end of Q1 is a time to reflect on progress, with Swellchain now hosting hundreds of ecosystem integrations including dApps, infrastructure, and analytics platforms—all of which will soon be accessible via a new Swellchain website.

In the last two weeks,  our hackathon event—the Swell City Buildathon—has begun, and we’ve introduced new functionality to the chain including one click leveraged restaking on Euler.

Read on for more information about this and other highlights in your latest Deep Dive.

🌊⛓️ Swellchain Updates

Swell City Buildathon

The Swell City Buildathon is underway with TAIKAI.

Swellchain’s first hackathon is giving builders a chance to compete for $40k in prizes by building next-gen AVS infra, automated trading strategies, or DeFAI tools, across a number of tracks on Swellchain.

Register for the Swell City Buildathon

‍OpenOcean is live on Swellchain

Access seamless swaps and API onchain, and get the best price for your assets by tapping into liquidity across the ecosystem.

‍ Swap assets on OpenOcean ‍

Stargate USD₮0 is on Swellchain

USD₮0 is a single, unified, Tether-backed stablecoin for the Superchain powered by LayerZero -- which will be later upgraded to Native USD₮0. 

Seamlessly move USD₮0 across the Superchain ecosystem today via Stargate.

💻 Coming soon: Swellchain website 

The new Swellchain site will be your one-stop hub for everything Swellchain — from dApps and infrastructure to powerful analytics.

But that's not all… it will also give you a glimpse of something we've been quietly building behind the scenes: a brand-new restaking research tool that will give you access to real-time data, breaking news, and deep analytics from across the restaking ecosystem 👀

🕵️ Operation Octuple

You can now octuple your rewards on Euler!

Euler’s Multiply is live on Swellchain, enabling one-click leveraged restaking. Earn 8x $SWELL for borrowing ETH against rswETH and weETH over the next two weeks.

‍ Multiply on Euler ‍

💰 Bonus EIGEN Claims 

Bonus $EIGEN from the Swell L2 Pre-Launch deposits is now claimable.

These tokens represent your share of 1M EigenLayer Points if you deposited in the L2 Pre-Launch during the first 4 weeks, and held until Swellchain’s launch on December 19th, 2024.

Claim your EIGEN rewards

💻 Swell x Obol Partnership

Swell is partnering with Obol to include Obol Distributor Validators, and opting into the Obol Incentive program to bolster restaking rewards.

Integrating with Obol enables Swell to increase the efficiency of liquid restaking, whilst boosting decentralization as we continue to gradually reduce centralization vectors across our node operator set.
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Learn more about Swell x Obol partnership

🌊 Swell Vaults on vaults.fyi

Swell Vaults are now live on vaults.fyi – including integrated strategies powered by Euler.

This opens up more opportunities for DeFi users to earn yield, as well as stack rewards from Swell, Tempest, and other ecosystem partners.

‍ Explore and allocate to vaults on Swellchain

🎙️ Events

‍Velodrome and King come to Swellchain | Space

We were joined by Tao from Velodrome and Joe from King Protocol, to dive into some of the opportunities that are available for KING users on Velodrome.

‍ Read the recap

Listen to the recording

‍Stargate USDT0 on the Superchain | Stargate Space

Kilian joined the teams from Optimism, Soneium, and Mode to discuss what USDT0 is, how it works and the value it brings to the chain.

‍ Listen to the recording
AVS roundtable summit 

Catch Kilian and Fabian in Dubai later this month for at the Staking Summit and Token2049.

We'll be meeting up with top AVS and hosting an AVS roundtable event for deep discussion on the future of restaking. 

please enquire in Discord if you wish to attend.

💧 Liquidity

‍Mellow Automatic Management

Mellow’s Automatic Management (ALM) toolkit it now live on Swellchain, supporting concentrated Velodrome liquidity pools including rswETH/ETH

‍ Learn how to use Mellow ALM for Swellchain pools ‍

📣 Top Tweets

Learn how Radius plays into Swellchain’s vision of Proof of Restake

Dive into trading insights on Swellchain DEX’s in this thread by The Degen Scope

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Join the Swell Community 

Expect to receive your next edition of the Swell Deep Dive in three weeks.

Until then, stay up to date by joining us in Discord and following us on Farcaster , Twitter and DeBank .

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