🌊 Swell Network Weekly Recap 🌊

I took some time off to travel and celebrate my birthday the past couple weeks.

We're back this week with a big recap - there is a lot to cover (as always!) in the world of @swellnetworkio. 🐋

Let's dive in 🤿


2) Early in November, Swell TGE went without a hitch. Claims and staking worked without issue.

$SWELL is listed on leading exchanges like Coinbase, Kraken, Bybit, Bitget and more.

Was it worth the wait? Only time will tell.

3) Now that TGE is done, Swell's next focus is on launching the L2. 

The Devnet is already live. Poke around and see what's going on for yourself.

https://x.com/swellnetworkio/status/1856611237809033431

4) Neptune will be aggregating liquidity on Swell L2.

The goal is to provide CEX-like liquidity combined with DeFi freedom.

https://x.com/swellnetworkio/status/1856263078457049510

5) Tempest Finance is already live on Swell L2 Devnet.

They are advertising 13%+ on rswETH (with no emissions).

https://x.com/tempest_fi/status/1858165203558625746

6) How is that possible? 

Per Tempest, it's through Arbitrage Recapture Vaults. Read more about their strategy here.

https://x.com/tempest_fi/status/1858412069911191804

7) Brahma is bringing their bundling and automation to Swell L2 Devnet.

https://x.com/swellnetworkio/status/1860943338498847127

8) Blockscout is also already live on Swell L2 Devnet.

https://x.com/blockscoutcom/status/1861362998545391633

9) Ambient Finance is also bringing concentrated liquidity to Swell L2 (and is already live on Devnet).

https://x.com/swellnetworkio/status/1861702628629266737

10) Not to be left out, your BTC can now earn yield with Swell via the new earnBTC vault.

Hands off, maximal risk-adjusted DeFi yield (and BTCFi points). 🔥

https://x.com/swellnetworkio/status/1859874109297131875

11) The points didn't stop at TGE. 

Wavedrop 1 claims are already live.

https://x.com/swellnetworkio/status/1859531247262830862

12) Swell is looking for DAO Delegates.

If you are interested, apply below.

I already threw my name in the hat. 🎩

https://x.com/HatashiYamatomo/status/1858410686143164607

13) Want to go even deeper? Swell released another fortnightly deep dive, which is always an informative read.

https://x.com/swellnetworkio/status/1863394837875347847

14) Stay Swole. 🫡

https://x.com/swellnetworkio/status/1861398327776157906

15) As always, thanks for reading. See you next week! Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

16) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1854326103055438023

17) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/e5LhmXs

Swell Network Weekly Recap - December 2, 2024

🌊 Swell Network Weekly Recap 🌊

Tomorrow is a big day in the world of @swellnetworkio.

Maybe not quite as big as yesterday was for the USA, but still... 

Why? You'll have to keep reading.

Let's dive in 🤿

2) Tomorrow $SWELL will be claimable.

https://x.com/swellnetworkio/status/1853397809233580215

3) What can you do with $SWELL?

https://x.com/swellnetworkio/status/1854307893891477718

4) What is rSWELL? How is it different from SWELL?

https://x.com/swellnetworkio/status/1853732424313909566

5) More info on the tokenomics of $SWELL can be found in this blog post.

https://x.com/swellnetworkio/status/1854066436202979617

6) Missed today's Space about $SWELL and the future? You can catch the recording here.

https://x.com/swellnetworkio/status/1854129105375215922

7) As if the TGE wasn't enough for one update, Swell also announced that Swell L2 is migrating to Optimism.

https://x.com/swellnetworkio/status/1851051469170221413

8) @FourPillarsFP did a deep dive on how Optimism (with Swell) is Pioneering the L2 (and Restaking) Ecosystem. 

https://x.com/FourPillarsFP/status/1851072200587297133

9) @Layer2Roundup explains why Swell's move to Optimism makes sense.

https://x.com/Layer2Roundup/status/1851353318339293321

10) While dropping a governance token and moving chains, Swell also had time to upgrade their website...

 https://x.com/swellnetworkio/status/1851515682401484856

11) including a slick new Portfolio page. Check it out.

https://x.com/swellnetworkio/status/1853697661100278146

12) Want to go even deeper? Swell released another fortnightly deep dive, which is always an informative read.

https://x.com/swellnetworkio/status/1849687071587434513

13) As always, thanks for reading. See you next week! 

Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

14) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1849564541929357679

15) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/8Wpzioo

Swell Network Weekly Recap - November 6, 2024

🌊 Swell Network Weekly Recap 🌊

I asked ChatGPT to help me write the title post:

“As the weather cools down and Swell’s TGE draws near, @swellnetworkio is dropping new DeFi treats—no tricks, just a whale of a time!”

I'll just do it myself next time... 🤦

Let's dive in 🤿

2) Swell introduces earnETH. 

earnETH is Swell’s Ecosystem Earn vault built on Nucleus, delivering the best yield from DeFi and Swell L2.

Deposit one of the supported LSTs, and you automatically earn both maximum risk-adjusted DeFi yield and points.

https://x.com/swellnetworkio/status/1846830873678959065

3) Access the earnETH vault here.

https://x.com/swellnetworkio/status/1849010808719863921

4) Swell introduces Proof of Restake (PoR).

PoR creates a vertically aligned and secure ecosystem, staked assets are efficiently reused across multiple layers and chains – boosting security, deepening liquidity, and rewarding participants.

https://x.com/swellnetworkio/status/1846748860162687008

5) Read more about how Proof of Restake maximizes capital efficiency and sets a beneficial flywheel in motion at the link above, or via @Kairos_Res's post here.

https://x.com/Kairos_Res/status/1849207327997485377

6) Check how much $SWELL you will be able to claim here.

https://x.com/swellnetworkio/status/1844202607226782048

7) What's $SWELL and what does it do? 

You must have missed my last recap. Read more here.

https://x.com/TheBenMeadows/status/1843867855366029377

8) TGE Update (from Discord - Oct 13th):

A small but significant proportion (estimated 3.5%) of the airdrop has been allocated to those identified as Sybils, and we are now ensuring that any false positives are removed before this can be redistributed to genuine users.

9) Want to help promote Swell (like me)? Apply here.

https://x.com/swellnetworkio/status/1849352660140654727

10) As always, thanks for reading. See you again soon! 

Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

11) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1843867691914060006

12) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/PBTqVtN

Swell Network Weekly Recap - October 24, 2024

🌊 Swell Network Weekly Recap 🌊

I took a little break to recharge, but I'm back with another packed @swellnetworkio update.

Let's dive in 🤿

2) Read the recap of Swell's Space with @0xPolygon @alt_layer and @ankr here.

The vision that @AbishekFi lays out (a resilient restaked rollup built using ZK-validium technology with cross-chain liquidity 🤯) is really compelling.

https://x.com/swellnetworkio/status/1839284287880966373

3) It feels like Swell adds a new DeFi partner every week or so. 

I've been posting about Swell for almost 18 months now, and it's amazing to see just how far the network has come by steadily building. 

TVL is now over $1.5B (that's billion with a "B")!

https://x.com/swellnetworkio/status/1843525241018208757

4) I've spoken in the past about how I appreciate the way Swell has been building (purposefully, and with decentralization, security, and a long time horizon). 

@intotheblock does a great job showing how that translates into Swell's risk profile here.

https://x.com/intotheblock/status/1841841581680144638

5) One of Swell's recent innovations is swBTC - the 1st BTC LRT to offer restaking yield from the Ethereum ecosystem. 

@aerafinance does a deep-dive here on how everything works behind-the-scenes. Worth a read if you want a peek under the hood of BTCFi.

https://x.com/aerafinance/status/1838295504930709796

6) If you want to do more than just peak under the hood, here's the documentation for the swBTC SDK. 

Buildoors, integrate BTCFi into your dApp, platform, or product here.

https://x.com/swellnetworkio/status/1838825945886789737

7) With TGE right around the corner, Swell listened to the community's feedback and made some changes to upcoming Wavedrops and bonuses. 

I won't go into all the details here, but if you want to read more, pop into the discord.

https://x.com/swellnetworkio/status/1843222842529525822

8) Post-TGE, $SWELL will be able to be restaked on Swell L2.

More information about rSWELL (restaked SWELL) can be found in the blog post linked here.

https://x.com/swellnetworkio/status/1838485876936184278

9) $SWELL will not just be restaked on Symbiotic, but also on EigenLayer.

Read more here.

https://x.com/swellnetworkio/status/1841436553593397708

10) I'm not going to be in Bangkok, but I wanted to include this insane Swell / Moo Deng image in this rollup. 🤣

https://x.com/swellnetworkio/status/1842122923517280433

11) Want to go even deeper? Swell released another fortnightly deep dive, which is always an informative read.

https://x.com/swellnetworkio/status/1837029421221577043

12) As always, thanks for reading. See you next week! Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

13) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1835806250107634085

14) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/2eo1qxw

Swell Network Weekly Recap - October 8, 2024

🌊 Swell Network Weekly Recap 🌊

The last recap was super full of information, and this one is no different. As @swellnetworkio approaches TGE, they certainly aren't resting on their laurels.

Let's dive in 🤿

2) Swell L2 will bring native restaking yield to the AggLayer.

Learn about this and more in tomorrow's Spaces.

https://x.com/swellnetworkio/status/1835484796509880640

3) Read more about how Swell L2 is built on the Polygon CDK, and is using Ankr RPC & RedStone Oracle.

The testnet should be going live in early Q4. 🤞

https://x.com/swellnetworkio/status/1831600098033463525

4) If you missed the Spaces on swBTC and BTCFi a week or so ago, you can read the recap here.

https://x.com/swellnetworkio/status/1835631594393960634

5) Speaking of BTCFi, @HeyChristoph shares their strategy for BTC leveraged swBTC here.

This is a bit too degen for me, but to each their own. Maybe some of you degens will appreciate this.

https://x.com/HeyChristoph/status/1830617373117968481

6) Just can't get enough info on swBTC? 

@AVResearchAV put together a pretty comprehensive thread here.

https://x.com/AVResearchAV/status/1832126902485590208

7) They also did a great deep dive into Swell L2. 

Worth a read.

https://x.com/AVResearchAV/status/1830951144585339130

8) An interesting discussion on whether Swell L2 is net good or bad for Ethereum.

I'll keep my opinion to myself, but I always enjoy a robust debate.

https://x.com/AbishekFi/status/1832986629474283622

9) I mentioned it in my last recap, but here is some more info on the 7 new rswETH node operators, and how this will help Swell maximize diversity and decentralization across different domains.

https://x.com/swellnetworkio/status/1833037233508766204

10) An update on how to claim your S2 EIGEN tokens earned via Swell.

https://x.com/swellnetworkio/status/1831515950744805635

11) As Swell approaches TGE, stay safe from scams!

https://x.com/swellnetworkio/status/1831549825017638960

12) I mentioned this in the last recap, too: while TGE appears to be right around the corner, $SWELL is already available to trade on Bybit Pre-Market.

https://x.com/Bybit_Official/status/1831270988031430877

13) As always, thanks for reading. See you next week! Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

14) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1830030890732568699

15) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/wngulbj

Swell Network Weekly Update - September 16, 2024

🌊 Swell Network Weekly Recap 🌊

I was on vacation last week, but @swellnetworkio never takes a vacation. 

This is going to be an information-dense recap. This week we're talking about swBTC, @eigenlayer, and $SWELL. 

Let's dive in 🤿

2) Explore the technical architecture of swBTC with leading auditor @chain_security.

https://x.com/chain_security/status/1828797354809712802

3) @Kairos_Res looks at swBTC and the first two weeks of activity.

https://x.com/Kairos_Res/status/1828128954898592027

4) @ojo_network provides oracle services for swBTC. 

What does that mean? Read the blog post here.

https://x.com/ojo_network/status/1826984044803891496

5) Want to know even more about swBTC? 

Learn more in this recap of Swell's Space with @gauntlet_xyz and @yearnfi. 

https://x.com/swellnetworkio/status/1828359702750863515

6) Swell and @garden_finance announce native BTC/swBTC swaps on Garden are coming this Friday.

Trade from native BTC to swBTC on ETH in under 10 minutes! 🤯

https://x.com/swellnetworkio/status/1828720341541110018

7) Expanding The rswETH Node Operator Set

Swell welcomes 7 new rswETH node operators: A41, Chorus One, Everstake, Finoa Consensus Services, Luganodes, Pier Two & @P2Pvalidator.

This will help Swell maximize diversity and decentralization across different domains.

8) Loyal Swell stakers will be rewarded with a special bonus at TGE.

Read more here.

https://x.com/swellnetworkio/status/1828645762953363640

9) Speaking of TGE...

TGE is currently expected next month (September), but as of yesterday $SWELL is already available to trade on Bybit Pre-Market.

https://x.com/Bybit_Official/status/1829443950580527110

10) As always, thanks for reading. See you next week! Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

11) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1824937209805627687

12) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/9l4y0MX

Swell Network Weekly Recap - August 31, 2024

🌊 Swell Network Weekly Recap 🌊

I've been traveling a bit this month, so this recap is a few days late. This week, the big news in @swellnetworkio-land has to do with $BTC (or rather, swBTC). What does a restaking project have to do with Bitcoin?

Let's dive in 🤿

2) The headline news this week is swBTC. ‼️

Swell has launched the first Bitcoin LRT to offer restaking rewards from the Ethereum ecosystem. 🤯

swBTC holders will earn restaking yield from @symbioticfi ( @eigenlayer and @Karak_Network coming soon).

https://x.com/swellnetworkio/status/1823722077364609188

3) In less than 4 days, there is already over $13.5M of $WBTC deposited.

https://x.com/swellnetworkio/status/1824671267368341732

4) One of the things that continues to impress me about Swell, is their ability to work on multiple new things at once. The week prior to rolling out swBTC, Swell announced that more than 4k swETH validators have been onboarded to SSV. 

So what? ⬇️

https://x.com/swellnetworkio/status/1821455603451277363

5) SSV’s Distributed Validator Tech allows Swell to increase the efficiency of liquid staking, whilst bolstering decentralization.

This is important: it enhances the resilience and security of the protocol by preventing the concentration of power and potential collusion.

6) As promised, rswETH withdrawals are now live (and have been for a couple of weeks).

https://x.com/swellnetworkio/status/1818498477443408200

7) Now that rswETH withdrawals are live, and the snapshot is done, the Swell team is in the final stages of TGE preparation.

The team is currently working hard on finalizing listings, as well as completing the process of calculating Pearls. 🔜

8) Want to go even deeper? Swell released another fortnightly deep dive, which is always an informative read.

https://x.com/swellnetworkio/status/1818853382528156057

9) As always, thanks for reading. See you next week! Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

10) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1818014522977992833

11) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/GCNgnR2

Swell Network Weekly Recap - August 17, 2024

🌊 Swell Network Weekly Recap 🌊

This update is a little bit late because I've been traveling (and spent a night in the ER last week), but I think the wait will be worth it - there's some big @swellnetworkio news.

Let's dive right in 🤿

2) It's happening! The Voyage is ending sometime tomorrow with a snapshot.

Following the snapshot, the details of the TGE including anti-sybil measures will be announced (sometime in August).

Read this post for more info about airdrops and tokenomics.

https://x.com/swellnetworkio/status/1817835444220141797

3) rswETH withdrawals are on the horizon.

https://x.com/swellnetworkio/status/1817766678937440752

4) Now that rswETH withdrawals are imminent, the focus will move to the L2. 

What is Swell L2? Read more here.

https://x.com/swellnetworkio/status/1810935992402202807

5) One of the things I appreciate about Swell is just how ambitious the project is. Not only is it a leading LST/LRT project, but now $BTC liquidity is coming to Swell, too. ⚡️

https://x.com/THORChain/status/1811706504883634592

6) I wasn't able to make it to EthCC this year. But, I can still watch AltLayer Rollup Day 2024 here. 

There are a lot of good videos in this thread. Worth a watch.

https://x.com/swellnetworkio/status/1813184669329846331

7) This is pretty cool.

Tired of migrating Pendle tokens every epoch? @Adapter_fi can manage that for you.

https://x.com/Adapter_fi/status/1816126265465921866

8) Not only can Adapter manage your Pendle positions, but it can also be deposited into the Swell L2 Pre-Launch.

https://x.com/swellnetworkio/status/1816396741987688543

9) There have been several high-profile DeFi hacks this summer. This is a reminder to look twice and click once. STAY SAFE OUT THERE!

https://x.com/swellnetworkio/status/1811347713679905179

11) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1810877743242092793

12) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/eUEiVLA

Swell Network Weekly Recap - July 29, 2024

🌊 Swell Network Weekly Recap 🌊

The last couple of @swellnetworkio recaps have been some of the most information-dense yet. I'm going to try to keep this one a bit more succinct.

Let's dive right in 🤿

2) Swell Weekly Stats (July 2nd):

- TVL to $2.53B
- $1.54B+ pre-deposited in Swell L2
- Almost 300k total ETH staked and restaked

https://x.com/swellnetworkio/status/1807949734977720413

3) rswETH can now be used as collateral on Morpho Blue.

https://x.com/swellnetworkio/status/1808057468813300132

4) If you missed the recorded Space with @mavprotocol last month, you can listen to it here.

https://x.com/swellnetworkio/status/1803759708081398030

5) If you have matured PTs from @pendle_fi but aren't sure what to do with them to keep your Swell L2 bonus, read this.

https://x.com/swellnetworkio/status/1809046092899889238

6) Symbiotic-native amphrETH can now be deposited to the Swell L2 Pre-Launch.

https://x.com/Amphor_io/status/1810259305708368148

7) Want to read more about all the projects that are a part of the Swell L2 ecosystem? Check out this thread. It's quite impressive.

https://x.com/swellnetworkio/status/1805949009762402348

8) Want to go even deeper? Swell released another fortnightly deep dive, which is always an informative read.

https://x.com/swellnetworkio/status/1808713551848354271

10) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1807544691489198342

11) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/PoImaAs

Swell Network Weekly Recap - July 9, 2024

🌊 Swell Network Weekly Recap 🌊

Last @swellnetworkio update was packed - this one is shorter, but perhaps even more info-dense (so much that I held back some items for next time). 🤯

Also, I'm not even going to bother explaining this week's cover image. 🤣

Let's dive in 🤿


2) @SolvProtocol's SolvBTC (Liquid Yield Bitcoin) is coming to Swell L2.

https://x.com/SolvProtocol/status/1803044994560741883

3) Restaking diversity - there is more than one restaking ecosystem out there - Swell already supports two.

https://x.com/swellnetworkio/status/1802538360692715547

4) Swell is partnering with @alignedlayer to bring fast and cheap ZK verification to Swell L2.

https://x.com/alignedlayer/status/1803039955708748046

5) Want to learn more about Swell & Aligned's partnership? Listen to this recorded Space.

https://x.com/swellnetworkio/status/1805426827760222395

6) Swell & @VersatusLabs (Decentralized Cloud Infrastructure) had a Space earlier this month. 

Didn't have time to listen to it? Catch the recap here.

https://x.com/VersatusLabs/status/1803899723461324829


7) Swell is partnering with @gauntlet_xyz to act as the risk manager for rswETH. Read more here.

https://x.com/gauntlet_xyz/status/1803860128384348433

8) If knowledge is power, then you owe it to yourself to read this excellent deep dive on Swell from @pyorxyz.

https://x.com/pyorxyz/status/1804171244293808151

9) A Discord update from last week:

"Sigma Prime are currently wrapping up the rswETH v2 audit review and will share the report with us this week. We will then be going through a short remediation period to finalize any issues, with withdrawals to follow shortly after."

10) If you aren't familiar with Sigma Prime, they just finished the security audit for @paradigm's Reth Execution Client (which is super cool, BTW). 

You can see some of their previous audits (including Swell's Barracuda update) here.

https://github.com/sigp/public-audits

11) As always, thanks for reading. See you next week! Disclaimers: None of this is financial advice. Always do your own research. Crypto is risky - you could lose what you put in. I am a member of Swell's Community Council.

12) If you missed it, here is my last recap.

https://x.com/TheBenMeadows/status/1802922150883668146

13) You can read the unrolled version of this thread here: https://typefully.com/TheBenMeadows/6mT9WYU