Liquid Restaking for DeFi. swETH, rswETH, and Swellchain. https://nitter.cf/t.co/zjpSLumlmV
Ethereum
Joined May 2025
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$SWELL Token Rights are now listed on DefiLlama, including buybacks and burns.
Another 50M burned today. Nearly 12% of total supply is now gone.
$rswETH holders received a one-time rewards boost.
Obol claimed accumulated validator rewards and added them to the protocol, temporarily increasing the exchange rate for all existing restakers.
earnETH balance checker is live.
If you had earnETH on Swellchain after the shutdown, you can now check your balance ready to withdraw.
Withdrawals to Ethereum will open soon.
app.swellnetwork.io/claim/ea…
Another 50M ethereum:0x0a6e7ba5042b38349e437ec6db6214aec7b35676 was burned for August.
0.5% of the total supply is burned each month under the supply reduction program.
Ethereum is back!
→ Staking ratio at a record 34.4% of supply
→ Trump pushing tokenization mainstream
→ Shorts squeezed: price up 18% in 24h
Stake with Swell for simple competitive yield on $ETH.
Bitget is now offering 20% APR on ethereum:0x0a6e7ba5042b38349e437ec6db6214aec7b35676 in Simple Earn Flexible.
Swell retweeted
✅ Completed audit for @swellnetworkio's ETH Staking Deposit Bot
CODESPECT completed a security review of Swell's eth-staking-deposit-bot, the CLI tool operators use to deposit node-operator validators for both swETH and rswETH.
No Critical issues were found.
The Swell team resolved ten of the twelve findings promptly, including the High and one Medium, and provided clear rationale for the two items they chose to accept.
Wishing Swell continued success with their staking infrastructure 🚀
June burn update: 970M $SWELL has now been destroyed.
Nearly 10% of total supply burned through regular fee flow auctions and the monthly 0.5% supply reduction program.
Today is the final day for withdrawals from Swellchain.
Please withdraw before tomorrow to avoid losing access to funds.
If you need help, click the frog in the Swell app or open a support ticket in our Telegram group.
The Swellchain shutdown has begun.
You must bridge your assets off Swellchain by June 23. Anything left on the chain after that date will be unrecoverable.
Bridge out via Superbridge: superbridge.swellnetwork.io/
Assets from the following protocols still remain on the chain:
$weETH from @ether_fi
$KING from @thekingprotocol
$wstETH from @LidoFinance
$USDe, $sUSDe, and $ENA from @ethena
$ezETH from @RenzoAI
$rsETH from @KelpDAO
$EUL from @eulerfinance
$XVELO from @VelodromeFi
$oUSDT from @OpenUSDT_xyz
$USDT0 from @StargateFinance and @tether
Note: DeBank no longer supports Swellchain, so it won't show assets on the chain.
Please check this sheet to see your Swellchain holdings:
docs.google.com/spreadsheets…
Note that this list is not exhaustive and may not cover all funds on the chain. Please verify your holdings using the block explorer: explorer.swellnetwork.io/
If you need help, click the frog in the Swell app or open a support ticket in our Telegram.
And if you haven't yet, check out @FaroTrading, the app that turns market data into trades. Research, validate, and execute on Hyperliquid through one AI-native platform.
The Swellchain shutdown has begun.
You must bridge your assets off Swellchain by June 23. Anything left on the chain after that date will be unrecoverable.
Bridge out via Superbridge: superbridge.swellnetwork.io/
Assets from the following protocols still remain on the chain:
$weETH from @ether_fi
$KING from @thekingprotocol
$wstETH from @LidoFinance
$USDe, $sUSDe, and $ENA from @ethena
$ezETH from @RenzoAI
$rsETH from @KelpDAO
$EUL from @eulerfinance
$XVELO from @VelodromeFi
$oUSDT from @OpenUSDT_xyz
$USDT0 from @StargateFinance and @tether
Note: DeBank no longer supports Swellchain, so it won't show assets on the chain.
Please check this sheet to see your Swellchain holdings:
docs.google.com/spreadsheets…
Note that this list is not exhaustive and may not cover all funds on the chain. Please verify your holdings using the block explorer: explorer.swellnetwork.io/
If you need help, click the frog in the Swell app or open a support ticket in our Telegram.
And if you haven't yet, check out @FaroTrading, the app that turns market data into trades. Research, validate, and execute on Hyperliquid through one AI-native platform.
Final call: Swellchain will be closing permanently from Monday 15 June. Please withdraw your funds ahead of that date to avoid losing access to them.
Service restored. Swellchain is now fully operational.
Please be reminded that the chain will be closed down permanently from June 15th. All funds must be withdrawn before that day.
Swellchain status update
We're aware of an unplanned outage affecting Swellchain, caused by an issue with our hosting partner. We expect the downtime to last a few hours.
Funds are safe and we'll share further updates as soon as we can.
Thanks for your patience.
We are consolidating our supported networks to ensure the highest security standards for rsETH based on usage and integrations.
The following chains will no longer support rsETH bridging after June 15:
Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, Movement.
If you hold rsETH on any of these chains, you have until June 15 to bridge back to the Ethereum mainnet.
Post-deadline recovery is possible for a fee of 100 USDC per address. The exact process will be communicated closer to June 15.