Swell Network

Overview

Swell Network is a liquid staking protocol built for Ethereum that aims to enable users to stake their ETH while maintaining liquidity through tokenized staked ETH. The project provides a decentralized liquid staking solution where users receive swETH tokens representing their staked ETH.

Purpose and Utility

The primary purpose of SWELL token is governance and protocol operations within the Swell Network ecosystem. Token holders can participate in governance decisions regarding protocol parameters, validator selection, and network upgrades. The token also provides incentives for early adopters and liquidity providers.

Business Model

The protocol generates value through staking rewards from Ethereum validation, with a portion of these rewards distributed to SWELL token holders. The business model is based on legitimate blockchain infrastructure services, primarily focused on Ethereum staking.

Development and Adoption

The project maintains active development with regular updates to their protocol. While the adoption is still in early stages, the platform has been conducting operations in accordance with their stated purposes.

Token Distribution and Vesting

Token distribution includes allocations for team, early investors, and community with vesting schedules in place to prevent immediate dumps. The project maintains transparency regarding token allocations and vesting schedules.