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Swell is an Ethereum Layer 2 rollup designed to enable native restaking by combining various technologies such as the OP Stack and EigenLayer security. It allows users to deposit ETH and receive liquid staking tokens that maintain liquidity while securing both Ethereum and additional networks. The platform’s governance and transaction fees are managed through its native token, which aligns incentives between users and the protocol.
The approach used by Swell lets users earn staking rewards without locking up their assets, improving capital efficiency and flexibility in decentralized finance. Swell achieves fast finality and strong decentralization through integrated validation and sequencing services, enhancing the overall user experience. By embedding staking yield directly into the protocol, it creates a positive feedback loop that strengthens security, attracts liquidity, and encourages ecosystem growth.