Swell Network: Liquid Restaking for Ethereum

Deposit ETH, receive rswETH, and earn compounding restaking rewards — all without giving up liquidity or running a validator.

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Why Swell Network

Capital stays liquid

rswETH is a standard ERC-20 token. It moves freely between wallets, DeFi protocols, and bridges — no waiting period while rewards accumulate.

Two yield sources, one token

The Swell Network platform stacks native Ethereum consensus rewards on top of EigenLayer operator distributions, reflected daily in the rswETH exchange rate.

Non-custodial by design

Smart contracts hold funds, not the team. The Swell Network protocol never takes custody of user ETH; withdrawal rights remain with the depositor at all times.

Transparent, audited contracts

Every contract is deployed on Ethereum mainnet and publicly verifiable. Independent audit reports are published before each major version release.

How it works

  1. Connect your wallet

    Any EIP-1193 compatible wallet works. The Swell Network platform detects the connection and displays your ETH balance automatically.

  2. Deposit ETH

    Enter an amount — there is no minimum enforced by the protocol. One on-chain transaction handles the entire deposit.

  3. Receive rswETH

    rswETH lands in your wallet immediately. The token is ERC-20 compliant and integrates with any protocol that accepts standard tokens, including those on Arbitrum.

  4. Earn rewards passively

    The rswETH / ETH exchange rate rises as operator rewards are credited. No claiming required. 1 rswETH currently equals approximately 1.0707 ETH.

  5. Withdraw on your terms

    Initiate a native unstake at any time. ETH is returned after the Ethereum network's standard unbonding period — the Swell Network protocol adds no additional delay.

Key features

ERC-20 liquid token

rswETH follows the ERC-20 standard exactly. It plugs into DEXes, lending markets, and yield aggregators without custom integration work.

EigenLayer integration

Deposited ETH is delegated to operators registered with EigenLayer's actively validated services, adding an incremental yield layer on top of base staking.

Real-time dashboard

The Swell Network platform surfaces APR, exchange rate, total ETH restaked, and per-wallet balances with live data — no spreadsheet required.

Swell L2 compatibility

The team behind Swell Network is developing a dedicated layer-2 network where rswETH serves as the native gas token, expanding usability well beyond Ethereum mainnet.

Commission transparency

The protocol charges exactly 10% on earned rewards. The rate is set in the smart contract and visible on-chain — not buried in terms of service.

Permissionless access

No KYC, no whitelists. Any Ethereum address can deposit. The Swell Network's protocol enforces rules through code, not gatekeepers.

Cross-chain portability

rswETH can be bridged to Arbitrum and other EVM-compatible networks through standard canonical bridges, making the token usable across the broader DeFi landscape.

Swell Network by the numbers

10,066+
ETH Restaked
39,000+
Restakers
$32M+
rswETH Market Cap
2.30%
Current rswETH APR

Figures are approximate and update with each Ethereum epoch. See the knowledge base for methodology details.

FAQ

Common questions about Swell Network, rswETH, and liquid restaking on Ethereum. For deeper technical detail, visit the knowledge section or read about proof-of-stake on Wikipedia.