Swell
Swell is the restaking chain, powered by Proof of Restake. The protocol is backed by the industry's best venture capital firms and angels.
Raised 3.75M EQUITY on March 14, 2022
About
Swell operates an Ethereum liquid-staking protocol that issues interest-bearing stake tokens, mints staking NFTs usable in optional in-app vaults for DeFi farming, with planned expansion to Avalanche and Polygon.
Mission
Swell builds a liquid staking protocol for Ethereum that issues interest-bearing tokens representing users’ stakes and permits a minimum commitment of 1 ETH. The product includes an NFT issued after staking that users can optionally deposit into in-app “vaults” to pursue extra yield via DeFi farming. Swell positions those vaults as its primary differentiator versus existing liquid staking services such as Rocket Pool and Lido, which allow lower or no minimum deposits. The company plans to launch a beta on the Ethereum mainnet in April and later expand to other blockchains, starting with Avalanche and Polygon. The article reports a $3.75M raise; no revenue or user metrics are provided.
Quick Facts
Founded
2022
Funding
EQUITY
Industry
Internet
Team Size
11-50
Headquarters
Sydney, New South Wales, Australia
Careers
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