$RSWETH is a liquid restaking token on Swell Network, earning Ethereum staking and EigenLayer restaking rewards. More
| Fully Diluted Valuation | $96.46M |
|---|---|
| 24H Trading Volume | $81,682 |
| 24H Low / High | $4.49K / $ 4.64K |
| Circulating Supply | 21.28K |
| Total Supply | 21.28K |
| Max Supply | ∞ |
| Categories | Restaking 2 more |
|---|---|
| Founder | Anonymous |
| Website | swellnetwork.io |
| Socials | |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0xfae....fa6c0
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| Name | Pair | OG Score |
|---|
Restaked Swell Ethereum ($RSWETH), launched in 2024 by Swell Network DAO, is a native liquid restaking token (LRT) built on Ethereum and integrated with EigenLayer. It allows users to stake ETH on Ethereum’s beacon chain and restake it via EigenLayer to secure Application Verification Systems (AVSs), earning both Ethereum staking rewards (~3% APR) and additional restaking rewards.
Unlike traditional staking, $RSWETH provides liquidity, enabling holders to trade or use the token in DeFi protocols like Uniswap, Balancer, Curve, and Symbiotic for further yield opportunities. The token’s value is backed by staked ETH, with a repricing mechanism that appreciates based on accrued rewards.
Swell Network, a non-custodial staking protocol, uses Distributed Validator Technology (DVT) to enhance security and decentralization. The token trades on decentralized exchanges (DEXs) like PancakeSwap V3 (RSWETH/WETH pair) and Curve (WEETH/RSWETH pair). Swell’s ecosystem includes Swellchain, a restaking-focused L2 on Optimism’s Superchain, and integrations with DeFi platforms like OpenOcean and Orki Finance.
The project raised undisclosed funds but is supported by partners like AltLayer, Witness Chain, and Everstake. Despite a 3.39% staking reward rate, $RSWETH faces volatility and risks from EigenLayer’s complexity and market fluctuations.
$RSWETH uniquely combines Ethereum staking with EigenLayer restaking, offering dual rewards (staking ~3%, restaking variable) while maintaining liquidity. Its integration with Swellchain and DeFi protocols like Uniswap and Symbiotic maximizes yield opportunities. The use of DVT and a repricing mechanism tied to ETH rewards ensures security and value alignment, distinguishing it in the liquid restaking space.
The founders of Restaked Swell Ethereum are anonymous. Swell Network’s whitepaper credits developers “John Doe” and “Jane Smith” as pseudonyms, with no named individuals publicly identified, aligning with its DAO-driven model.
Swell Network has not disclosed specific venture capital investors for $RSWETH but is supported by industry partners like AltLayer, Witness Chain, Everstake, and EigenLayer contributors. Community-driven growth and DeFi integrations (e.g., Derive, Symbiotic) bolster its ecosystem, with no formal VC backing publicly confirmed.
Balancer V2, Pancakeswap V3 (Ethereum)Curve (Ethereum)
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