swETH

What is Swell Ethereum (sweth) and how Does It Work?

Swell is a token that seeks to contribute positively to the DeFi industry by ensuring a balanced fluid staking experience. It actively encourages smart contract security audits and education, establishing meaningful connections with key blockchain auditors and risk management firms. People participating in the Swell ecosystem can stake their ETH to leverage its swETH and rswETH tokens. The TVL of Swell hints at the magnitude of assets within its scope. SwETH APR denotes the annual reward of staking swETH. Swell also benefits from modular oracles designed for dApps, providing regular data and inherent functionality to the destination chain. The platform supports fluid restaking, providing an avenue to stake, receive benefits, and continue interacting with other DeFi protocols. Traders can utilize the Fluid reStaking TokeN (LRT) and the Liquid Staking Token (LST). rswETH also includes its yield index. Auditors and bug bounties contribute to the platform's ecosystem. The "TOTAL staked ETH" speaks volumes about how much ETH is at play within the Swell ecosystem. It assisted in creating a layer-2 restaking rollup with AltLayer and EigenLayer to support network security and decentralization objectives. The primary drive behind Swell’s fluid staking and restaking initiative is to elevate blockchain interoperability and security. The platform extensively makes use of restaking ETH to help other blockchain protocols through its unique concept.

How to Buy and Store Swell Ethereum (sweth)?

To purchase Swell Ethereum (sweth), Flooz.xyz offers a streamlined process. Flooz.xyz provides a one-stop solution to buy sweth, using a smooth checkout, without the need to own a wallet. All payment methods are supported, making it convenient for traders. Additionally, Flooz.xyz offers a self-custodial web wallet for seamless sweth transactions. With this wallet, you can store, send, and receive sweth easily. Creating a self-custodial wallet on Flooz.xyz takes just a few seconds using your email, Google, or Apple ID. This ensures that you have access to your funds at all times, thanks to the power of cryptography. Moreover, Flooz.xyz aggregates more than 50+ providers, ensuring the fastest and cheapest payment routes for your sweth trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.