Swell Network offers a comprehensive liquid staking and restaking ecosystem on Ethereum. This guide will walk you through the two core actions: staking ETH for Swell Liquid Staking (swETH) and then restaking your LST for Swell Liquid Restaking (rswETH).
Core Concept: The Swell Dual-Token Model
swETH: A yield-bearing Liquid Staking Token (LST). When you stake ETH with Swell, you receive swETH, which represents your staked ETH plus accrued staking rewards.
rswETH: A Liquid Restaking Token (LRT). You can deposit swETH (or other LSTs) to receive rswETH, which earns EigenLayer restaking rewards on top of the base LST yield.
Step 1: How to Stake with Swell (Minting swETH)
Navigate to the official Swell Network app.
Connect your Web3 wallet.
In the "Stake" tab, enter the amount of ETH you wish to deposit.
Confirm the transaction. You'll receive swETH in your wallet and immediately start earning ETH staking rewards, plus Swell Pearls as part of the Swell Voyage Program.
Step 2: Restaking for rswETH
Now that you have a liquid staking token, you can amplify your yield.
Select the "Restake" tab on the Swell app.
Choose the LST you want to deposit (e.g., your newly minted swETH).
Enter the amount to restake.
Approve and confirm the transaction. You will now hold rswETH on EigenLayer, earning rewards from three sources: base ETH staking, EigenLayer AVSs, and the Swell Voyage program.
This two-step process provides maximum flexibility and yield-stacking potential. For a full breakdown of the protocol architecture, please refer to the https://sites.google.com/koinly-tax-reports.org/swell-network/.
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