Swell Guarded Launch - Ethereum Mainnet Announcement

Today we are announcing our highly anticipated mainnet release! We’d like to thank everyone who has been participating in the testnet, helping us reach this exciting milestone.

Swell Network ETH Staking Launch
Swell Network is now live on the Ethereum Mainnet via a Guarded Launch.

Swell Network is now live on Ethereum Mainnet via a Guarded Launch.

Swell Network is a next-generation liquid ETH staking protocol that is built for stakers, node operators, and the Ethereum ecosystem.

TL;DR

  • Swell Network is now live on the Ethereum Mainnet via a Guarded Launch, comprising a multi-staged and controlled release schedule.
  • Each stage will have a respective ETH threshold that will be actively managed by the DAO to support the initial bootstrapping of the protocol.
  • The completion of each stage is not time-based; it is instead threshold based with each successive stage requiring stage gate approval by the DAO to ensure appropriate functionality and system behaviour to ensure technical and cryptoeconomic soundness.
  • Stage 1 will commence on August 22 @ 00:00 UTC.

Guarded Launch Stages

Swell Network's Guarded Launch comprises a multi-staged and controlled schedule, with selected Node Operators partners who will be spinning up validators to support the supply side of the Swell's platform.

The staged sequencing reflects incremental ETH thresholds across a set of operators with corresponding network validator growth.

The completion of each stage is threshold based with each successive stage requiring stage gate approval by the DAO to ensure appropriate functionality and system behaviour to ensure technical and cryptoeconomic soundness.

Stage

ETH Threshold

Network Validators

Number of Validators Per Node Operator

1

320

10

1

2

3,200

100

10

3

6,400

200

20

4

9,600

300

30

5

Open

Uncapped

Uncapped

Guarded Launch Functionality

The initial functionality of the Guarded Launch will be limited to 'plain vanilla staking' with enablement of liquid staking to come post Guarded Launch through the establishment of relevant swETH and ETH liquidity pools. The Guarded Launch will involve the DAO actively managing participation on both the demand side and supply side of the platform.

Post Guarded-Launch

Following a satisfactory completion of each stage gate, Swell will move into a fully permissionless and open state that will carry the full benefits of liquid staking that is powered by all the unique advantages of staking with Swell.

Security, Testing, and Audits

The Guarded Launch flows off the back of a coordinated testing schedule with constructive feedback from the growing Swell Network community. This has been coupled with several smart contract audits by multiple audit firms to provide further reassurance around the technical implementation of Swell Network, including its various differentiators in the market. To view our audit reports, see our website.

Thank You

We would like to take this opportunity to thank our community of stakers and node operators, our backers / advisors, and our wider protocol partners in helping us achieve this critical milestone. We look forward to continuing to build with you as we collectively look to provide more choice and differentiation in the Ethereum liquid staking market.

Join the Community

Thanks for reading. If you have any questions, or just want to hang out with other Ethereum liquid staking enthusiasts, please join our public Discord server and say hello! You can also stay up to date on the protocol by following Swell on Twitter.