Swell Network Approved for Gitcoin Grants R12 — Donations Welcome

Swell Network Approved for Gitcoin Grants R12 — Donations Welcome
Swell Network is aiming to ensure that Ethereum remains a public good for the benefit of the global community. We are building a decentralised, open, and liquid Ethereum staking solution.

Announcement

Swell Network DAO — an DeFi project aimed at delivering a decentralised, open, and liquid Ethereum staking protocol — is pleased to announce that it has been approved for Gitcoin Grants Round 12.

Gitcoin Grants is about discovering and funding extraordinary public goods focussed on the ongoing development and innovation of Web3, leveraging quadratic funding to provide the optimum matched funding mechanism to support a decentralised web.

Swell Network is contributing to maintaining Ethereum as a public by preserving the diversity and decentralisation of Ethereum as it transitions fully to Proof of Stake (PoS) consensus.

We are kindly asking for donations to support our small but dedicated core community at: https://gitcoin.co/grants/4017/swell-network-maintaining-a-decentralised-open-an

About Swell Network

Swell Network is aiming to ensure that Ethereum remains a public good for the benefit of the global community. We are building a decentralised, open, and liquid Ethereum staking solution.

Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS) will see the need for validators to stake their ETH in order to support the updated consensus mechanism to maintain the integrity of the Ethereum blockchain.

Swell Network’s Key Pillars

Swell Network will support this process through 3 key pillars

1. Liquid Staking: The first pillar ETH holders with a means to stake their ETH in a liquid manner through a staking derivative token (named Swell ETH token or ‘swETH’) which will serve to incentivise and encourage staking to secure the network.

2. DPools: The second pillar ETH holders with a simplified means to stake ETH without the present financial hurdles of requiring 32ETH and technical barriers associated with maintaining uptime and infrastructure. We achieve through our soon-to-launch decentralised mini pools (or dPools).

3. Decentralised Marketplace: The third pillar is the development of a decentralised marketplace to enable ETH holders to connect with node operators to ultimately help to secure the Ethereum network.

Your Contributions

By contributing to our grant, you are contributing to a like-minded project that is helping to preserve Ethereum as a public good. Your donations will go towards product development, community-building, as well as awareness marketing, to spread the message about decentralised, open, and liquid Ethereum staking.

Swell Network’s staking offering provides users the private benefit of being able to earn financial rewards in the most free way possible, whilst also driving wider public benefits of securing the blockchain.

Public Good Focus

The central mission of Swell Network is aiming to help accelerate the adoption of ETH staking by providing a decentralised, open, and liquid ETH staking protocol.

With decentralisation and security front-of-mind, we believe that the more ETH staked by a diversity of actors to secure the network, the better.

As a result, Swell Network is contributing to maintaining Ethereum as a public good for all.

Get Involved

Stay Connected with Swell

Website: https://www.swellnetwork.io/

Discord: https://discord.gg/uMm76CuG

Twitter: https://twitter.com/swellnetworkio

How to Donate

Donating is a simple and easy 3-step process.

1. Head to https://gitcoin.co/grants/4017/swell-network-maintaining-a-decentralised-open-an

2. Sign up to Gitcoin Grants

3. Connect your Wallet to Donate

The grant funding round closes on Dec 16th 2021.