Swell Network
AuditedVerifiedSwell Network is a non-custodial liquid staking and restaking protocol on Ethereum that issues swETH (LST), rswETH (LRT on EigenLayer + Symbiotic), and swBTC (BTC LRT), and operates the Swellchain L2 secured by restaked ETH.
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The Problem
ETH stakers face a trade-off between locking validator capital and remaining liquid in DeFi, and restakers on EigenLayer / Symbiotic need a fungible token to access AVS rewards without running validator infrastructure.
The Solution
Swell issues yield-bearing LST and LRT receipts (swETH, rswETH, swBTC) and operates a node-operator and operator-set layer that stakes / restakes deposits across Ethereum, EigenLayer, and Symbiotic — with a 5% protocol fee flowing to the Swell DAO and SWELL buybacks.
Why it Matters
Multi-asset (ETH + BTC) liquid restaking from a single protocol, paired with the Swellchain L2 secured by restaked ETH. Strong on-chain security setup (7-day Timelock + 4-of-7 multisig + 8 audit reports) but currently small post-airdrop TVL relative to ether.fi, Kelp, and Renzo.
Protocol Metrics
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View allFrequently asked questions about Swell Network
What is Swell Network?+
Swell Network is a Liquid Staking protocol operating on Ethereum, Swellchain. Swell Network is a non-custodial liquid staking and restaking protocol on Ethereum that issues swETH (LST), rswETH (LRT on EigenLayer + Symbiotic), and swBTC (BTC LRT), and operates the Swellchain L2 secured by restaked ETH.
How does Swell Network work?+
Swell issues yield-bearing LST and LRT receipts (swETH, rswETH, swBTC) and operates a node-operator and operator-set layer that stakes / restakes deposits across Ethereum, EigenLayer, and Symbiotic — with a 5% protocol fee flowing to the Swell DAO and SWELL buybacks.
Is Swell Network safe?+
DeFi Sentinel rates Swell Network AA with a safety score of 81/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Swell Network has 9 audits on record. DeFi Sentinel's analysis flagged 1 high, 3 medium, 4 low risk alerts across Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Swell Network?+
Swell Network has a DeFi Sentinel safety score of 81/100 (rating AA), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Swell Network support?+
Swell Network is deployed on Ethereum, Swellchain.
Has Swell Network been audited?+
Yes. Swell Network has 9 audit reports on record from firms including ChainSecurity, Sigma Prime, Sigma Prime. Audit reports and dates are linked under the Resources tab on this page.