Question 1

What is Swell Network (SWELL)?

Accepted Answer

Swell Network is a decentralised, Ethereum-based liquid staking protocol that allows users to stake ETH and receive a liquid staking token in return. It operates through a decentralised autonomous organisation (DAO) structure and provides a non-custodial staking solution where users retain full control over their staked assets while earning staking rewards. Swell Network also aims to support a liquid staking ecosystem by offering derivative assets that can be used across various DeFi platforms. The protocol's native token, SWELL, serves as a governance token for the platform’s decentralised governance model.

Question 2

What is Swell Network (SWELL) used for?

Accepted Answer

Swell Network is primarily used for staking Ethereum, providing users with a way to earn staking rewards while maintaining liquidity. Users can stake ETH through Swell, and in return, they receive liquid staking tokens that represent their staked assets. These tokens can be utilised in the broader DeFi ecosystem for activities such as lending, borrowing, and yield farming, effectively allowing stakers to earn compounded rewards. Additionally, SWELL token holders participate in the governance of the Swell DAO, influencing key protocol decisions, including updates, reward distributions, and staking mechanisms.

Question 3

Who created Swell Network (SWELL)?

Accepted Answer

However, the Swell Network project and DAO were developed by Swell Labs, a group of blockchain developers and contributors committed to advancing Ethereum’s staking capabilities and decentralised governance. The DAO structure itself relies on a decentralised governance model, empowering the community of SWELL token holders to participate actively in protocol management and evolution.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SWELL-USDT SWELLUSDT	bybit	A	0.0₃7376USDT	5.81%	269,290,167.00SWELL	6,523	0.0₃6971USDT	0.0₃7690USDT
2	SWELL-USD SWELL-USD	coinbase	AA	0.0₃7325USD	5.52%	242,197,724.00SWELL	4,388	0.0₃6942USD	0.0₃7525USD
3	SWELL-USDT SWELLUSDT_SPBL	bitget	BB	0.0₃7310USDT	4.88%	114,845,556.11SWELL	2,189	0.0₃6970USDT	0.0₃7510USDT
4	SWELL-USDT SWELL_USDT	gateio	A	0.0₃7332USDT	4.97%	78,950,049.00SWELL	1,641	0.0₃6985USDT	0.0₃7490USDT
5	SWELL-USDT SWELL-USDT	kucoin	BB	0.0₃7260USDT	4.76%	64,679,525.00SWELL	2,073	0.0₃6930USDT	0.0₃7530USDT
6	SWELL-USD SWELLUSD	kraken	AA	0.0₃7339USD	5.92%	41,734,760.91SWELL	711	0.0₃6930USD	0.0₃7480USD
7	SWELL-EUR SWELLEUR	kraken	AA	0.0₃6500EUR	3.50%	271,700.84SWELL	7	0.0₃6280EUR	0.0₃6500EUR
8	SWELL-USDT SWELLUSDT	bitrue	D	0.0₃7287USDT	4.61%	215,086,483.00SWELL	36,191	0.0₃6966USDT	0.0₃7948USDT
9	SWELL-KRW SWELL_KRW	bithumbkorea	-	0.9728KRW	5.74%	170,064,677.28SWELL	813	0.9200KRW	0.9754KRW
10	SWELL-USDT SWELL_USDT	coinw	-	0.0₃7320USDT	5.32%	41,438,311.62SWELL	1,291	0.0₃6950USDT	0.0₃7470USDT
11	SWELL-EUR SWELL-EUR	bitvavo	B	0.0₃6651EUR	6.11%	33,442,428.66SWELL	406	0.0₃6267EUR	0.0₃6755EUR
12	SWELL-BTC BTC-SWELL	upbit	B	0.0₇1000BTC	0.00%	489,663.37SWELL	7	0.0₇1000BTC	0.0₇1000BTC
13	SWELL-USDT USDT-SWELL	upbit	B	0.0₃6376USDT	-31.21%	200,000.00SWELL	9	0.0₃9269USDT	0.0₃9269USDT
14	SWELL-THB THB_SWELL	bitkub	C	0.02465THB	10.59%	24,322.99SWELL	2	0.02229THB	0.02465THB
15	SWELL-BRL SWELL-BRL	mercadobtc	C	0.002600BRL	-39.53%	8,871.20SWELL	7	0.004300BRL	0.005398BRL