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Swell Network is a non-custodial liquid staking protocol and Layer 2 network, operating on the world’s first “restaked rollup”. It enables users to passively earn rewards from Ethereum native staking and restaking, while still retaining ownership of liquid funds in the form of swETH and rswETH tokens. It is powered by the native $SWELL token, primarily serving to grant users access to the governance layer of the platform.
On March 18, 2022, the company closed a $3.75M seed funding round, with participation from leading funds and investors including Apollo Capital, Framework Ventures, Maven 11, Mark Cuban, and more