Swell to Launch its Own Restaking Dedicated Rollup:
Swell Network, initially known for its liquid restaking protocol, is preparing to launch a layer 2 rollup chain, specifically a ‘zkEVM’ (zero-knowledge Ethereum Virtual Machine).
In collaboration with AltLayer and EigenLayer, this solution will take the form of a ‘restaked rollup’ (AltLayer’s framework). This decentralized infrastructure promises to combine native restaking yield, scalability improvements, and fee reduction, thanks to the use of Polygon’s blockchain development kit ‘CDK’.
‘As a restructured rollup, the rollup will be accompanied by a range of Actively Validated Services (AVS) that will enhance its security and decentralization,’ Swell stated in its announcement.
The mainnet launch is planned for the second half of this year, reflecting Swell’s ambition to expand its liquid restaking services beyond layer 1.
A Different Solution from Conventional Rollups:
The Swell rollup is also characterized by its integration of Actively Validated Services (AVS) and ‘EigenDA’, enhancing data availability and decentralized sequencing and verification functionalities.
By launching ‘rswETH’, a liquid restaking token (LRT) incorporating EigenLayer, Swell has already demonstrated its commitment to innovation and the creation of cutting-edge liquid staking products, with over $1.1 billion locked through its products.
Note that Swell’s rswETH will also serve as a gas token, allowing users to pay for their transaction fees. While the future native token of Swell will serve as a governance token, giving holders the opportunity to actively participate in protocol decisions.
Ultimately, this structure will enable Swell to offer an optimal liquid restaking experience to its users.
