Swell is building the next stacking 2.0 revolution. Check out 8 reasons why node operators should definitely give it a try in the coming weeks!
#1- low capital required. No need to get the full 32 ETH required for a node to run, we will find the 16 missing ETH for you! That lowers the entry barrier for node creators while still producing a confortable APY.
#2 – VERY low capital required. In the future, start with as little as 1 ETH as capital, integrating the Shared Secret Validator system – also known as Distributed Validator Technology. The SSV dramatically reduces the risk of slashing, enabling safe cooperation between nodes.
#3 – Stay in control. You are the one managing your node. Set up your own commissions rates, decide your MEV sharing policy, integrate or not the SSV system, handle your reputation… Find the right balance between profit and attractiveness!
#4- Stay anon if you want. Swell is a permissionless protocol. If you want to be full anon, just go ahead. Or you can decide to be a permissioned node operators fully doxed, adding an extra layer of security for stakers to choose your node.
#5- Higher yields. Swell is the first protocol that will use Shared Secret Validator technology. The validator key is split in a way that allows node operators to work together trustlessly. In the event of a node going down, rewards would not be affected. Better APY, Yeahaa!
#6- Composability: Swell is composable as a DeFi lego brick. Build your own branded nodes or create your own front end with Swell running in the back. You build whatever you want on top, we take care of making it run smoothly underground.
#7 – Hot. Did you check all the names of those supporting the project? There is x from y, z from a. All these top industry leaders believe in the swell’s vision and product. Do you?
#8 – Audited. Swell is there for the long run. It takes the time of doing things well. And it takes the time to being audited. Multiple times. Like 5, and more are coming. While we all know audit do not means 0 risk, it reduces it dramatically anyways. 🤓
9 REASONS TO USE SWELL FOR LIQUID ETH STAKING
Staking ETH on nodes is on the rise, and will become more popular after the merge. Some solutions exist for a long time (Lido, Rocket Pool) and have proven to be robust. But are they the best ones? Sharing here our vision about staking 2.0
#1- low capital required. No need to get the full 32 ETH required for a node to run, we will find the 16 missing ETH for you! That lowers the entry barrier for node creators while still producing a confortable APY.
#2 – Higher yields: your rewards from staking will automatically autocompound, mechanically increasing your yield. Moreover, as nodes will be competing to attract users, they will be encouraged to share a large portion of their rewards to the stakers. More 💰 for you! 🤑
#3 – Less slashing risk. When a node goes down, it is punished by a money loss 🥊. Swell uses Shared Secret Validator (SSV) that allows node operators to work together trustlessly. In the event of a node going down, rewards would not be affected. 🤝🏿
#4 – Capital efficiency: We make it simple to use your idle swETH (which represent your ETH locked on Swell nodes). You can stake them on our vaults (based on Yearn’s technology) and start farming straight away. Yield boosted in one simple clic! 🤯
#5 – Decide for yourself: unlike competitors, YOU know and control where your money goes. You decide which node you want to stake in, depending on the % reward shared, the MEV % shared, the reputation of the node, or whatever matters for you.
#6 – Stay in control: while you use our smart contracts, your ETH is never transiting by our wallets, because we use atomic transactions. It reduces your risk 🛡️, as your money goes straight from YOUR wallet to the node you chose. A great innovation, huh? 💡
#7 – Diversification. Lido concentrates a huge amount of ETH on only 14 nodes. This is not good for Ethereum’s decentralization, nor for the risk management of stakers. Using a separate protocol from Lido, based on a multitude of independent nodes, can only be healthy.
#8 – Audited. Swell is there for the long run. It takes the time of doing things well. And it takes the time to being audited. Multiple times. Like 5, and more are coming. While we all know audit do not means 0 risk, it reduces it dramatically anyways. 🤓
The Merge is upon us!
The MERGE is upon us! Time to stake your $ETH@swellnetworkio is a new player set to release their dapp, so in anticipation here is a simple overview of ETH staking solutions. 📽
Plus, a little bonus thread of the best content to get you up to speed with this new player 🧵👇 pic.twitter.com/O1chVWmkt4
