Swell Network (SWELL) is a decentralised finance (DeFi) project built on Ethereum. It makes it easy for anyone to stake their ETH tokens and earn rewards without losing access to them. When users stake ETH with Swell, they receive a special token called swETH, which represents their staked ETH plus any rewards earned. These tokens can still be used in other DeFi applications, keeping users’ funds flexible and accessible.
The platform also lets users restake their tokens for extra rewards, using something called rswETH, which provides even more ways to earn within the Ethereum ecosystem. Additionally, Swell offers a similar service for Bitcoin holders, allowing them to earn DeFi rewards with swBTC.
The project's own token, SWELL, helps users participate in governance decisions, meaning they can vote on changes to the network. It can also be restaked for additional benefits across DeFi platforms.