Swell Network

Swell Network is a provider of non-custodial liquid staking and restaking solutions for Ethereum within the decentralized finance ecosystem. The platform offers two primary products: swETH, a liquid staking token that allows users to stake ETH and earn steady yield from Ethereum staking rewards with a total value locked of approximately $200 million and 3.00 percent APR; and rswETH, a liquid restaked ETH token that enables users to restake ETH on EigenLayer to secure Swell's layer 2 infrastructure with a total value locked of approximately $292 million and 2.63 percent APR. The platform has a combined total value locked of approximately $1.8 billion and 167,000 total users. Swell's ecosystem includes integrations with leading DeFi protocols including EigenLayer, Symbiotic, Sommelier, Pendle, Euler, and others for yield enhancement and restaking strategies. The platform works with security and risk management firms including Sigma Prime, Hexens, Immunefi, Gauntlet, and Chaos Labs for auditing and economic security. Swell is evolving into Faro, a research-to-trade platform for Hyperliquid that aggregates data from leading partners to provide actionable trading insights. Founded in 2021 and headquartered in Sydney, Australia, the company has raised $3.8M in seed funding from investors including Framework Ventures, Maven 11, IOSG Ventures, Apollo Capital, Imprint Capital Partners, Damo Labs, Evolution Venture Capital, AC Capital, and Bixin Ventures.