Staking · Liquid Staking · swETH
Swell issues swETH, a non-rebasing liquid staking token, alongside a restaking product line, letting users earn staking yield plus ecosystem rewards.
Non-custodial liquid staking and restaking.
swETH price
$2114.37
-0.9% 24h
Latest data · 15 min delay
swETH, rswETH and related contracts carry smart-contract vulnerability risk. Audits (Sigma Prime, Nethermind, Cyfrin, Mixbytes, Hexens) found and resolved multiple medium/low issues, but audits do not eliminate residual bug risk; an Immunefi bug bounty is in place.
Swellchain was permanently shut down on 15 June 2026 as the team pivoted to the Faro AI platform on Hyperliquid. Users had to bridge assets off-chain before the deadline or risk them becoming unrecoverable, illustrating operational/discontinuation risk for assets deployed on the L2.
rswETH depends on EigenLayer restaking; AVS operator misbehaviour, EigenLayer slashing conditions, or failures in the restaking middleware could impair rswETH value beyond base Ethereum staking risk.
swETH and rswETH are reward-bearing tokens redeemable via withdrawal queues; secondary-market price can trade below the underlying ETH exchange rate (depeg) during stress, illiquidity, or delayed withdrawals.
swETH pricing relies on a repricing oracle (0x289d...2d71) to update the ETH exchange rate. Oracle manipulation, staleness, or misconfiguration could misprice swETH across DeFi integrations that use it as collateral.
Swell DAO controls protocol parameters and the validator set backing rswETH. Concentration of SWELL voting power or governance capture could affect fees, validator selection, and treatment of user assets.
