Swell

What is Swell?

Swell is a decentralized, non-custodial liquid staking and restaking protocol designed to simplify access to decentralized finance (DeFi) while enhancing Ethereum's security. Built on the Optimism (OP) Stack, Swell enables users to stake ETH and receive liquid staking tokens (LSTs) like swETH, and restake assets through rswETH and swBTC, facilitating participation in various DeFi strategies without locking up capital.

([What is Swell? Simplifying liquid staking and restaking - OKX](https://www.okx.com/learn/what-is-swell-network?utm_source=chatgpt.com))

Key Features

• Liquid Staking: Stake any amount of ETH to receive swETH, a yield-bearing token representing staked ETH plus accrued rewards. swETH maintains liquidity, allowing users to engage in DeFi activities while earning staking rewards.
• Restaking: Enhance returns by restaking swETH into rswETH, securing additional networks via protocols like EigenLayer and Symbiotic. This process offers users the opportunity to earn extra rewards while contributing to the security of multiple blockchain infrastructures.
• Validator Marketplace: Swell provides a marketplace for validators, enabling users to select preferred validators, fostering a competitive staking environment that can improve rewards and network security.
• Non-Custodial & Decentralized: Users retain full control over their assets, reducing risks associated with centralized custodians. Swell operates transparently and permissionlessly, promoting a more decentralized Ethereum network.

Native Token: SWELL

SWELL is the native utility token of the Swell ecosystem, serving multiple roles:

• Governance: SWELL holders can propose and vote on protocol upgrades, liquidity incentives, and fund allocations within the Swell DAO, influencing the development and direction of the protocol.
• Restaking: SWELL can be restaked to earn additional rewards and governance tokens (rSWELL), enhancing user engagement across the network.
• Gas Fees: SWELL is used to pay transaction fees on Swell’s Layer 2 network, enabling efficient and cost-effective transactions.

Integration with Cryptoworth

Swell integrates seamlessly with Cryptoworth, providing users with enhanced financial clarity in their digital asset accounting workflows. Through this integration, users can efficiently track, categorize, and report their SWELL transactions, ensuring accurate financial reporting and compliance with accounting standards.

Getting Started

1. Visit the Swell App to connect your Ethereum-compatible wallet.
2. Stake ETH to receive swETH, or restake to obtain rswETH/swBTC, depending on your asset preferences.
3. Participate in governance by holding SWELL or rSWELL tokens, allowing you to influence protocol decisions.
4. Utilize Cryptoworth to monitor and manage your SWELL holdings for streamlined accounting and reporting.

For more information, visit the Swell website.

Frequently Asked Questions

1. How are liquid staking and restaking activities tracked for accounting?

Protocols like Swell generate ongoing staking rewards and token movements (e.g., swETH to rswETH). Cryptoworth connects to Swell and classifies staking, restaking, and reward activity into structured, ledger-ready financial data.

2. Can I calculate cost basis for swETH and rswETH accurately?

Yes. Swell’s layered token models require accurate acquisition tracking for each token variant. Cryptoworth’s platform calculates cost basis for ETH-to-swETH conversions, restaking events, and reward accruals — ensuring proper valuation and reporting. See our cost basis tools in action.

3. Does Cryptoworth help with staking-related audit prep?

Definitely. Swell participants — especially institutions or DAOs — need audit-ready documentation of validator rewards, restaking cycles, and token flows. Cryptoworth provides categorized reports, exportable ledgers, and validation tools. Learn more about audit-focused reporting.