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SSwell
Proof of Restake — Swell’s rswETH secures both EigenLayer AVSs and Symbiotic networks.
Dual-restake LRTToken: rswETHBy SwellGov: SWELLSince 2022
- Type
- Dual-restake LRT
- How it works
- Swell issues swETH (LST) and rswETH (LRT). "Proof of Restake" uses restaked assets to secure both EigenLayer AVSs and Symbiotic networks, and Swell runs its own L2 (Swellchain).
- LRT token
- rswETH
- Restakes on
- EigenLayer + Symbiotic
- TVL*
- ~$200M
- Best for
- Dual EigenLayer + Symbiotic exposure
- Highlight
- Swellchain L2
* Approximate TVL — a dated snapshot (DefiLlama + provider reports, 2026), not live.
Strengths
- Dual restaking (EigenLayer + Symbiotic)
- Own LST (swETH) + LRT (rswETH)
- Swellchain L2 ecosystem
- "Proof of Restake" design
Risks & trade-offs
- Smaller than top LRTs
- Dual-backend complexity
- Token economics still evolving
Open Swell →
Listed for comparison as of June 2026 — not an endorsement. LRTs carry depeg, slashing & smart-contract risk; DYOR. Not financial advice.
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