{"id":"swell-ethereum-sweth","version":1,"language":"en","title":"Swell Ethereum (swETH)","hidden":false,"content":"**Swell Ethereum (swETH)** is a [liquid staking](https://iq.wiki/wiki/liquid-staking) token (LST) on the [Swell](https://iq.wiki/wiki/swell-network) protocol, representing [ETH](https://iq.wiki/wiki/ethereum) staked on the Ethereum network. [Chainlink Proof of Reserves](https://iq.wiki/wiki/chainlink) validates the underlying ETH. swETH functions as a repricing token, increasing in value over time as staking rewards accumulate. [\\[1\\]](#cite-id-d7hmp4m3lzh)  \n$$widget0 [YOUTUBE@VID](36-_ys8N6Lo)$$  \n  \n# Overview  \n  \nSwell Ethereum (swETH), an [ERC-20](https://iq.wiki/wiki/erc-20) token, mirrors a user’s [staked](https://iq.wiki/wiki/staking) ETH on the [Ethereum](https://iq.wiki/wiki/ethereum) [blockchain](https://iq.wiki/wiki/blockchain), encapsulating rewards, penalties, MEV, and execution layer ‘tips.’ While its quantity remains constant, its value grows with on-chain rewards accumulation, with total gains realized upon trading on the secondary market or permitted withdrawals post-Ethereum Shanghai upgrade, defining it as a reward-bearing token tracked via an exchange rate. [Liquid staking](https://iq.wiki/wiki/liquid-staking) decentralizes staking responsibilities between stakers and [node](https://iq.wiki/wiki/node) operators, enabling stakers to deposit any amount below 32 ETH and receive a liquid token representing their staked ETH and accrued rewards. This token operates akin to ETH in [DeFi](https://iq.wiki/wiki/defi), facilitating transfers, collateralization for borrowing, and [liquidity](https://iq.wiki/wiki/pol-proof-of-liquidity) provision while earning staking rewards, thus broadening participation in securing the Ethereum blockchain. [\\[2\\]](#cite-id-472hyjhuru6)  \n$$widget0 [YOUTUBE@VID](OGRSTbUfQX0)$$  \n  \n# Use Cases  \n  \nswETH holders have various options to utilize their staked [ETH](https://iq.wiki/wiki/ethereum): [\\[2\\]](#cite-id-472hyjhuru6)  \n  \n* **Exit Staking**: They can sell their swETH for ETH on a [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange), realizing gains based on the [Swell](https://iq.wiki/wiki/swell-network) exchange rate.  \n* **Swell Vaults**: Deposit swETH into Swell’s in-protocol vaults to earn extra yield through [liquidity mining](https://iq.wiki/wiki/liquidity-mining).  \n* **Provide Liquidity**: Utilize external DeFi integrations of swETH to become a [liquidity provider](https://iq.wiki/wiki/liquidity-providers), earning additional yield from [trading fees](https://iq.wiki/wiki/trading-fee) and liquidity mining incentives.  \n* **Lending**: Earn extra yield by supplying swETH to lend/borrow DeFi protocols.  \n* **Borrowing**: Use swETH as [collateral](https://iq.wiki/wiki/collateral) to borrow assets from lending protocols.","summary":"Swell Ethereum (swETH) is a liquid staking token for Ethereum, representing staked ETH and rewards, validated by Chainlink Proof of Reserves.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Ethereum"}],"metadata":[{"id":"references","value":"[{\"id\":\"d7hmp4m3lzh\",\"url\":\"https://app.eigenlayer.xyz/token/swETH\",\"description\":\"Swell Staked Ether | Eigenlayer\",\"timestamp\":1712080460071},{\"id\":\"472hyjhuru6\",\"url\":\"https://docs.swellnetwork.io/swell/sweth-liquid-staking/sweth-v1.0-system-design/staking-with-sweth/sweth-token\",\"description\":\"swETH Liquid Staking | Swell Docs\",\"timestamp\":1712080527778}]"},{"id":"website","value":"https://www.swellnetwork.io/"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/swell-sweth/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/sweth"},{"id":"etherscan_profile","value":"https://etherscan.io/token/0xf951e335afb289353dc249e82926178eac7ded78"},{"id":"arbiscan_profile","value":"https://arbiscan.io/token/0xbc011a12da28e8f0f528d9ee5e7039e22f91cf18"},{"id":"previous_cid","value":"QmUzhbpm33fhEwkCgo7NJPTrwPNhEDdjEibjR5vBp5Ueag"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2","profile":{"username":"JSD","avatar":""}},"media":[{"name":"36-_ys8N6Lo","id":"https://www.youtube.com/watch?v=36-_ys8N6Lo","size":"0","type":null,"source":"YOUTUBE"},{"name":"OGRSTbUfQX0","id":"https://www.youtube.com/watch?v=OGRSTbUfQX0","size":"0","type":null,"source":"YOUTUBE"}],"views":24,"events":[{"title":"swETH Launch","description":"swETH Going Live","link":"https://www.coingecko.com/en/coins/sweth/historical_data","date":"2023-05","type":"CREATED"}],"linkedWikis":{"blockchains":["ethereum"],"founders":["daniel-dizon"]},"ipfs":"QmUzhbpm33fhEwkCgo7NJPTrwPNhEDdjEibjR5vBp5Ueag","transactionHash":"0x8fb9a4c00634ca2b9441cf0f168317b85af8b6a899078effb51c2bf425c60413","created":"2024-04-02T18:06:13.631Z","updated":"2024-04-14T21:29:17.929Z","images":[{"id":"QmQXVnx1aUgx3ooizacBMK3yqTUkPSu8Np3ZSRtjGxyoiz","type":"image/jpeg, image/png"}]}