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Swell launches liquid staking protocol with zero-fee offer
- Cointelegraph
- 2023-04-25
- 3784
- Industry
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Summary:Swell has launched on Ethereum in public beta, and for a limited time only, it’s offering zero-fee liquid staking and the opportunity to participate i
Swell has already launched a public beta version on Ethereum, and only for a limited period of time, it offers zero cost liquidity bets and may participate in its decentralization journey.
Swell is currently conducting its first test in Ethereum and invites gamblers with various work experiences to increase profits based on zero fee floating bets within a limited time frame.
Through a streamlined decentralized application software (DApp), Swell makes liquid pledge more convenient than ever before. Stakeholders can obtain the maximum profit in the market while also maintaining control over Ethereum (ETH). The rate of return is provided by the entity model containing reward tokens, which minimizes tax issues and makes it increasingly easy to deploy betting ETHs to the decentralized financial industry (DeFi).
Early bet holders not only benefited from the limited zero cost period of resources, but also were able to participate in Swell's voyage, which aims to unite the community during Swell's operational period and gradually decentralize decentralized grassroots autonomous organizations (DAOs).
Daniel Dizon, Founder and CEO of Swell Labs, stated:
Most liquidity pledge loan agreements have issues with excessive complexity, poor customer experience, and high fees, which have eroded the profitability of pledge loans. Swell's simplified zero fee approach opens liquidity pledge loans to anyone, allowing more people to participate, thereby ensuring the security of Ethereum blockchain technology
In order to ensure the highest level of security, Swell has undergone widespread testing, including blockchain smart contract financial audit by leading company Sigma Prime, testing network disclosure by Goerli, and successful personal disclosure of confidential information.
Get more information about Swell on Swellblog, including how to cash in equity through three simple processes.
DocsTwitterContact: Kieran Smith, Marketing Director, kieran@swellnetwork.ioAbout the Swell Network
Swell is a non customized Ethereum liquid betting protocol that allows for quick betting on ETH and browsing of DeFi strategies in one place.
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