Swell Network (SWELL)

Use Case of Swell Network

Swell Network delivers the world’s best liquid restaking experience. It helps users easily access DeFi (decentralized finance) and supports the security of Ethereum. The platform allows users to restake their assets in a liquid way, meaning they can keep using their tokens while earning rewards.

Ecosystem Integration

Swell Network works with many DeFi projects like OpenOcean for liquidity, Orki Finance for borrowing against restaked tokens, King for claiming restaking rewards, Ambient Finance for liquidity on restaked assets, Ion for lending and borrowing, and Tempest for AI-powered yield boosting.

Security and Risk Management

Swell Network partners with top security firms and uses advanced risk management tools to maintain a secure and reliable platform.

For more details, visit https://www.swellnetwork.io/.

Advantages

• Swell Network offers the world’s best liquid restaking experience, making it easier to access DeFi.
• It helps secure the future of Ethereum by supporting its ecosystem.
• The platform integrates with many DeFi services like borrowing, lending, and yield boosting through partners such as Orki Finance, Ambient Finance, and Tempest.
• It collaborates with top security and risk management firms, including Sigma Prime, Hexens, and Immunefi, ensuring strong protection.
• Swell Network uses advanced tools for economic security and risk management from partners like Gauntlet and Chaos Labs.
• It benefits from decentralized data and computing services like Chainlink and Redstone oracles.

Disadvantages

• No specific cons are listed in the available information.

Founders of Swell Network

The founder of Swell Network is Daniel Dizon, who is also the Co-Founder and CEO.

Lead Investors

Framework Ventures led the latest Seed funding round for Swell Network, contributing significantly to the $3.75 million raised.

Other Notable Investors

Swell Network's investor group includes IOSG Ventures, Apollo Capital, Maven 11 Capital, Imprint Capital Partners, Evolution Venture Capital, Bankless Ventures, BlackDragon (Zagreb), Digital Consensus Fund, Hash#CIB, and several others, totaling around 17 to 33 investors depending on the source.

Angel and Venture Capital Support

The project is backed by a mix of venture capital firms and angel investors, including notable names like Upside and Ryan Sean Adams, who participated in later funding rounds.

Investment Focus

These investors support Swell Network's mission to provide non-custodial liquid staking solutions for Ethereum, helping to grow its decentralized finance ecosystem.

Halal Status of Swell Network

• Yes, Swell Network is considered halal.
• This is because its primary revenue comes from staking rewards generated by validating the Ethereum network, which represents genuine value creation through network security provision rather than interest-bearing loans.