Swell Network (SWELL)

Liquid Restaking

Swell Network delivers the world’s best liquid restaking experience. This means users can restake their Ethereum assets to earn rewards while still having access to those assets for DeFi activities.

DeFi Access

It simplifies access to decentralized finance (DeFi) by allowing users to use their restaked assets in various DeFi protocols, increasing liquidity and earning potential.

Ecosystem Integration

Swell Network supports multiple DeFi services such as borrowing, lending, concentrated liquidity, and yield boosting through AI-powered vaults on its platform.

Token Utility

The Swell Network token is used in staking products and participates in fee flow auctions, where tokens are used to purchase protocol revenue and then burned, helping strengthen the tokenomics.

Future Developments

Swell Network is evolving into Faro, maintaining the same token and staking products, with new AI-powered trading intelligence coming soon.

Advantages

• Swell Network offers the world’s best liquid restaking experience, making it easier to access DeFi and support Ethereum’s future.
• It has a strong ecosystem with various DeFi products like OpenOcean for liquidity, Orki Finance for borrowing, King for claiming rewards, and AI-powered vaults with Tempest.
• The network collaborates with top security firms such as Sigma Prime, Hexens, and Immunefi, ensuring robust security and risk management.
• Swell Network is evolving into Faro, adding new AI-powered trading intelligence while keeping the same token and staking products.
• It partners with many reputable projects and services, enhancing its ecosystem and utility.

Disadvantages

• Users need to withdraw funds from Swellchain before June 15, 2026, due to the sunsetting of Swellchain as it transitions to Faro.
• The transition might require users to adapt to new platforms or tools as the network evolves.

Founders

Swell Network was founded by Daniel Dizon, who serves as the Co-Founder and CEO.

Leadership and Council

The Swell Ecosystem Council includes members like Anton Buenavista and Bob Baxley, who contribute to the growth and development of the network, but the primary founder mentioned is Daniel Dizon.

Lead Investors

Framework Ventures led the latest Seed funding round for Swell Network.

Other Notable Investors

Investors include Imprint Capital Partners, Evolution Venture Capital, Maven 11 Capital, IOSG Ventures, Apollo Capital, Bankless Ventures, BlackDragon (Zagreb), Digital Consensus Fund, Hash#CIB, Sora Ventures, Bixin Capital, and others.

Total Funding and Rounds

Swell Network has raised a total of $3.75 million in a Seed round with participation from around 12 to 17 investors. There are mentions of up to 33 investors involved overall.

Recent Investors

More recent investors include Upside and Ryan Sean Adams, who participated in a Series A round in early 2024.

Shariah Compliance

Swell Network is currently under Shariah review by experts at Sharlife, meaning its halal status is not yet confirmed.

Revenue Model

The primary revenue comes from staking rewards generated by validating the Ethereum network, which is considered genuine value creation rather than interest-bearing loans.

Summary

No definitive halal or haram ruling is available yet, as the project is still being reviewed for Shariah compliance.