Swell Network (SWELL)

Use Cases of Swell Network

• Liquid Restaking: Swell Network offers a way to restake assets while keeping them liquid, meaning users can earn rewards without locking up their tokens fully.
• DeFi Access: It simplifies access to decentralized finance (DeFi) by enabling users to use restaked assets across various DeFi applications.
• Ethereum Security: Swell Network helps secure the Ethereum network by supporting staking and restaking activities.
• Ecosystem Integration: The network supports multiple DeFi projects like OpenOcean (liquidity across DEXs), Orki Finance (borrowing against staked tokens), and King (claiming restaking rewards), enhancing the overall DeFi experience.

For more details, visit Swell Network.

Pros

• Liquid restaking experience that simplifies access to DeFi.
• Supports securing the future of Ethereum.
• Strong ecosystem with multiple DeFi projects like OpenOcean, Orki Finance, King, Ambient Finance, and Tempest.
• Partnerships with many notable projects and networks, enhancing interoperability and growth.
• Works with top security and risk management firms such as Sigma Prime, Hexens, Immunefi, Gauntlet, and Chaos Labs.
• Uses reliable services like Chainlink and Redstone for decentralized data and oracle solutions.

Cons

• As a specialized liquid restaking platform, it may require users to understand DeFi concepts to fully benefit.
• Ecosystem and features are still growing, which might mean some tools or integrations are in early stages.
• Focused mainly on Ethereum and related assets, so less suited for users outside that ecosystem.

For more details, visit Swell Network.

Founders

The website https://www.swellnetwork.io/ does not provide specific information about the founders of Swell Network.

Investors in Swell Network

The website does not list specific investors by name. However, Swell Network collaborates with many partners and service providers in the crypto and DeFi space, including firms focused on security, risk management, and blockchain infrastructure.

Partners and Collaborators

These include projects and companies like Euler, Contango, Brahma, Radius, Hyperlane, Ojo Network, Mind Network, Marlin, Hemi, Ditto, Polyhedra, Drosera, Lagrange, Brevis, Finoa, Zircuit, Karak Network, Toros, Metastreet, Myso, Li.fi, Liquis, Enzyme, and Raft.

Security and Risk Management Firms

Swell Network works with Sigma Prime, Hexens, Immunefi, Gauntlet, Chaos Labs, Chainlink, Redstone, and Rated for auditing, bug bounties, risk management, and oracle services.

For more details, visit Swell Network.

Halal Status of Swell Network

• Halal Status: No clear official statement or certification found confirming Swell Network as halal.
• Reason: There is no publicly available information or Shariah compliance certification on the official Swell Network website or trusted Islamic finance sources indicating that Swell Network follows Islamic finance principles.
• Summary: Without explicit Shariah compliance or halal certification, it cannot be confirmed as halal.

For more details, visit Swell Network official site.