Summary
TLDR: Swell, a liquid staking protocol, is launching its own layer-2 rollup solution for restaking using AltLayer and EigenDA. This design reduces centralization of power and risk by spreading validation logic across the network. Swell’s liquid restaked token will be the chain’s gas currency and governance token. Launching the rollup will enable Swell to expand vertically across the value chain. Other LRT providers may follow suit with similar solutions. Building a restaked rollup allows for more feature-rich products and services.
Key Points
1. Swell, a liquid staking protocol, will launch its own layer-2 rollup solution for restaking using AltLayer and EigenDA.
2. Restaked rollups are a design pioneered by AltLayer, which includes vertically integrated Actively Validated Services (AVS) systems to spread validation logic and responsibilities across the network, reducing centralization of power and risk.
3. Swell’s project’s liquid restaked token (LRT), rswETH, will be the chain’s native gas currency, with the governance token SWELL overseeing the new Swell layer-2, swWTH, and rswWTH.