Swell builds a liquid staking protocol for Ethereum that issues interest-bearing tokens representing users’ stakes and permits a minimum commitment of 1 ETH. The product includes an NFT issued after staking that users can optionally deposit into in-app “vaults” to pursue extra yield via DeFi farming. Swell positions those vaults as its primary differentiator versus existing liquid staking services such as Rocket Pool and Lido, which allow lower or no minimum deposits. The company plans to launch a beta on the Ethereum mainnet in April and later expand to other blockchains, starting with Avalanche and Polygon. The article reports a $3.75M raise; no revenue or user metrics are provided.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022