Swell Network Guarded Launch
Swell Network Guarded Launch, where each stage will have a respective ETH threshold that will be actively managed by the DAO to support the initial bootstrapping of the protocol.
Guarded Launch Stages
Swell Network’s Guarded Launch comprises a multi-staged and controlled schedule, with selected Node Operators partners who will be spinning up validators to support the supply side of the Swell’s platform.
Swell Network Guarded Launch, The staged sequencing reflects incremental ETH thresholds across a set of operators with corresponding network validator growth.
The completion of each stage is threshold based with each successive stage requiring stage gate approval by the DAO to ensure appropriate functionality and system behaviour to ensure technical and cryptoeconomic soundness.
Guarded Launch Functionality
The initial functionality of the Guarded Launch will be limited to ‘plain vanilla staking’ with enablement of liquid staking to come post Guarded Launch through the establishment of relevant swETH and ETH liquidity pools. The Guarded Launch will involve the DAO actively managing participation on both the demand side and supply side of the platform.
Post Guarded-Launch
Following a satisfactory completion of each stage gate. Swell will move into a fully permissionless and open state that will carry the full benefits of liquid staking. That is powering by all the unique advantages of staking with Swell.
Security, Testing, and Audits
The Guarded Launch flows off the back of a coordinated testing schedule. With constructive feedback from the growing Swell Network community. This has been coupling with several smart contract audits by multiple audit firms. To provide further reassurance around the technical implementation of Swell Network.
Anout Swell
Swell Network is a permissionless, non-custodial, and liquid ETH staking protocol for stakers, node operators, and the Ethereum ecosystem. A community-driven and open-source protocol backed by the industry’s leading funds and angels. Stake ETH and receive swETH in your own swNFT and earn DeFi yield in a single place.
SOURCE:
https://blog.swellnetwork.io/mainnet-soft-launch-announcement/
