Swell plans Layer 2 ‘restaked rollup’ alongside native governance token | Headlines | News | CoinMarketCap

03/13/2024 19:15
Swell plans Layer 2 ‘restaked rollup’ alongside native governance token | Headlines | News | CoinMarketCap

Liquid restaking platform Swell Network will launch its own Layer 2 rollup chain, leveraging several features from EigenLayer. Swell’s rollup will …

Liquid restaking platform Swell Network will launch its own Layer 2 rollup chain, leveraging several features from EigenLayer.

Swell’s rollup will diverge from traditional Layer 2 designs by adopting a “restaked rollup” approach — a specialized Layer 2 framework developed by AltLayer.

To develop the Layer 2 network, Swell will employ Polygon’s chain development kit (CDK) — with AltLayer providing support. The mainnet is planned for the second half of this year. 

This Layer 2 network purports to offer Swell users benefits — including native restaking yield (via Eigen), better scalability and lower fees. The designated gas token for the network will be rswETH, with Swell's upcoming token being used for governance.

Incorporating Eigen’s actively validated services and EigenDA

The …

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