Swell L2 Big Move to Optimism Explained

Swell Community Information: Swell L2 Migrates to Optimism for Higher Yields

In a significant transfer to boost Ethereum scaling, the Swell Community Layer 2 resolution, Swell L2, is migrating to the Optimism Superchain. The transition establishes Swell L2 as an Optimistic Rollup powered by the OP Stack, Optimism’s open-source codebase. 

By becoming a member of the Superchain, Swell will profit from shared infrastructure with notable companions like Coinbase’s Base, Uniswap’s Unichain, and Sony’s Soneium, collectively fostering a seamless community of chains that each one share requirements and safety. 

This alignment with Ethereum’s imaginative and prescient highlights Swell L2’s dedication to selling scalability, openness, and a streamlined DeFi expertise.

Swell L2’s Position because the Restaking Hub of the Superchain

One of many standout parts of this migration is Swell L2’s introduction of a novel Proof of Restake (PoR) mechanism, a function designed to offer a yield and safety layer for the Superchain. 

This PoR mechanism will permit customers to restake belongings, maximizing capital effectivity and enhancing safety and liquidity throughout the Superchain. As a restaking hub, Swell L2 will drive a self-sustaining ecosystem the place liquidity and development repeatedly feed into one another.

To fulfill the Superchain’s necessities, Swell L2 will make minor changes, together with utilizing ETH because the gasoline token and allocating a portion of sequencer income to the Optimism Collective, additional contributing to ecosystem growth.

Future Plans and Transition from Polygon CDK

As a part of this strategic shift, Swell L2 will transfer away from the Polygon CDK, although Swell Community stays dedicated to supporting Polygon’s broader ecosystem. 

Swell Founder Daniel Dizon expressed enthusiasm for the migration, citing the Superchain as dwelling to high DeFi tasks. By leveraging Optimism’s infrastructure, Swell Community goals to make Swell L2 the first platform for restaking inside the Superchain.

Moreover, Swell Community airdrop bulletins and updates will likely be shared with the group on the Swell Community Telegram and Swell Community Telegram Bot, the place particulars on the Swell airdrop itemizing date and swell token pre-market entry are anticipated quickly. Customers can keep linked for bulletins on Swell Community Airdrop and new options through the Swell Community Telegram channel.

Optimism Partnerships Lead Mark Gerhart praised the mixing, emphasizing Swell’s potential for mutual development. An upcoming testnet launch will permit the group to expertise the superior restaking performance of Swell L2. This vital transfer positions Swell Community as a core participant in Ethereum’s evolving scaling panorama, fostering interoperability, effectivity, and new alternatives inside the Superchain.

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