SwBTC generates yield using wBTC, the token pegged 1:1 to BTC that can be put to work in the Ethereum network while retaining the value of the world's largest cryptocurrency.
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September, according to an announcement shared with CoinDesk on Wednesday.
Swell's roots are in Ethereum. But we are bullish on restaking across the blockchain ecosystem,
That's why we've launched a liquid restaking token for Bitcoin that will... help up to $1 trillion of bitcoin liquidity start flowing into DeFi.
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