In the current cryptocurrency market, staking has become a popular way to earn passive income. SWELL token, as an innovative non-custodial staking protocol, provides unique liquidity staking and re-pledge services, allowing users to earn stable income more easily. This article will detail how the SWELL token works, its advantages, and how to use the platform to earn passive income.
1. What is SWELL token?
SWELL is a non-custodial staking protocol designed to provide the best liquidity staking and re-staking experience for Ethereum (ETH) and other blockchain networks. Unlike traditional custodial staking services, SWELL enables users to fully control their funds through a decentralized and non-custodial approach, while also being able to participate in more DeFi activities.
Through SWELL, users can pledge or re-pledge ETH to earn blockchain rewards and obtain AVS rewards through re-staking. In the process, users will receive income-generating liquid tokens (LST or LRT) that can not only be used as holdings, but can also participate in the broader DeFi ecosystem to earn additional income.
2. Advantages of SWELL: Liquidity Staking and Re-Staking
SWELL's core competitiveness lies in its liquidity staking and re-staking functions. By staking ETH on the SWELL platform, users can not only obtain rewards from the ETH blockchain, but also obtain AVS (Asset Verification Service) rewards through the re-pledge function. Importantly, SWELL provides users with liquid tokens LST or LRT, which can circulate in the market like traditional stablecoins and even participate in other DeFi projects to increase revenue sources.
In addition, the SWELL platform is designed to be simple and easy to use. Users can unlock their pledged assets at any time and enjoy liquidity while ensuring returns. This makes SWELL different from traditional pledge service platforms, and the user experience is more flexible and convenient.
3. How to earn passive income through SWELL tokens?
By staking ETH on the SWELL platform, users will receive liquid pledge tokens (LST or LRT). These tokens represent the user's pledged assets on the platform and can be used to participate in more DeFi projects. For example, users can reinvest these tokens into decentralized exchanges (DEX) or other yield-based protocols to earn more.
In addition, by re-staking, users can also receive AVS rewards, which further increases the source of income. Therefore, SWELL is not only a staking platform, but also a DeFi protocol that provides users with multiple income opportunities.
4. Market performance of SWELL tokens
The market performance of SWELL token also reflects its widespread demand and potential. Currently, SWELL has a circulating market value of US$310 million and has more than 13,000 currency holders. These data show the popularity of SWELL tokens in the market. Despite its relatively low 24-hour trading volume, SWELL holders have demonstrated confidence in its long-term potential.
5. Summary
SWELL token provides users with a reliable and efficient liquidity staking and re-staking platform to not only earn blockchain rewards, but also further increase income by participating in the DeFi ecosystem. Whether it is long-term holding or active participation, SWELL can bring stable passive income to users, and through its decentralized design, it ensures the security and flexibility of assets.