Swell: SWELL will provide security for Swell L2 infrastructure services through re-staking via Symbiotic

ChainCatcher news, the re-staking protocol Swell announced on X that the SWELL token will be re-staked through Symbiotic to provide security for Swell L2 infrastructure services, such as Rollup ordering, oracles, and cross-chain bridging. In return, re-staking participants will receive rSWELL, thereby accumulating Symbiotic points and future staking rewards.

Previous news, the re-staking protocol Swell Network announced that SWELL claims will open on November 7 at 17:00, and revealed the SWELL token economic model.