{"id":174016,"date":"2024-10-30T10:55:36","date_gmt":"2024-10-30T10:55:36","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=174016"},"modified":"2024-10-30T10:55:42","modified_gmt":"2024-10-30T10:55:42","slug":"swell-joins-the-optimism-superchain-key-updates-and-strategic-shift-explained","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/swell-joins-the-optimism-superchain-key-updates-and-strategic-shift-explained\/","title":{"rendered":"Swell Joins the Optimism Superchain\u2014Key Updates and Strategic Shift Explained"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Swell shifts to the Optimism Superchain,<\/span><\/strong><span data-preserver-spaces=\"true\"> moving away from its initial plan to use Polygon&#8217;s CDK, and will now leverage the OP Stack for building an optimistic rollup.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">The OP Stack, a modular and open-source framework, <\/span><\/strong><span data-preserver-spaces=\"true\">will enhance the capital efficiency of staked assets and maximize the potential of Swell&#8217;s restaking yield layer.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Swell&#8217;s collaboration with OP Labs and the Optimism Collective will bring shared protocol upgrades<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">, security enhancements, and access to grants, positioning Swell at the forefront of Ethereum scaling solutions.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Swell,<\/span><\/strong><span data-preserver-spaces=\"true\"> a prominent liquid <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/restaking\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">restaking<\/span><\/a><span data-preserver-spaces=\"true\"> protocol, <\/span><strong><span data-preserver-spaces=\"true\">has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.swellnetwork.io\/post\/swell-l2-superchain\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced<\/span><\/a><span data-preserver-spaces=\"true\"> a significant strategic shift by joining the Optimism Superchain ecosystem<\/span><\/strong><span data-preserver-spaces=\"true\">. This move departs from its initial plan to develop a Layer 2 chain using Polygon&#8217;s chain development kit (CDK). <\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Swell L2 will be the Restaking Hub for the Superchain, bringing restaking yield and security to a collective of rollups that includes <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@base<\/a>, <a href=\"https:\/\/twitter.com\/modenetwork?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@modenetwork<\/a>, and <a href=\"https:\/\/twitter.com\/Optimism?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Optimism<\/a>, along with new joiners <a href=\"https:\/\/twitter.com\/inkonchain?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@inkonchain<\/a> and <a href=\"https:\/\/twitter.com\/unichain?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@unichain<\/a>.<\/p>\n<p>\ud83c\udf0a\u26d3\ufe0f <a href=\"https:\/\/t.co\/lfcEpA4bUA\" target=\"_blank\">https:\/\/t.co\/lfcEpA4bUA<\/a><\/p>\n<p>&mdash; Swell (@swellnetworkio) <a href=\"https:\/\/twitter.com\/swellnetworkio\/status\/1851169507454435370?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Instead, <\/span><strong><span data-preserver-spaces=\"true\">Swell will now leverage the OP Stack to build an optimistic rollup<\/span><\/strong><span data-preserver-spaces=\"true\">, aligning itself with the Ethereum-aligned scaling solution that powers all blockchains within the Superchain.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Benefits of the OP Stack<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The OP Stack is a modular, open-source framework<\/span><\/strong><span data-preserver-spaces=\"true\"> designed by <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/optimism\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Optimism<\/span><\/a><span data-preserver-spaces=\"true\"> to create scalable and interoperable Layer 2 blockchains,<\/span><strong><span data-preserver-spaces=\"true\"> known as OP Chains. <\/span><\/strong><span data-preserver-spaces=\"true\">This framework focuses on parallel development, openness, and transparency, making it an ideal choice for Swell&#8217;s new direction. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">By adopting the OP Stack, <\/span><strong><span data-preserver-spaces=\"true\">Swell aims to enhance the capital efficiency of staked assets<\/span><\/strong><span data-preserver-spaces=\"true\"> and maximize the potential of its restaking yield layer through a unique Proof of Restake mechanism.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Collaboration with Optimism Collective<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-174021\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SwellOPLabs.jpg\" alt=\"Swell Joins the Optimism Superchain\u2014Key Updates and Strategic Shift Explained\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SwellOPLabs.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SwellOPLabs-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SwellOPLabs-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As part of this transition,<\/span> <strong><span data-preserver-spaces=\"true\">Swell will collaborate closely with OP Labs and the wider Optimism Collective<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> This partnership will enable Swell to benefit from shared protocol upgrades, security enhancements, and access to grants and programs like Retro Funding, which rewards builders across the Optimism ecosystem. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Swell&#8217;s OP chain will use ETH as the gas token, and a portion of sequencer revenue will be allocated to the Optimism Collective, which will be consistent with the plans of all chains in the Superchain ecosystem.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Impact on Swell&#8217;s Ecosystem<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Swell&#8217;s migration to the Optimism Superchain is expected to bring several advantages<\/span><\/strong><span data-preserver-spaces=\"true\">. The move will <\/span><strong><span data-preserver-spaces=\"true\">enhance the security and liquidity of staked assets<\/span><\/strong><span data-preserver-spaces=\"true\">, driving <\/span><strong><span data-preserver-spaces=\"true\">growth<\/span><\/strong><span data-preserver-spaces=\"true\"> and <\/span><strong><span data-preserver-spaces=\"true\">fostering a positive-sum network<\/span><\/strong><span data-preserver-spaces=\"true\"> where the success of any single chain benefits all chains within the ecosystem. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Swell&#8217;s founder, Daniel Dizon, expressed excitement <\/span><\/strong><span data-preserver-spaces=\"true\">about the collaboration, <\/span><strong><span data-preserver-spaces=\"true\">highlighting the potential for Swell L2 to become the home of all restaking activity in the Superchain<\/span><\/strong><span data-preserver-spaces=\"true\">. Looking ahead, Swell plans to release a test network soon, with the expectation of receiving a sizable grant from the Optimism Foundation for this migration. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The transition to the Optimism Superchain represents a significant milestone for Swell, positioning it at the forefront of Ethereum scaling solutions and reinforcing its commitment to innovation and growth in the decentralized finance (DeFi) space.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Swell shifts to the Optimism Superchain, moving away from its initial plan to use Polygon&#8217;s CDK, and will now leverage the OP Stack for building an optimistic rollup. The OP Stack, a modular and open-source framework, will enhance the capital efficiency of staked assets and maximize the potential of Swell&#8217;s restaking yield layer. Swell&#8217;s &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Swell Joins the Optimism Superchain\u2014Key Updates and Strategic Shift Explained\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/swell-joins-the-optimism-superchain-key-updates-and-strategic-shift-explained\/#more-174016\" aria-label=\"More on Swell Joins the Optimism Superchain\u2014Key Updates and Strategic Shift Explained\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":174020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[102,84,74],"tags":[4620,5170,5469,9914],"class_list":["post-174016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-news","category-featured","tag-blockchain","tag-layer-2","tag-optimism","tag-restaking"],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/174016"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=174016"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/174016\/revisions"}],"predecessor-version":[{"id":174023,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/174016\/revisions\/174023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/174020"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=174016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=174016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=174016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}