Swell, a liquid restaking protocol, has revealed its plans to shift its Layer 2 to the Optimism Superchain, moving away from the Polygon Chain Development Kit (CDK). This strategic move will see Swell providing yield and security functions for the Superchain, leveraging its Proof of Restake model to enhance the capital efficiency of staked assets and create a mechanism that supports growth.
To align with Superchain requirements, Swell Layer 2 will implement changes such as using ETH as the rollup gas token and allocating a portion of sequencer revenue to the Optimism Collective. Daniel Dizon, Founder of Swell, expressed excitement about the collaboration with OP Labs and the broader Optimism Collective, aiming to make Swell L2 the hub for all restaking activities in the Superchain.
By integrating with the Optimism Superchain through the OP Stack framework, Swell joins a list of prominent players in the crypto industry, including major exchanges like Coinbase. Recently, Kraken announced its own Layer 2 network, Ink, built on the OP Stack to become part of the Superchain. Other notable entities using the OP Stack include leading decentralized exchange Uniswap and global electronics leader Sony.
Though Swell previously announced intentions to use Polygon’s CDK, supported by AltLayer, to create a zkEVM for its Layer 2 network, the reason behind choosing Optimism’s OP Stack over Polygon’s CDK remains undisclosed. Despite this change, Swell maintains its belief in the aggregated ecosystem Polygon is constructing. As of now, data from DefiLlama indicates that Swell’s products collectively hold a total value locked exceeding $1.35 billion.
Polygon Labs introduced the Polygon Chain Development Kit (CDK) in Q3 2023, an open-source framework designed to facilitate the launch of ZK Layer 2s and assist in the transition of EVM Layer 1s to Layer 2s. The Polygon CDK focuses on customization and zero-knowledge (ZK) technology, ultimately aiming to simplify connections between CDK-based chains and the AggLayer. Several popular projects, including OKX, Ronin, Immutable, and others, have announced CDK-based chains.
The content is about Swell, a liquid restaking protocol, announcing its migration to the Optimism Superchain from the Polygon Chain Development Kit (CDK). Swell will provide restaking yield and security functions for the Superchain using its Proof of Restake model to improve capital efficiency of staked assets. To comply with Superchain requirements, Swell Layer 2 will introduce modifications such as using ETH as the rollup gas token and directing part of sequencer earnings to the Optimism Collective.
Swell joins other prominent players in the crypto industry, such as Coinbase, by integrating with the Optimism Superchain through the OP Stack framework. Previously, Swell planned to use Polygon’s CDK to create a zkEVM for its Layer 2 network, but the decision to leverage Optimism’s OP Stack instead has not been revealed. The article also mentions the Polygon CDK, an open-source framework introduced by Polygon Labs to enable the launch of ZK Layer 2s and support the transition of EVM Layer 1s to Layer 2s.
