Liquid Restaking Protocol Swell Migrates to Optimism Superchain
Swell, a liquid restaking protocol, has announced its decision to migrate its Layer 2 from Polygon Chain Development Kit (CDK) to Optimism Superchain. As part of this strategic transition, Swell will utilize its Proof of Restake model to improve the capital efficiency of staked assets and establish a growth-supporting mechanism for the Superchain, providing restaking yield and security functions.
To align 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 Founder Daniel Dizon expressed excitement about collaborating with OP Labs and the wider Optimism Collective to build out their shared vision for scaling Ethereum.
By integrating with the Optimism Superchain through the OP Stack framework, Swell joins a growing list of prominent players in the crypto industry, including major exchanges like Coinbase. Other notable names already utilizing the OP Stack include Uniswap and Sony.
Although Swell previously announced plans to use Polygon’s CDK to create a zkEVM for its Layer 2 network, the decision to leverage Optimism’s OP Stack instead has not been revealed. Swell continues to believe in the aggregated ecosystem that Polygon is building.
According to data from DefiLlama, Swell’s products collectively hold a total value locked of more than $1.35 billion.
Polygon Chain Development Kit (CDK) was introduced by Polygon Labs in Q3 2023 as an open-source framework designed to enable the launch of ZK Layer 2s and support the transition of EVM Layer 1s to Layer 2s. The CDK is focused on customization and zero-knowledge (ZK) technology and aims to streamline connections between CDK-based chains and the AggLayer. Several popular projects, including OKX, Ronin, Immutable, and others, have announced CDK-based chains.
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