TechFlow News — According to the official blog, Ethereum staking protocol Swell Network will update its protocol functionality on the Ethereum mainnet in April, including incentivizing the liquid staking token Swell Ether, enabling fully composable and fungible liquidity, a curated set of vetted node operators, purpose-built vault strategies, and more. Until then, staking deposits will remain paused.
Existing Swell stakers do not need to take any action and will be seamlessly migrated to the new version. The DAO has deprecated the previous design model involving atomic deposits and NFTs.
Previously, in March last year, Swell Network raised $3.75 million in a seed funding round led by Framework Ventures.Original link
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