TechFlow news: Trader Joe, an all-in-one decentralized trading platform built on Avalanche, has partnered with Swell Network, an Ethereum staking protocol, to offer efficient liquidity and zero-slippage trading support for swETH on Arbitrum. This collaboration will enhance swETH liquidity. Additionally, swETH will become the first LSD Auto-Pool on Arbitrum.
The Swell x Trader Joe journey begins with dual rewards for the $JOE + $swETH and $swETH - $ETH pools. Rewards will start distributing on the 9th, with further announcements prior to launch.
Swell is a security-first, non-custodial liquid ETH staking protocol. Users can stake ETH to receive swETH, with each swETH always backed by at least one ETH.
Swell has partnered with multiple DeFi protocols to expand swETH utility, enabling users to deposit into single-sided strategy vaults, provide DEX liquidity, or borrow stablecoins. To protect stakers' yields, 90% of generated revenue is returned to swETH holders. Swell has also integrated LayerZero's OFT standard, enabling cross-chain bridging of swETH.
