Swell Network (Swell), a permissionless, non-custodial and liquid Ethereum (ETH) staking protocol, today announced a strategic partnership with InfStones, a provider of decentralized solutions blockchain infrastructure on a single platform, to enable greater flexibility, transparency, and yield in ETH liquid staking.
Making it easier for stakers to choose, Swell allows stakers to select the node operator they wish to stake ETH with. Now, thanks to this partnership, Swell users can natively select InfStones as a verified node operator and thus enjoy all the benefits of liquid staking.
“Partnering with trusted node operators is key in this regard. By integrating Swell’s liquid derivative token and non-fungible financial token (NFT) design with InfStone’s institutional-grade Ethereum node management infrastructure, Swell can provide stakers with a more robust, transparent and flexible solution for their Ethereum holdings.
– Daniel Dizon, co-founder of Swell Network
InfStones will become one of the first verified node operators to join the Swell Network DAO, providing institutional-grade node management to Swell to deliver the future of ETH liquid staking.
As part of this agreement, InfStones will run Validator Nodes on Swell, which operate at the protocol layer to provide stakingrs with a 1:1 asset-backed ETH staking derivative contained in the Swell Financial NFT (swNFT) , known as Swell Ether (swETH).
The unique combination of issuing both tokens when a stakeholder bets with Swell allows for a powerful blend of liquidity, transparency, and ownership. The swETH token is designed to earn higher returns throughout the decentralized financial economy on top of the base layer Ethereum staking rewards.
swNFT works as an ownership certifier – a ‘proof’ of your ‘stake’. This means a new level of transparency for stakers, as users can now access information about their staked tokens while enjoying all the benefits of liquid staking with trusted node operators and innovative protocol design.
Finally, InfStones will provide investment and liquidity to Swell in connection with its public launch scheduled for Q3 2022.