Swell Founder Daniel Talks About Ethereum Liquid Staking and DeFi Innovation

Swell founder Daniel recently shared his experiences and insights in the cryptocurrency field during an interview. As a former web2 entrepreneur and portfolio manager, Daniel is now focused on innovations in the Ethereum ecosystem.

Daniel introduced that Swell is an emerging Ethereum liquid staking protocol, which has attracted about 50,000 ETH in stake within just 5 months and integrated with over 40 protocols. As one of the fastest-growing DeFi protocols in 2023, Swell's Total Value Locked (TVL) reached 73 million USD in about six months.

Speaking about the rapid growth of Swell, Daniel emphasized the importance of building strong relationships with ecosystem partners and their innovative "voyage" marketing strategy, which attracted over 13,000 participants.

In the highly competitive liquid staking token (LST) space, Swell stands out through several innovations:

1. The first platform to implement Chainlink stake proof (PoR), enhancing transparency.
2. Be the first to utilize LayerZero technology to achieve cross-chain interoperability, making swETH widely available across various networks.
3. Launch an innovative "Voyage" initiative to promote user adoption and usage.

Looking ahead, Daniel stated that Swell will continue to drive innovation in the liquid staking space, including introducing voting lock/measurement mechanisms, developing new liquidity re-staking principles, and providing a high-quality user interface to significantly improve the staking experience.

Regarding the development of the LSDfi (liquid staking DeFi) market, Daniel predicts that the next important trend may be re-staking, likely supported by Eigenlayer. He also stated that Swell is committed to providing extensive interactions and integrations within the Ethereum ecosystem while expanding cross-chain capabilities.

In the face of a potentially prolonged bear market, Daniel believes this is an excellent opportunity for building. The Swell program will focus on significant product upgrades, continue to listen to community feedback, and launch a new generation of liquid staking solutions.

Overall, Daniel's perspective reflects the ongoing innovation and development in the DeFi space, particularly in the liquid staking sector. Despite the challenging market environment, projects like Swell continue to push the boundaries of technology, providing better services for users.