Swell Network (Swell), a permissionless non-custodial and liquid Ethereum staking protocol, announced today a strategic alliance with InfStones. InfStones is a provider of decentralized Blockchain infrastructure on one platform. This partnership will enable greater flexibility and transparency in ETH liquid staking.
Swell facilitates staker choice by allowing stakers to choose the node operator with which they want to stake ETH. Swell users now have the ability to select InfStones in their native node operator selection and enjoy all the benefits that liquid staking offers.
“Partnering with trusted node operators is key to this. By integrating Swell’s liquid derivative token and financial Non-Fungible 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 is one of the first verified node operators to join Swell Network DAO. It will provide leading institution-grade node management to Swell in order to deliver the future ETH liquid staking.
InfStones will operate validator nodes on Swell to provide stakers with an asset-backed ETH staking derivative within the Swell Financial Node (swNFT), also known as Swell Ether.
Swell’s unique combination of issuing both tokens to stakers allows for a powerful mix in liquidity, transparency, ownership, and accountability. The swETH token is designed for higher yields in the decentralized finance economy, on top of the base Ethereum staking rewards.
swNFT functions as a certifier of ownership – a ‘proof’ of your ‘stake’. This provides stakers with a new level in transparency. Users can now access information about their staked tokens while still enjoying the benefits of liquid stakestaking with trusted operators and innovative protocol design.
Lastly, InfStones will provide investment and liquidity into Swell as part of the latter’s public launch scheduled for Q3 2022.