Deep Dive | May 14th

The Swellchain ecosystem is growing fast.

Stablecoin liquidity protocol Relend is the latest to join the chain, and will soon be joined by Orki along with OG staking token wstETH from Lido.

Meanwhile, daily transactions on the network recently hit an all-time-high at 68,000.

Behind the scenes, Swell core contributors are cooking up something completely new. Stay tuned for more news on that soon!

🌊⛓️ Swellchain Updates

Orki approaches launch

CDP protocol Orki is expected to launch on Swellchain on May 15th. Deposit LRTs as collateral and mint the stablecoin $USDK.

Join the pod in Discord for opportunities to earn merch and early participant rewards.

https://discord.com/invite/QeZPyqE6VB ‍

Swellchain Quarterly Report

The Q1 report highlights the growth Swellchain has made since launching in Q4, 2024, exploring the key takeaways from Q1 and where we’re headed in the future.  

‍ Read Swellchain’s Q1 Report ‍

EGP cross-chain bridge 

Eigenpie’s $EGP cross-chain bridge is live on Swellchain. 

Eigenpie users can now move their $EGP seamlessly between Arbitrum and Swellchain through the bridge on their dApp.

‍ Bridge today ‍

Relend Network 

Relend’s $rUSDC brings more stablecoin liquidity to Swellchain with the first Stablecoin Money Market on Euler. 

The protocol launched to a waiting audience, with the initial borrow cap on EulerFinance quickly hit by Swellchainers seeking yield on USDC.
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‍ Explore the $rUSDC strategies on Swellchain ‍

Swellchain is live on Jumper

Seamlessly bridge ETH, WETH, USDe, and more to and from Swellchain with ease!

‍ Bridge to Swellchain ‍

Pyth Core has deployed on Swellchain

Builders on Swell can now integrate 1,400+ real-time price feeds with update fees of 0.00005 ETH.

The integration of Pyth Price Feeds provides another essential data source for Swellchain dApps.
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Intraverse Kart Racers Season III

Multichain gaming platform Intraverse has launched on Swellchain, and is kicking off the fun with a Kart Racers tournament.

🎟 Free mint booster collection launching on Swellchain, ApeChain & Taiko
🏁 Tournament Kickoff: Few days after the mint
💰 PRIZES:  $10,000+ base prize pot**

Formula APE holders incentives + trailblazers prizes!

Sign up: https://forms.gle/3zgwHduC9mAfVLCi7 ‍

💻 Swellchain Site

The brand new Swellchain site is live.

Explore dApps, bridges, and ecosystem integrations powering the Swellchain ecosystem.

‍ Check out the new site

Swell City Buildathon judging

The Swell City Buildathon has now concluded.

Entries have been judged by representatives from projects including Eigenlayer, Swell, and Mode.

Winners will be announced soon!

📦 1,000 $SWELL Bonus

The 1,000 $SWELL bonus for claiming $KING on Swellchain has arrived.

To be eligible, you must have more than 0.00075 $KING and have selected Swellchain to claim $KING prior to the April 1st snapshot.

Claims will be open until July 5th.

‍ Claim your $SWELL rewards ‍

🔵 wSWELL Claim Expiry 

Unclaimed wSWELL earned more than 10 weeks ago (before February 20th) will be reclaimed on May 15th to be redistributed to active Swellchain users in upcoming campaigns. 

Moving forwards, unclaimed SWELL rewards from campaigns more than 10 weeks old will be reclaimed every month.

‍ Claim your wSWELL ‍

💧 Liquidity

‍Velodrome Stable Pools

APRs are swelling on Swellchain Velodrome, with $rUSDC and $USDe yields boosted by Swell’s veVELO voting power.

Explore opportunities on Velodrome

mswETH on Velodrome‍

Bridge and provide liquidity in the new mswETH/ETH pool on Velodrome to earn xVELO rewards.

‍ Deposit in the mswETH/ETH pool

📣 Top Tweets

LSTMaximalist is triple-yielding on Swell, here’s how…

Dive into the highlights from Swellchain in the month of April

Swellchain transactions hit all-time high

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Join the Swell Community 

Expect to receive your next edition of the Swell Deep Dive in three weeks.

Until then, stay up to date by joining us in Discord and following us on Farcaster , Twitter and DeBank .

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