Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token

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Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

#Technology, #News, #Bitcoin, #Restaking, #EigenLayer, #Swell

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