ChainCatcher news, Ethereum staking project Swell announced on X that since the launch of swBTC this week, the platform has deposited over $13 million in WBTC (currently about $13.6 million), with liquidity on Curve Finance reaching $3 million. Additionally, lending integration is coming soon.Previously, Swell announced the launch of the liquidity re-staking token "swBTC" on social media. It is reported that users can deposit wBTC to earn swBTC, which is a token pegged 1:1 with BTC and can be used on the Ethereum network. The re-staking rewards are expected to be distributed starting in mid-September.

ChainCatcher news, according to official sources, Swell has launched the first Bitcoin LRT swBTC in the Ethereum ecosystem to help Bitcoin holders earn yields from EigenLayer and other restaking protocols Symbiotic and Karak.Users can deposit WBTC to receive swBTC, with earnings expected to start from mid-September. Restaking WBTC can earn 3 times Black Pearl and Symbiotic points.