When a user stakes their ETH to the Swell swETH contract, the ETH equivalent in Swell’s liquid staking token swETH is minted to the user. The ETH in the swETH contract sent to the Deposit manager contract to be pooled until there is enough for at least a 32 ETH deposit . The next validator(s) in the registry contract is then selected via round robin and a deposit is made into the Ethereum deposit contract with a validator key(s). The validator is then in a queue to be activated in the consensus layer for the node operator to begin attesting transactions and proposing blocks.
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Explore apps and services using swETH:
<aside> ⚠️ This is a LIVE document, continuously updated by the protocol teams, communities and ‣ contributors. Note that the information in this Notion board might be outdated or wrong. The contributors are not liable for any incorrect or incomplete information within this Notion board.
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