BEARISH 55 The Defiant 1H ago · 1 min read

Swell freezes swETH and rswETH deposits and withdrawals to correct NAV

AI summary

Swell has paused deposits and withdrawals for its swETH and rswETH liquid staking tokens, with onchain controls now blocking withdrawal requests and ETH claims. The protocol says it must correct its net asset value (NAV) before reopening. A halt on redemptions at a liquid staking protocol is a red flag for depositors and could weigh on confidence in ETH staking derivatives.

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2 linked stories · 2 outlets · since 22 Oct

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Swell freezes swETH and rswETH deposits and withdrawals to correct NAV

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