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Swell Network is one of the trending liquid staking and restaking protocols in the current decentralized finance landscape. On June 5th, Swell Network announced detailed information about the governance token SWELL and the origins of Swell DAO. The project stated that from this point forward, the role of core contributors will be minimized, and governance rights will gradually be transferred to token holders through a decentralization process. SWELL is the token used for managing the protocol and securing Swell L2. It also serves as the governance token for the entire protocol, enabling decision-making across the community. To promote healthy token distribution, the project encourages users to acquire SWELL through The Voyage, which allocates 8% of the total supply. #Coinbay #SWELL #SwellNetwork #SwellDAO

What is SWELL token? Restaking protocol Swell Network

What is SWELL token? Restaking protocol Swell Network

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