LibraryCredit and stable value2023Design paperCorpus record
Swell: a liquid staking and restaking token
Swell protocol. Swell.
Swell publishes a liquid staking token and, in later docs, a restaking path. The token is a claim on the validators and on any restaking assignment the docs add.
A reading of the project's public design document. Not a copy, not a benchmark, and not an offer.
Swell publishes a liquid staking token and, in later docs, a restaking path. The token is a claim on the validators and on any restaking assignment the docs add.
- Evidence
- Primary paper
- Re-measured
- No
- Assumptions
- 3
- Records linked
- 6
01 Claim ledger
What the paper is allowed to say
Each row is a sentence already in the study. The status is the same on every row: a model claim, not a live measurement.
Claim 01 · Paper model
The defect
Restaking on top of liquid staking is two slashing domains. Describing only the liquid token hides the second.
Claim 02 · Paper model
The proposal
Swell publishes a liquid staking token and, in later docs, a restaking path. The token is a claim on the validators and on any restaking assignment the docs add.
Claim 03 · Paper model
The mechanism
Deposits are staked with operators the docs name. The token tracks the pool.
Claim 04 · Paper model
The bound
No yield is stated here.
02 Three cuts
Observation, model, falsifier
A desk does not stop at the summary. Each claim is cut three ways, using only this study's own assumptions and checks. Nothing here is a new figure.
01 The defect
Observation
What the study says
Restaking on top of liquid staking is two slashing domains. Describing only the liquid token hides the second.
Model
What has to hold
You are reading Swell's docs. The restaking protocol it points at is a dependency.
02 The proposal
Observation
What the study says
Swell publishes a liquid staking token and, in later docs, a restaking path. The token is a claim on the validators and on any restaking assignment the docs add.
Model
What has to hold
You are reading Swell's docs. The restaking protocol it points at is a dependency.
03 The mechanism
Observation
What the study says
Deposits are staked with operators the docs name. The token tracks the pool.
Model
What has to hold
No price, supply, yield, or adoption figure is added by this desk.
Falsifier
What would retire it
What is the redemption path?
04 The bound
Observation
What the study says
No yield is stated here.
Model
What has to hold
No price, supply, yield, or adoption figure is added by this desk.
03 Sequence
One action, as an operating tape
04 Load-bearing
The argument, and where a pitch drops it
What the name has to mean
The cut
Swell publishes a liquid staking token and, in later docs, a restaking path. The token is a claim on the validators and on any restaking assignment the docs add.
Why it carries weight
If this cut is skipped, the paper's name is being used without the mechanism that makes the name mean anything.
Where it is dropped
A later client, parameter or reward formula is a different object from this paragraph.
What actually moves
The cut
If the docs assign the stake into a restaking protocol, that protocol's slashing condition applies.
Why it carries weight
If this cut is skipped, the paper's name is being used without the mechanism that makes the name mean anything.
Where it is dropped
A later client, parameter or reward formula is a different object from this paragraph.
What a later deployment may change
The cut
A secondary market is not the redemption queue.
Why it carries weight
If this cut is skipped, the paper's name is being used without the mechanism that makes the name mean anything.
Where it is dropped
A later client, parameter or reward formula is a different object from this paragraph.
05 Register
What has to be true
Model · Not re-measured
You are reading Swell's docs. The restaking protocol it points at is a dependency.
Model · Not re-measured
The document is the one at the source URL. A marketing page with the same brand is not this text.
Model · Not re-measured
No price, supply, yield, or adoption figure is added by this desk.
06 Divergence
What happened after the paper
Points are not a mechanism.
A later client, parameter set, or reward formula is a different object. Cite this paper for the mechanism. Cite a primary release for the network. This desk has not re-run the proof.
07 Pre-mortem
What to check before you use the idea
- 0 of 3 marked on this browser. A mark is a reading note, not a pass, a rating, or a recommendation.
08 Anatomy
The paper, in the order a builder needs
The problem it names
Restaking on top of liquid staking is two slashing domains. Describing only the liquid token hides the second.
What the design proposes
How the mechanism is specified
What this page does not treat as proven
Why the desk still reads it
Swell publishes a liquid staking token and, in later docs, a restaking path. The token is a claim on the validators and on any restaking assignment the docs add.
09 Lexicon
Terms, opened into the record
- Liquid staking token
- A claim on a staking pool.
10 Repository
Every linked record on this page
Underlined words open a page that already exists: a concept, a protocol profile, a failure record, or another paper. If a word is not underlined, this desk does not have a record for it.
This is Blockchain Lab's reading of a public design paper. It is not the paper, not a copy of it, and not an offer of tokens, equity, custody or a partnership. Later network behaviour can diverge from the text. Nothing here is investment, legal or technical advice.
Research status: Design paper. Last reviewed: 1 October 2026. This is a reading of a public paper, not investment, legal or security advice.