Swell Lifts swETH and rswETH Withdrawal Pauses After Rate Reset
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Swell Network has lifted the withdrawal pauses on its liquid staking tokens swETH and rswETH following a rate reset, though direct-deposit controls for both tokens remain paused. The incident stemmed from deposits made at inflated rates, with Swell committing to compensate affected users within a week. The rate reset and pause lift restore redemption functionality for holders of the two liquid staking tokens, which are deployed on Ethereum. Swell is a liquid restaking protocol whose tokens carry restaking exposure, making deposit-rate integrity and withdrawal availability material to users' liquidity and to confidence in the platform. What to watch next: whether Swell delivers compensation within its one-week timeline, when direct deposits for swETH and rswETH resume, and any updates on total value locked or token pricing as normal operations resume.
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Named in this story
Swell, rswETH, swETH