Swell Liquid Restaking
Best for independently tracked protocol
How it rates
- Audit report linked from a public dataset
- No accounting methodology published at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- MetIndependent audit report linked publicly
Audit report linked from the public protocol dataset.
docs.swellnetwork.io/swell/risks/smart-contract-audits - Met
- MetTracked by an independent analytics platform
Listed with published TVL and history.
defillama.com/protocol/swell-liquid-restaking - Not metAccounting methodology published in the dataset
No methodology published at this check.
defillama.com/protocol/swell-liquid-restaking - PartialApplication reachable at a public address
Published at a documented URL; automated retrieval blocked at this check.
app.swellnetwork.io/restake
- PartialApplication reachable without an account
Published at a documented URL; automated retrieval blocked at this check.
app.swellnetwork.io/restake - MetProtocol economics published independently
TVL and change history published.
defillama.com/protocol/swell-liquid-restaking - Not metAccounting methodology published
Not published at this check.
defillama.com/protocol/swell-liquid-restaking - Not met
- PartialNo account required to reach the application
Published at a documented URL; automated retrieval blocked at this check.
app.swellnetwork.io/restake
- MetTotal value locked published independently
TVL $24m at this check.
defillama.com/protocol/swell-liquid-restaking - Not met
- Not met
- Not metDeployed across more than one chain
1 chain(s) recorded.
defillama.com/protocol/swell-liquid-restaking - MetListed on the dataset for over a year
Listing date recorded in the dataset.
defillama.com/protocol/swell-liquid-restaking
- MetIndependent analytics page published
Public protocol page with history.
defillama.com/protocol/swell-liquid-restaking - Met
- MetChains and category disclosed
Category Liquid Restaking, 1 chain(s).
defillama.com/protocol/swell-liquid-restaking - Met
- Not met
- PartialApplication reachable
Published at a documented URL; automated retrieval blocked at this check.
app.swellnetwork.io/restake - Met
- Met
- Not met
- MetNo account required for the above
Confirmed at this check.
defillama.com/protocol/swell-liquid-restaking
A protocol offering both liquid staking and liquid restaking, holding $24m with published audit reports.
Our assessment
Swell holds $24m with two audits and reports linked, and offers both liquid staking and liquid restaking through the same protocol — letting a user choose their layer rather than committing to the riskier one by default.
Offering both layers is a genuine service
Many protocols present restaking as simply a better-yielding version of staking, which obscures that it carries additional slashing conditions. Offering both side by side makes the choice explicit, and a user who does not want extra exposure can decline it without leaving the protocol.
The choice matters more than the yield gap
The difference in yield between staking and restaking is usually a few percentage points. The difference in risk is between a well-understood, rarely-triggered slashing regime and a set of new services whose conditions have not been tested in production. That is not a marginal decision.
Evidence position
Two audits with linked reports is solid. What holds the score at 6.2 is the transparency and documentation indicators — operator disclosure, parameter documentation and incident history at stable addresses — alongside modest depth at $24m.
Who it suits
Swell fits users who want the staking-or-restaking choice made explicit and value published audits. Users wanting the deepest restaking market should use Kelp or ether.fi.
Frequently asked
Does this score mean Swell Liquid Restaking is safe?
No. It measures what an outsider can verify: linked audits, published methodology and independently recorded market data. Contract risk is not tested by us.
Where do the TVL and audit figures come from?
A public analytics dataset queried at the verification date, plus the audit reports it links. Both are re-runnable by anyone.
Why do some protocols score zero on audits?
Because no audit report is linked in the public record. The indicator records what a user can reach, not a claim that no audit exists.