Kiln joins Swell Network’s first node operator cohort

Kiln joins Swell Network’s first node operator cohort

We are excited to announce that Kiln is now part of Swell Network’s inaugural cohort of node operators! As a key member of this group, Kiln is helping to bring the benefits of Swell Network’s ETH liquid staking protocol to a broader audience. 

With Kiln on board, Swell Network users can look forward to staking reward optimization and access to new opportunities in the rapidly evolving world of decentralized finance.

What is Swell Network?

Swell Network is a non-custodial ETH liquid staking protocol that helps to optimize staking rewards and DeFi yields. Unlike traditional native staking solutions, Swell Network allows users to stake their ETH without the need to lock in their funds. This provides them with greater flexibility, and the opportunity to earn additional yield from DeFi protocols.

Swell Network prioritizes the interests of its users by distributing 95% of the rewards earned back to swETH stakers. This ensures that users who stake their assets with Swell Network can benefit from a substantial portion of the rewards generated by the protocol, maximizing their overall returns and improving capital efficiency.

Besides this, the Swell Network ecosystem offers a variety of features designed to optimize users’ DeFi yields. These include Swell Vaults, which enable users to lend and borrow swETH, as well as liquidity providing options that allow users to earn additional yields from their staked assets.

swETH to increase staking participation and bring more diversity in the liquid-staking space

By removing the 32 ETH entry threshold to staking, as well as reducing technical complexity, swETH will increase ETH staking participation and overall security and decentralization. ETH owners with less than 32 ETH can now contribute to Ethereum’s security and earn staking rewards at the same time.

swETH will also bring more diversity to the liquid staking space by allowing users to spread their assets between several protocols as well as to native staking. The token will also benefit from deep integration into DeFi apps.

‘We are excited to support Swell Network as a node operator. By simplifying liquid staking, Swell Network will help ETH holders secure the network and access staking rewards by just holding swETH in their wallets, while diversifying liquid staking offerings.’  — Ernest Oppetit, Co-founder and CPO at Kiln

Why did Swell Network choose Kiln?

In addition to being the enterprise-grade staking leader within the European market, Kiln is deeply involved in the liquid staking space and has a solid track record in this respect. Kiln has been one Lido’s top node operator in terms of its volume and performance since early 2021.

As part of Swell Network’s first permissioned set of node operators, Kiln plays a vital role in securing the network and processing transactions. This collaboration strengthens the Swell Network’s ecosystem by adding another trusted operator to ensure the network’s stability and security.

‘Swell is pleased to partner with institutional node operators such as Kiln who deliver best-in-class Ethereum validator management at scale. With this collaboration in place, we look forward to shaking up the Ethereum liquid staking industry as we launch to mainnet.’  —  Daniel Dizon, Founder at Swell Labs

About Swell

Swell is liquid staking made simple - our mission is to deliver the world’s best liquid staking experience, simplify access to DeFi, and secure the future of Ethereum. Please visit their website to learn more.

About Kiln

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management.

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