DeFi· ★★★· bearish·

Swell Pauses swETH and rswETH Deposits and Withdrawals

  • —Swell paused swETH and rswETH operations pending a NAV correction
  • —Onchain controls block withdrawal requests and ETH claims
  • —The protocol gave no timeline for reopening
Why it matters: Frozen withdrawals from Swell's liquid staking products put holders at risk and could erode trust in LST protocols.
#ETH
Source: The Defiant
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