10 hours ago
Swell lifts withdrawal pause for swETH and rswETH after rate reset
Liquid staking and restaking protocol Swell has lifted the withdrawal pause on swETH and rswETH after completing a rate reset, according to The Defiant. The move reopens withdrawals for the two tokens, while another restriction remains in place. Swell also said it will compensate funds that were deposited at inflated rates within one week. At the same time, the protocol’s direct deposit controls for both swETH and rswETH still show as paused. The update points to a partial restoration of functionality rather than a full return to normal operations, with withdrawals now available but direct deposits not yet reopened.
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