Swell AMA: Maximizing Your ETH Yield Post-Shanghai<a href="https://www.youtube.com/watch?v=tqgsMSuTQ8g" target="_blank" rel="noopener">Source</a>

Foreign [Music] [Music] Foreign And welcome to cointelegraph's AMA dwell I'm Giovanni the YouTube host at Telegraph in our targets we introduce you To fascinating initiatives and ideas that Shape the present and the long term Landscape of web3 of us and the massive Teamwork behind it in order we communicate we're going To talk about regarding the long-awaited Shanghai Upgrade which is supposed to happen Today what we rely on from it and the best way it Will defy and liquid staking in Particular we'd moreover like to hearken to Thoughts uh on the subject from our Audience so please share your concepts In the chat all through our dialog Joining us as we communicate is Daniel Dizon Daniel Is the founding father of swell and ethereum Liquid sticking protocol that has gamer Support from excellent figures like bankless framework and others so Before establishing swell Daniel Successfully launched and exited an web 2 Startup and provided advisory suppliers To authorities on rising Technologies hey Daniel how are you Today I'm doing very properly Um thanks for having me uh it's a Very thrilling time for ethereum and the Broader crypto and it's good

To be chatting uh with cointelegraph Today For sure and sooner than we go any extra With our dialog I want to Remind our viewers acknowledged that's um an Interactive current so please ship your Questions inside the chat and we're gonna Answer them all through the dwell session moreover Be sure to like the video and subscribe To our channel so that you just simply don't miss Our subsequent AMA durations so sooner than we start With a question I want to current our Audience an introduction video about Swell Let's see [Music] Foreign Let's get started first with a bit little bit of Your background so inform us additional about Yourself how you acquire involved with Crypto and uh significantly Um on the subject of ethereum staking and likewise How the situation is on the subject of Blockchain situation the blockchain Landscape in Australia I do that you just simply Are from Australia Yeah sure issue Um so I'm the founder and CEO for swell Which is an ethereum liquid staking Protocol I've been on this space for the Past a variety of years now and initially What drew me to the world was truly the Sort of the philosophical Roots behind Like the distinctive uh crypto pondering

About promoting Freedom self-sovereignty Open and truly presenting a Promise for what would seemingly be uh the of the online and possibly probably the most sort Of logical place for that to be was in The ethereum blockchain Um on the subject of my explicit background Um yeah earlier to swell was an web 2 Founder and likewise provided advisory Services on blockchain digital belongings to Our quite a few authorities companies Um insofar as Australia is fearful Um the blockchain situation in Australia Is consistently evolving nevertheless normally I'd say that the interaction between Industry regulation and protection has been Quite supportive of crypto developments Okay that's that sounds good we everyone knows That as an illustration inside the Lately it's not experiencing the easiest of Its cases I indicate the cryptocurrency Industry so it's good to know that in a Place like Australia the Um the situation is a little bit of bit additional The setting is is nice and it's Supportive Um So yeah merely to remind our viewers Again in case you might have any questions for Daniel merely write inside the chat and we'll Uh we'll positively sort out them Um so talking about swell significantly Your agency so what was the inspiration Behind the rising uh suell which is

A non-custodial eat liquid sticking Protocol and what are one other choices or functionalities That make swell distinctive as compared with completely different Liquid staking Solutions accessible available in the Yeah good question Um so in influence swell Labs Um is a critical contributor to swelldale Which is answerable for rising uh The non-custodial liquid sticking Protocol Um Overall similar to the inspiration is admittedly About making an attempt to achieve a particular Mission Um and our mission is to ship the World's most interesting liquid staking experience Simplify entry to D5 and likewise attempt To secure or help secure the best way ahead for Ethereum Um and truly what we're making an attempt to assemble Here is a compelling method for folk to Liquid stake their wreath Um I imagine what makes swell fully completely different Um and a larger proposition for folk Looking to stake their reef is that we Really prioritize the Simplicity and Ease of use Um for our dap Um we've had plenty of constructive recommendations On our UI and the overall staking Experience The second issue that we do that I imagine Is fully completely different and better is the reality that

We truly push for accessibility to defy Uh for the widespread individual so by the use of our In-app native vaults of us can entry The D5 strategies in-house And in influence create a One-Stop retailer Which is moderately extra useful for the User and ultimately I imagine the issue that Makes us form of fully completely different is that we Present one different completely different reply That I imagine is significant for people who Are in search of to stake uh given the Current form of uh aggressive Distribution in ethereum is taking at The second that there does must be More uh rivals and innovation in The space normally And so let's talk about a little bit of bit regarding the Shanghai enhance which is the most definitely The important event in ethereum in 2023 we Saw closing 12 months there was the merge in um In the Autumn uh the Shanghai enhance is Like the uh second part of the merge Which will make ethereum completely proof of Stake uh system so how do you rely on the Upgrade the Shanghai enhance to affect The ethereum ecosystem and its gas costs What new alternate options may come up for D5 Integrations and the best way will it Influence the liquidity and shopping for and promoting Dynamics of staking related belongings in The outlined Market Yeah sure I imagine uh whole Um The Shanghai cappella enhance isn't that

Positive for ethereum in influence what It's doing is decreasing the perceived and Actual menace spherical points like liquidity Things like experience provide spherical Staking youth Um inside the fast time interval we'd rely on to See some flux with some cell pressure Although Um that that is that that form of stands To be uh pretty minimal uh inside the grand Scheme Things and so I'm personally pretty Optimistic about Um ethereum and significantly uh the Stake enterprise to develop materially Um due to this Um you talked about gas costs on the subject of Gas costs Um we'd rely on to see a bit little bit of a Spiking train Um following the enhance and The corresponding rise in costs nevertheless over The medium time interval we're going to See more and more extra upgrades on the Ethereum roadmap which might in influence Reduce gas costs and we're seeing additional uh Innovation and train occurring on Layer 2 scaling Solutions which with an Effect help to unravel for the gas prices Um on the first chain Um and so going once more to the core of sort Of efficiency enablement for uh Shanghai it's truly regarding the Withdrawals so in influence what's occurred

Is The menace spherical staking is efficiently Reduced and the rewards efficiently says Stay the equivalent so what you should have Um due to it is a rather a lot higher form of Risk reward profile Um and additional staking participation to Come by the use of due to this Um after which on the subject of D5 what we're Going to see is called a Cambridge Explosion uh that is going to be powered By the liquid staking tokens which are In influence receipt Um collateral for the exact Um Um stake enamel on the ethereum Blockchain and we're starting to see This materialize Um all through the ecosystem on crypto Twitter and the like with Trending narratives and hashtags like Lsd5 And then on the subject of the exact Um Uh affect on on the ecosystem at big We'll we'll see higher liquidity Provisioning um there'll be additional and More Dex Innovation to truly drive that Liquidity for the lsts and whole Um I'd rely on to see an enhanced uh sort Of shopping for and promoting experience for patrons and additional And additional adoption of LLCs in quite a few uh Protocols which is perhaps composably

Um in interacting with the lsts Mm-hmm Yeah plainly your your outlook is Sort of matching what I what I was Discussing with completely different consultants not prolonged Ago regarding the closing results of the Shanghai enhance so Um as we acknowledged the low cost of this menace Reward profile which might convey additional Capital into the ecosystem is one factor That I I moreover heard from completely different consultants So yeah plainly it's uh it's a Very bullish event for For the best way ahead for ethereum significantly Long time interval and now discussing the Relationship between the Shanghai Upgrade and swell so What potential benefits and Does the Shanghai enhance pose for swell And do you anticipate any modifications inside the User experience of your product Yeah sure so I imagine Shanghai presents Several benefits to as correctly Um the primary ones are the Fact that there's going to be higher Confidence inside the ethereum ecosystem Um we're going to efficiently have the Withdrawals lastly enabled and In outcomes of plenty of the unfavorable Sentiment spherical ethereum not being able To function withdrawals on the native Level we'll even have the following staking Participation payment due to this and Overall we'll see this particular event

As being a catalyst for liquid staking Protocols like swell and we'll look to Grow our share of Market inside this Within the liquid staking sector which In and of itself is proving out To be the popular sort of parents to Stake their eth Um normally speaking the challenges are Uh are are form of challenges that may Impact Um all liquids taking protocols um Really the the primary drawback shall be About Um form of managing uh the next Um ShakeOut and the Um form of the the effectivity spherical Withdrawals and cues and getting a a Sense of how that may play out Um after which making an attempt to uh work collectively and Provide the easiest Best in Class individual Experience spherical uh withdrawals and Timing for withdrawals Um and so for us as correctly it's going to probably be About prioritizing Um that on our roadmap to permit Um the unstaking perform following um Shanghai and and completely different priorities uh Within our roadmap Mm-hmm Um cool and now Um I was merely questioning referring to the Potential Um collateral outcomes of this of this Event

Um so how do you intend to to cope with the Potential fluctuation in stake in Awards And token prices after the enhance and How will you sort out the potential uh For entrance working and various kinds of Manipulations which can happen for Following the enhance Yeah so so normally we'd rely on this There to be like a minimal Um fluctuation in staking rewards um Overall Um and on the token pricing side Um the place we rely on to see some You know upward worth movement um inside the Medium to future Um with Um uh Shanghai being completely carried out Um so whole that that's pretty constructive For the protocol Um on the subject of entrance working and completely different Forms of uh Um we as correctly adhere to most interesting observe on This entrance Um the place there are a selection of Measures that we make use of Um these embrace establishing And actively managing liquidity on on Dexes and amms Implementing Technologies resembling flash Flashbots with our node operator Partners along with uh utilizing and Working rigorously with just a few of the Leadings cyber corporations that Specialize in good contract and these

Sorts of vulnerabilities all through the Overall protocol construction Um and um positive whole we're Quite assured that we'll be succesful to Provide a a really affordable open and Transparent individual experience for for our Mm-hmm yeah and everyone knows that individual Experience is an important facet That defy ought to actually focus on if it Wants to truly alternate the conventional Financial system as everyone knows it uh nevertheless Also an very important facet it's is Security so everyone knows that defy closing 12 months Was subject to a variety of Um exploits and so plenty of folks may Be uh fascinating realizing the extent of Security that your skilled your product is Providing so can you elaborate on the Security measures and menace mitigation Strategies that as correctly implements to Ensure the safety of consumers belongings Yeah it's a perfect question Um so Sort of philosophically and by Design Our major priority is the Safety And Security of consumers funds Um you might even see this in in our Design choices swelling is completely Non-custodial and so what that means is The individual's belongings are efficiently their Own we have no administration over it so that Provides higher Assurance spherical The core concepts of self-custoding

One's belongings Um together with that we're audited by Leading cyber security corporations that uh are Effectively Best in Class inside the sector Additionally to that we'll be opening up A bug bounty on our open provide good Contracts ultimately that may serve As an additional mitigation mechanism On excessive of that there are completely different menace Management measures that we're Employing at Swell along with our Selection course of and administration course of For our node operator Partners plenty of Whom are institutional and have been the Space often because the Inception of the Beacon chain and staking actually Went dwell along with our staking pool Design and and a whole host of various Measures nevertheless whole Safety and Security Is half and parcel of of what we're Building Okay good Um yeah sooner than we switch on to the next Question I merely want to remind as soon as extra our Audience that Daniel is open to Answering any questions that you have Concerning the functioning of swell nevertheless Also normally regarding the um the Shanghai enhance and what that means For the best way ahead for ethereum Um so please don't hesitate to place in writing Your questions inside the chat Um so transferring forward I want to Talk a little bit of bit regarding the Garner

Governance and the neighborhood in your in Your product so what perform do governance And Community involvement play inside the Development and decision-making course of For your protocol and what initiatives Or packages do you should have for the swell Community Sure whole from a governance Perspective along with implementing a Path of progressive decentralization in The protocol Um we're pretty early in that stage nevertheless We are devoted to progressively Decentralizing Ultimately the the Dow want to be Fully Community owned and directed and The terminal state shall be one factor That's completely ossified and uh You know options Um like a Dell must function Um to this point on the subject of the neighborhood side Of points we're very fortunate to have a Very Ardent neighborhood of swell Supporters or equinoxes they're Affectionately often known as Um which have been pretty pivotal in Helping to drive consciousness for our Protocol and the numerous Um form of updates that we're pushing Out to the neighborhood to let of us know About as correctly and and our uh Soon to come back again mainnet launch on the subject of Initiatives we have a variety of in place at The second along with Ambassador packages

And we've simply recently moreover launched uh an Ecosystem Council which we're forming Together Um so encourage of us to truly merely Join our Discord and adjust to us on on Twitter for for the entire form of Breakdown on how one can grow to be concerned as Well nevertheless uh nevertheless yeah we're at Dallas We're very open to having of us leap in The neighborhood and and contribute Okay so merely to make sure I understand Correctly Um is the governance of swell already Um Led by a Dao or it's just like the place you is perhaps Going at current nevertheless yeah it's like an Ongoing course of Yeah it's an ongoing course of Um it's a technique of Progressive decentralization Um over time we'd desire to see More and additional Um uh very important recommendations from the Community nevertheless initially as soon as we're Designing swell there should be pretty An opinionated Um set of design choices that we've got to Make and eventually we'll hand over Ownership and Direction Um over to the neighborhood Um in time nevertheless we've tried to be a Dell Uh from day one with these sorts of Constraints in ideas Mm-hmm

Okay sounds good and uh now I'd Like to debate a little bit of bit how swell Is interacting with the other D5 Protocols so everyone knows that uh Um composability and interaction amongst Different protocols is one different very Important perform of of the defy Ecosystem so for individuals who can inform us a little bit of Bit additional on how swell work along with Other D5 protocols and what kind of Partnerships or collaborations you should have Established to spice up the utility and Reach of your protocol and likewise how do You see the lsdf FI space evolving Yeah so along with core product is to Provide liquid staking and we do that Through our liquid staking receipt token Which is swell eat or sweethe uh in Effect what Swift is is admittedly designed To perform uh a receipt for uh the State thief on the ethereum blockchain Um so in finance phrases what it is is Re-hypothecated collateral which can be Utilized uh all through all of the spectrum Of D5 rather a lot within the equivalent method that eth can Um so the Partnerships and Collaborations on account of that Design is form of broad Um which is sweet Um so the Partnerships and Collaborations that we're focusing and Prioritizing embrace Um the centralized exchanges the Liquidity

Um uh swimming swimming pools boosted yield merchandise Options derivatives Collateralized deposition protocols Borrow lend protocols moreover Layer Two Um scaling Solutions wallets exchanges And and a whole host of various Um bits and gadgets of of D5 and layers Around it In phrases of LSD Phi Um I'd rely on that to truly take Off following Shanghai we're starting to See more and more extra uh avid gamers coming into The space inside liquid staking Um normally and likewise in these protocols Which are uh establishing off the very best of Liquid staking tokens like like Synthetics and listed merchandise as correctly And what we'll see proper right here is solely Continual Innovation and additional growth in The sector powered by the lsts or lsds Mm-hmm Okay And uh so that you just talked about your native Token uh the so the Swiss native token Um as you acknowledged that's this as Sort of a receipt that prospects can get in Exchange for his or her sake eth so can you Discuss a little bit of bit the tokenomics of Your platform Um uh significantly the native token Swift and the best way it is used for Incentivizing participation and the Secure and securing the protocol itself Yeah sure

So Swiss is efficiently Um as you talked about our liquid saving Receipt token and so when of us stake Ether swell they mechanically receive And sweet of their pockets Um on the subject of our like a standard Native governance token Um our current standing on that is that We're nonetheless pre-token nevertheless we might have a Token coming dwell inside the coming months And we have to company up what that Tokonomics technique is we're calling it And shall be efficiently doing a survey And evaluation Um uh deep dive into what works and what Doesn't work inside tokenomics and some Of the criticisms that completely different protocols Have had spherical Their their token along with points like Governance utility incentive and Disincentive and or a whole host of Things Um so yeah there'll be additional information Coming on that ultimately Mm-hmm Yeah and uh now I want to know More about your plans for the next Future so Um actually the Shanghai enhance is Taking place as we communicate and we're gonna see How that's gonna play out uh inside the Next days weeks and months Um nevertheless first nevertheless I want to know From you so how do you intend to measure

The success of your liquid staking Protocol as compared with completely different rivals As correctly and what are the vital factor Milestones That you intention to achieve inside the following Months and years like some form of freeway Map So I imagine lastly the success of Swell is admittedly based on the recommendations And adoption that we get from the Ecosystem Uh firstly starting with the stakers and Then completely different protocols and the like From a uh from a a measurement Standpoint it's the standard main Metrics resembling tvl the growth Rate thereof along with the uh driving As rather a lot liquidity and Integrations as we Can Um to our liquid part token suite and Overall what we're making an attempt to do is convey As rather a lot utility as doable we're making an attempt To make it as accessible as doable and Also as liquid as doable after which so In phrases of explicit Milestones over the Coming months and years it's about you Know attending to mainnet driving as rather a lot Of these Integrations as doable Driving accessibility by the use of layer twos And then making sure that we're Appropriately interfacing with out then Soon to be launched as correctly Governor Sogan to supply as rather a lot utility and in Governance Um spherical that after which to consistently

Push for more and more extra uh form of Innovation inside the space and Um yeah proceed to develop and and truly Drive it as a neighborhood effort Yeah that's thrilling I indicate all of the issues That you inform that you just simply instructed us may be Gonna happen together with the Development of ethereum itself so Ethereum is gonna bear additional Upgrades inside the coming months and years And the roadmap uh continues to be prolonged But Of course the Shanghai enhance was was a Major is a critical event Um so yeah Um Daniel Um I imagine that we'd wrap up proper right here The AMA so sooner than we finish the the Conversation I want to truly Thank our explicit customer Daniel for Joining us and sharing uh your valuable on the ethereum liquid staking The Shanghai enhance penalties and The development of the Divine ecosystem so Your expertise has been enlightening and I'll actually be useful and it will Surely be useful to our extraordinarily Experienced crypto viewers so sooner than we Sign off I'm positive our listeners would Be to know how they get into How can get in they'll get in touch With you Um or collectively together with your group in the event that they've any Questions so may you please inform us

The most interesting approach to affix with the swell Team and your neighborhood Yeah the most effective methods would merely be to Follow us on Twitter and likewise be part of Um our Discord Um so yeah for individuals who for individuals who merely Google you Know spell Network Um you'll uncover it Um and yeah we're always so joyful to Um have a chat and um we welcome as many People as doable into our neighborhood Awesome thanks Daniel so I want to moreover Thank our listeners for tuning in and Participating inside the dialog so if You found as we communicate's dialogue fascinating And you want to see additional of these amas Please make sure that to subscribe to our Channel and put a like on the video so That you may receive the updates about The following Mas you can discover us on Twitter telegram Instagram and naturally YouTube in order quickly as as soon as extra thanks thank You for listening I'm Giovanni host We'll see you inside the subsequent video [Music] [Music] Thank you Foreign [Music]