Liquid Restaking Protocol Swell Drop OP Stack Polygon CDK

Liquid resaking protocol Swell has introduced that Layer 2 will transfer to the Optimism superchain.

Sewell mentioned that as a part of this strategic transition, they are going to be transferring away from the Polygon Chain Growth Package (CDK).

Swell layer 2 transition

In line with an official weblog publish, Swell plans to supply superchains with re-staking yields and safety features, using a proof-of-risk mannequin to enhance the capital effectivity of staked property and set up a progress help mechanism. He plans to take action.

To adjust to Superchain necessities, Swell Layer 2 will introduce modifications akin to utilizing ETH as a rollup gasoline token and directing a portion of Sequencer income to Optimism Collective.

in statementSwell founder Daniel Dizon mentioned:

“Superchains are dwelling to a few of DeFi’s largest success tales, with 4 of the highest 5 chains leveraging Optimism’s OP stack. We’re excited to construct on our shared imaginative and prescient for scaling and make Swell L2 the house for all of Superchain’s restaking exercise.”

With the newest improvement, Swell joins a rising record of distinguished gamers within the cryptocurrency trade, together with main exchanges like Coinbase, by integrating with Optimism Superchain via the OP Stack framework.

Lately, Kraken introduced Ink, its personal layer 2 community constructed on prime of the OP stack to be a part of Superchain. Different notable firms already utilizing OP Stack embody Uniswap, a number one decentralized change, and Sony, a worldwide electronics chief.

Swell beforehand introduced plans to create zkEVM for Layer 2 networks utilizing Polygon’s CDK, which is supported by AltLayer. Nonetheless, the choice to leverage Optimism’s OP Stack as a substitute of Polygon’s CDK has not but been disclosed. Regardless of this, Sewell mentioned he “continues to consider within the collective ecosystem that Polygon is constructing.”

in the meantime, data DefiLlama reveals that Swell’s merchandise collectively maintain a complete worth of greater than $1.35 billion.

Polygon Chain Growth Package (CDK)

Polygon Labs launched its open supply framework, Polygon Chain Growth Package (CDK), within the third quarter of 2023. It was designed to allow ZK Layer 2 startup and help EVM Layer 1 to Layer 2 migration. Polygon CDK focuses on customization and zero-knowledge (ZK) expertise, and in the end goals to streamline connectivity between CDK-based chains and AggLayer.

A number of well-liked initiatives akin to OKX, Ronin, Immutable, Moonveil, Fox, Witness Chain, Silicon, Manta, Hypr Community, Flipkart, Libre, Arianee, Gnosis Pay, Ton Functions Chain (TAC), and WireX are utilizing CDK-based chains. Introduced. .