Swell Ethereum (swETH) is a liquid staking token that lets users earn rewards from staking ETH while keeping their funds liquid and usable across DeFi. Unlike traditional staking with long lock-ups, swETH can be traded, borrowed, or lent on various protocols, all while accruing rewards tied to staked ETH. Managed through a secure, non-custodial vault, swETH also offers EigenLayer points and flexible withdrawals after an initial 7-day period, making it a versatile option for maximizing yield within the Ethereum ecosystem.
You can view, swap, send and receive swETH tokens directly from your MEW Wallet. To receive your swETH tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the swETH token information page. You can send your swETH tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your swETH tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.