Back to News

Swell Integrates Chainlink Proof of Reserve

Twitter icon  •  Published 2 weeks ago  •  Hassan Maishera

Chainlink announced via X on Tuesday that Swell has integrated Chainlink Proof of Reserve on Ethereum to provide onchain transparency around the reserves of rswETH.

Chainlink announced via X on Tuesday that Swell has integrated Chainlink Proof of Reserve on Ethereum to provide onchain transparency around the reserves of rswETH. Furthermore, Chainlink will support Swell L2, the upcoming Layer 2 for Restaking, with Chainlink CCIP.

Chainlink Proof of Reserve provides a monitoring service for the ETH reserves backing rswETH tokens. In turn, the rswETH Chainlink PoR feed provides Swell’s liquid restakers with increased transparency and confidence in the ETH reserves.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 2% over the past 24 hours and is trading at $17.546 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.