Coinbase Rolls Out Trading Support for Brand-New Native Token of Ethereum Layer-2 Restaking Protocol
Coinbase has rolled out trading support for the brand-new native token of an Ethereum (ETH) layer-2 restaking protocol. Customers at the top US crypto exchange can now buy and sell SWELL, which launched on Thursday. SWELL is the governance token for the Swell Decentralized Autonomous Organization (DAO), which manages the development and growth of the restaking protocol. SWELL also secures the project’s layer-2 infrastructure. Explains the project’s whitepaper, “Swell’s mission is to create a more secure, decentralized and transparent financial future for the world that does not discriminate or censor economic freedom. The beginning of that journey for Swell starts with continuing to advance liquid staking as one of the fundamental building blocks of modern-day decentralized finance (DeFi) that is composable and fully integrated with the Ethereum ecosystem.” Coinbase added the “experimental label” to SWELL, which the platform assign...