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TVL $7MAPY 3.45%medium riskUpdated Feb 1, 2025

swETH/WETH Convex Deposit

Deposit Curve swETH/WETH LP tokens into Convex for boosted yields on this Swell Network liquid staking pool.

ProtocolConvex
Networkethereum
SymbolCVXSWETH-WETH
CategoryYield Vaults
Underlying Assets
swETHWETHETHCRVCVX
Contract Address0xf1a2b3c4d5e6f7a8b9c0d1e2f3a4b5c6d7e8f9a0

What is swETH/WETH Convex Deposit?

This vault optimizes yields for the Curve swETH/WETH pool through Convex Finance. swETH is Swell Network's liquid staking token, offering a permissionless, non-custodial approach to ETH staking with unique features like white-label node operator integration.

Understanding swETH and Swell Network

Swell's differentiated approach:

  1. Permissionless Operators: Diverse node operator set
  2. rswETH Option: Restaked version for EigenLayer exposure
  3. White-Label Solutions: Enterprise staking partnerships
  4. Pearl Rewards: Swell's incentive and governance program

swETH offers flexibility for both retail and institutional stakers.

How swETH Works

Swell's staking mechanism:

  • Deposit ETH to receive swETH
  • Non-custodial, trustless staking
  • Value accrues through exchange rate appreciation
  • Permissionless validator set

How This Vault Works

  1. Provide swETH and/or WETH to Curve pool
  2. Stake LP tokens in Convex vault
  3. Convex applies veCRV boost
  4. Earn staking yield + CRV + CVX
Yield Sources: ETH staking rewards, Curve trading fees, boosted CRV emissions, CVX incentives.

Fee Structure

Convex standard fees:

  • 16% of CRV rewards
  • No deposit/withdrawal fees

Swell charges competitive fees on staking rewards.

Swell Pearl Points

swETH holders accumulate:

  • Pearl points (SWELL eligibility)
  • Governance participation
  • Protocol incentives

LP positions may capture some of these benefits.

cvxCRV, vlCVX, and Protocol Economics

Convex's yield infrastructure:

  • cvxCRV aggregates veCRV voting power
  • cvxCRV stakers earn protocol fees
  • vlCVX holders vote on gauge weights
  • Sustainable yield for all depositors

Risk Disclosures

Smart Contract Risk: Exposure to Curve, Convex, and Swell contracts. All are audited but carry inherent risks. Operator Risk: Swell's permissionless operator set means varying operator quality. Newer Protocol Risk: Swell has less track record than Lido or Rocket Pool. Depeg Risk: swETH may trade at discount during market stress or protocol concerns. Pearl Token Risk: Pearl/SWELL airdrop depends on protocol decisions and vesting schedules. Restaking Confusion: swETH vs rswETH have different risk profiles. This pool uses swETH (non-restaked). Governance Risk: Swell governance controls protocol parameters.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYDOLA/sUSDe Convex Deposit4.65% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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