Introducing earnETH

earnETH delivers the best yield from DeFi and Swell L2.

Simply deposit swETH, rswETH, ETH, or other supported liquid staking tokens, then sit back and relax!
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You will automatically earn both maximum risk-adjusted DeFi yield and a selection of points—without needing to constantly navigate the waves of the DeFi market to find the best opportunities.

How it works

1. Deposit ETH or supported LSTs
   
   
2. Your assets will be deployed in whitelisted DeFi protocols, and will also earn 3x Black Pearls, 3x Nucleus Points, and 1.5x Ecosystem Points representing Swell L2 airdrops.

1. Withdraw at any time subject to a 7 day cooldown period.
   
   
2. When Swell L2 goes live, your assets will be automatically migrated to earn the best source of yield from top DeFi Protocols on Swell L2.

Supported assets

• swETH  (Swell Ether)
• rswETH (Restaked Swell Ether) 
• WETH (Wrapped Ether)
• wstETH (Lido Wrapped Staked ETH)
• pxETH  (Dinero Staked ETH)
• apxETH (Autocompounding Dinero Staked ETH)

Rewards

• DeFi yield from whitelisted protocols including Curve, Morpho, Pendle PTs, and Ion.
• 1.5x Ecosystem Points representing Swell L2 airdrops 
• 3x Nucleus Points
• 3x Black Pearls

Built on Nucleus

Swell’s Ecosystem Earn vaults are built on Nucleus , which is built by the same team behind Ion Protocol, one of the major ecosystem DApps building on Swell L2. The strategy for the vault is provided by Nucleus Earn.

Fees

• Swell Platform fee: 1% annually on AUM
  
• Nucleus Performance fee: 10% of annual vault yield

Assuming a total annual DeFi yield of 5%, the annualized fees would amount to 1.5%, giving you a net APR of 3.5% in addition to underlying staking and restaking yield. Fees are computed and charged daily.

On exit, a small processing fee is paid to the Solver, which is the part of the Nucleus architecture that executes withdrawal on your behalf. This accounts for gas costs and potential slippage.

Depositors who withdraw before the launch of Swell L2 will lose all the Ecosystem Points accrued in the vault.‍

Deposit now

‍ https://app.swellnetwork.io/earn/vaults

FAQ

‍What is earnETH?

earnETH is the receipt token of the vault.

Are the vaults audited?

‍Nucleus is built on the same code as the widely used Seven Seas vault, which is audited by 0xMacro, Spearbit and Pashov .

Which assets can I withdraw into?

‍Any deposit assets.‍

What is the difference between L2 pre-deposits and this vault? 

Swell L2 Pre-Launch depositors earn Ecosystem Points which represent Swell L2 airdrops.

Ecosystem Earn depositors earn Ecosystem Points, in addition to DeFi yield.‍

If I migrate from the L2 Pre-Launch will I lose my Eigenlayer Points bonus?

No, in this case you would keep your EigenLayer Points bonus.

Are Black Pearls earned on all deposits to the vault?

Yes, Black Pearls are earned on all assets deposited to the vault, including non-Swell assets.

Do I need to enter this vault to migrate to the L2 once it launches?

‍When the L2 launches there will be native bridge prepared for L2 Pre-Launch depositors to migrate.

‍Alternatively, you can deposit in Swell Ecosystem Earn vaults to start earning on Swell L2 automatically from day 1.