Swell: The first Bitcoin LRT swBTC has been launched in the Ethereum ecosystem.

according to official sources, Swell has launched the first Bitcoin LRT swBTC in the Ethereum ecosystem to help Bitcoin holders earn yields from EigenLayer and other restaking protocols Symbiotic and Karak.

Users can deposit WBTC to receive swBTC, with earnings expected to start from mid-September. Restaking WBTC can earn 3 times Black Pearl and Symbiotic points.