According to Foresight News, Ethereum staking project Swell has launched a liquidity re-staking token "swBTC". Users can deposit wBTC to earn swBTC to generate income. wBTC is a token pegged to BTC 1:1 and can be used in the Ethereum network.

It is expected that the re-staking income will be distributed from mid-September. Before that, swBTC will receive 3x Black Pearls plus Symbiotic points.