Swell has reopened withdrawals at reset exchange rates while keeping direct deposits paused. The $swETH and $rswETH exchange rates have declined approximately 5.8% and 4.8%, respectively, from previously inflated levels.
The protocol stated that affected depositors will receive compensation within one week. Direct deposits remain suspended as Swell works through the rate adjustment process.
Swell Reopens Withdrawals at Reset Rates; Deposits Remain Paused
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
