Swell Halts swETH and rswETH Deposits and Withdrawals
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Swell says it needs to correct net asset value before restoring deposits and withdrawals for swETH and rswETH.
Swell has suspended deposits and withdrawals for swETH and rswETH, according to a report by The Defiant.
The protocol says a correction to net asset value, or NAV, is required before those services can resume.
Onchain restrictions also prevent users from submitting withdrawal requests or claiming ETH. The source summary provides no timeline for reopening.
Source: The Defiant
