rswETH is a liquid restaking token built by the Swell Network DAO. rswETH is built on-top of Eigen Layer and enables holders access to both Ethereum Staking Rewards and Eigen layer Restaking Rewards upon it's main net launch.

rswETH serves multiple purposes within the Swell Network ecosystem:

* The underlying ETH is staked into the beacon chain to earn ETH Staking Rewards
* The ETH is then restaked into Eigen Layer where it can be delegated to a curated set of operators who restake the ETH to various AVS's, earning re-staking rewards in return for running the AVS client


## How Many rswETH Tokens Are There in Circulation?

The supply of rswETH increases as new ETH is deposited into the staking contract. rswETH is always backed by ETH staked into the beacon-chain and follows a repricing style of appreciation inline with accrued staking and re-staking rewards.