Propose to support swETH as collateral for TAI. swETH is a recently launched LST by swellnetwork.io
Adding swETH as collateral will will improve collateral diversification of the system, making it more resilient against a single collateral failure. It will increase TAI liquidity and also increase user exposure to TAI, expanding TAI’s audience to swETH holders.
swETH shown expected volatility, commensurate with other existinng TAI LSD collaterals
Swell has a bug bounty up to $100k on Immunifi
Circulating supply= 44,050 swETH = $78M
Very low due to the proliferation of swETH. Not a limiting factor with a reasonable debt ceiling.
|price||swETH has strong price correlation with other LSD collaterals|
|code||beside base layer eth staking, swETH has no known code or contract correlations with other collaterals|
|organizational||swETH has no known organizational correlations with existing LSD providers|
Recommend swETH-A/B with identical parameters as RETH-A/B.