Swell plans to participate in the Chainlink BUILD program, gaining access to Chainlink’s technical support and Oracle services. The announcement, posted on Chainlink's official Twitter account, highlights the integration's focus on supporting liquid staking security. Swell will allocate a portion of its native token supply to Chainlink stakers and service providers.

As a non-custodial Ethereum liquid staking platform with $700 million in Total Value Locked (TVL), Swell simplifies staking Ether and engaging in DeFi strategies in one platform. It aims to foster a decentralized liquid-staking ecosystem while preserving Ethereum's censorship resistance and decentralization.

Joining the BUILD program grants Swell various benefits, including integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain transfers and access to Chainlink’s Proof of Reserve (PoR) for cross-chain reserve verification. Other advantages include custom computation and off-chain data functions, smart contract automation, and reliable market data through price feeds. Swell's official post elaborates on how it will leverage the BUILD program for Chainlink's reliability and security.

Daniel Dizon, Swell's founder, expressed excitement about joining Chainlink's BUILD program and emphasized the partnership's potential for advancing DeFi liquid staking adoption. The collaboration is anticipated to be mutually beneficial, and Swell welcomes the Chainlink community into its platform. Given the reputation and stature of both parties, the partnership is expected to be highly impactful.