Swell is poised to become part of the Chainlink BUILD program, gaining access to Chainlink’s technical support and Oracle services.

The announcement was made via Chainlink's official X/Twitter account, highlighting that the integration will enhance the utilization and security of liquid staking. Swell intends to allocate a portion of its native token supply to Chainlink stakers and service providers.

As a non-custodial Ethereum liquid staking platform with a Total Value Locked (TVL) of $700 million, Swell simplifies the staking of Ether and engagement in DeFi strategies in a single platform.

The platform aims to foster a decentralized liquid staking ecosystem, ensuring that no single provider dominates, while preserving Ethereum's censorship resistance and decentralization.

By participating in the BUILD program, Swell stands to gain various benefits, including integration with Chainlink’s CCIP for cross-chain transfers and access to Chainlink PoR for cross-chain reserve verification. Additionally, Swell will benefit from features such as custom computation and off-chain data, smart contract automation, and reliable market data through price feeds.

In an official post, Swell Network emphasized how the integration with BUILD will leverage Chainlink’s reliability and security. Daniel Dizon, Swell's founder, expressed excitement about joining Chainlink’s BUILD program and welcomed the Chainlink community into Swell.

The partnership is expected to significantly boost Swell's adoption of DeFi liquid staking, and both parties are eager to continue working together, anticipating a successful collaboration given the market prominence of the involved entities.