Swell
TEMPEREDLiquid Restaking · Ethereum · $1B+ TVL · 10 contracts
Confidence 65%Z-Factor 0.70Updated 2026-05-17Public Score
Public risk assessment — scores are produced with the same methodology as monitored protocols
732
BRI Score
3004756508251000
Security Profile
Access Control
72
72
Economic Soundness
70
70
Oracle Integrity
72
72
Compositional Risk
60
60
Governance
52
52
Maturity
52
52
Resilience
50
50
Supply Chain
75
75
Op Security
46
46
Cascade Exposure
89
89
Access Ctrl
72
72
Economic
70
70
Oracle
72
72
Compos.
60
60
Govern.
52
52
Maturity
52
52
Resilience
50
50
Supply Ch.
75
75
OpSec
46
46
Cascade
89
89
Min
46
Avg
64
Max
89
Audit History
Sigma Prime
2023-10
Mixbytes
2023-12
Bug Bounty Program
$250,000
Max payout on Immunefi
Assessment
Liquid staking/restaking protocol (28 months for swETH). D5 moderate (52) for early governance. D6 moderate (52) for growing maturity. EigenLayer restaking dependency adds compositional risk (D4=60). Dual-product model increases surface area.
Dimension Breakdown
How scores work →Access Control
Weight 18%70% conf
72
arrow_forwardGood
+18Admin controls staking parameters
+18swETH/rswETH minting permissionless
+18Restaking module with EigenLayer integration
+18Node operator whitelist
receipt_longView provenance chainarrow_forward
Economic Soundness
Weight 13%68% conf
70
arrow_forwardGood
+23Liquid staking derivative (swETH) with restaking option (rswETH)
-30EigenLayer restaking adds yield but also risk
+23Withdrawal mechanism functional
+23Dual-product economics (staking + restaking)
receipt_longView provenance chainarrow_forward
Oracle Integrity
Weight 13%68% conf
72
arrow_forwardGood
+18Internal oracle for swETH/rswETH exchange rates
+18Chainlink feeds for external pricing
+18Rate update bounded by sanity checks
+18Standard oracle integration
receipt_longView provenance chainarrow_forward
Battle-Tested Maturity
Weight 12%60% conf
52
arrow_forwardConcerning
+13swETH live since early 2023 (~28 months)
+13rswETH restaking newer (~18 months)
+13Moderate production history
+13Z-factor: 0.824
receipt_longView provenance chainarrow_forward
Governance & Upgradeability
Weight 10%60% conf
52
arrow_forwardConcerning
+17SWELL token governance, still early
+17Admin controls key parameters
+17Governance decentralization in progress
receipt_longView provenance chainarrow_forward
Adversarial Resiliencelock
Weight 10%30% conf
50
Concerning
- Maximum resilience under independent adversarial testing
- Comprehensive security coverage across all attack surfaces
- Active bounty program incentivizes continuous scrutiny
- No validated adversarial findings — score set to neutral baseline
Operational Security
Weight 10%35% conf
46
arrow_forwardConcerning
-8No branch protection detected
-8No CI/CD pipeline detected
-8Minimal development activity (0 commits/month)
-8Incident response time not available (using commit frequency proxy)
receipt_longView provenance chainarrow_forward
Compositional Risk
Weight 5%65% conf
60
arrow_forwardModerate
+20swETH/rswETH integration across DeFi
+20EigenLayer restaking dependency
-40Multiple yield strategies compound risk
+20Moderate composition surface expanding with restaking
receipt_longView provenance chainarrow_forward
Cascade Exposure
Weight 5%60% conf
89
arrow_forwardStrong
+30Appears in 2 cross-protocol cascade chain(s)
+30Member of 4 dependency cluster(s)
-11Score: 89/100 (higher = more isolated from systemic risk)
+30Source: cross_protocol_composition.json dependency analysis
receipt_longView provenance chainarrow_forward
Supply Chain
Weight 4%70% conf
75
arrow_forwardGood
+19Standard Solidity with OpenZeppelin
+19EigenLayer SDK integration
+19Modern compiler versions
+19Standard dependency management
receipt_longView provenance chainarrow_forward
Risk Drivers
Primary risk factors driving this score, ordered by severity.
Operational Security46
Adversarial Resilience50
Governance & Upgradeability52
Adversarial Risk Signals
Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.
Disclosure HistoryNot Assessed
Remediation VelocityNot Assessed
Bug Bounty ProgramNot Assessed
Audit CoverageNot Assessed
Incident HistoryNot Assessed
Score History & Verification
Score provenance tracking begins with the next reassessment.
On-Chain Data
- Protocol Slug
- "swell"
- Oracle
- BRORegistry (Base)
- Evidence
- IPFS (pinned)
- Staleness Threshold
- 24 hours
Read Score
registry.getScore("swell")Reduce exploitable risk
BlackHart Monitoring provides continuous adversarial analysis, vulnerability detection, remediation support, and verified reassessment when your risk posture improves.