#2 - Add swETH as collateral to mint peUSD

Swell Network Overview:

• A liquid staking protocol on Ethereum, launched in May 2023.
• swETH, their Liquid Staking Token, holds over 48K ETH.
• $77M Total Value Locked (TVL) with liquidity spread across Balancer, Maverick, and UniswapV3.

Benefits to Lybra:

• Diversification: Adding swETH can diversify Lybra's collateral, enhancing resilience to market changes.
• Growth Potential: swETH's $77M TVL can boost Lybra's market position.
• Enhanced User Experience: Liquid staking rewards from swETH offer passive income avenues for Lybra users.
• Strategic Partnership: Potential for collaborative initiatives with Swell Network.
• Brand Enhancement: Collaboration with a rapidly growing protocol boosts Lybra's market presence.
• Community Engagement: Access to Swell's active community for increased user engagement.
• Security: Swell's robust security measures, including Sigma prime audits, ensure asset safety.

Token and Yield:

• swETH is non-rebasing, accruing value from staking rewards.
• Security audits conducted by Sigma prime.
• Validator performance details available on Swell's rated network page.
• 8 Node Operators active on Swell Network.

Oracles and Fees:

• Tellor price feed backup to the primary Redstone price feed.
• 10% fee on ETH staking rewards split between Swell and Node Operations.

Market and Tech Risks:

• Depegs: Temporary value deviations from the actual value.
• Liquidations: Triggered when collateral value drops below a threshold.
• Redemptions: swETH redeemable for ETH in 2024 via primary market withdrawals.
• Contract Vulnerabilities: Despite audits, there's potential for undetected vulnerabilities.
• Oracle Issues: Price oracle problems could cause wrongful liquidations.

For more details, visit Swell's website or their documentation.

Full proposal can be found here: https://docs.google.com/document/d/1LejfSlts_TrI8DaH603pRaeIRdjL-qNPeHEp45b4xkU/edit