# Swirl

> Track Swirl with daily standardized on-chain data. Compare Swirl with other liquid staking projects. See charts, financial statements and datasets in one place.

Source: [Swirl on Token Terminal](https://tokenterminal.com/explorer/projects/swirlstake). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Liquid staking

## About

### What it is

The project provides liquid staking services that allow IOTA token holders to earn staking rewards while maintaining liquidity of their assets. Swirl enables users to participate in IOTA network validation and earn yields without locking up their tokens, offering a more flexible alternative to traditional staking mechanisms.

### Who uses it

Swirl is a decentralized finance protocol specializing in liquid staking solutions for the IOTA ecosystem.

### How it works

Swirl operates through a liquid staking protocol that issues derivative tokens representing staked IOTA, allowing users to trade or use these tokens in other DeFi applications while still earning staking rewards. The platform likely employs smart contracts to manage the staking process, validator selection, and reward distribution, generating revenue through staking fees and protocol commissions.

## Links

- [twitter](https://x.com/swirlstake)
- [website](https://swirlstake.com/app/)