# Swell L2 Migrates To OP Stack *Swell is transitioning away from Polygon CDK and will instead build its Swell L2 restaked rollup on the OP Stack.* By [ETH Daily](https://ethdaily.io) · 2024-10-29 news, 2024, october2024 --- Quick Take ---------- * Swell L2 migrates to OP Stack. * Lido integrates CCIP for direct staking. * Base offers free smart contract monitoring. * Rhinestone Protocol goes live. [ Swell L2 Migrates To OP Stack ----------------------------- Listen to this episode from Ethereum News on Spotify. Swell migrates to build its L2 on the OP Stack. Lido integrates CCIP for Direct Staking. Base offers free smart contract monitoring. And Rhinestone Protocol goes live. Read more: https://ethdaily.io/583 https://spotify.com ![](https://storage.googleapis.com/papyrus_images/e92a7e82c25457ea061f828513bddb9e.jpg) ](https://open.spotify.com/episode/3ZwjY6FzEmIXbkYrSnzKCe?si=sEsL8OqKRwuwLOuHX3teyQ) * * * Swell L2 Migrates To OP Stack ----------------------------- Swell Network [announced](https://www.swellnetwork.io/post/swell-l2-superchain) that it's transitioning away from Polygon CDK and will instead build its Swell L2 restaked rollup on the OP Stack. As part of this move, Swell L2 will join the Superchain, alongside networks like Base, Ink, and Soneium, aligning with Superchain interoperability, governance standards, and shared upgrades. Earlier this month, Swell introduced details of its native SWELL governance token. Although SWELL was initially going to serve as the gas token, the protocol will now use ETH for gas fees to ensure seamless integration with the Superchain. Swell L2 will bring its unique Proof of Restake mechanism. Swell Network has over $1.3 billion in TVL. Lido Integrates CCIP For Direct Staking --------------------------------------- Lido, the largest liquid staking protocol, [integrated](https://blog.lido.fi/lido-staking-goes-cross-chain-via-chainlink-ccip/) Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enabling Direct Staking from any Layer 2 network. The new feature allows users to stake ETH directly from Arbitrum, Base, or Optimism and receive wstETH in a single transaction, simplifying the staking process. Direct Staking leverages CCIP’s Programmable Token Transfers to streamline cross-chain transactions. The implementation either sends ETH and staking instructions to Ethereum mainnet, where wstETH is minted and bridged back to a user’s L2 wallet, or its deposits ETH on L2 and immediately sends wstETH from local liquidity pools to the user, with the deposited ETH later sent to Ethereum mainnet for staking. Base Smart Contract Monitoring ------------------------------ Base is now [providing](https://base.mirror.xyz/dbmJkcsc1RPaWyqn7R5vhVJFRWoy1CvmlXeuUwsfTXk) free access to smart contract monitoring and analytics tools for protocols and apps built on its network. Powered by the Web3 security platform Hexagate, the initiative aims to help developers create secure and reliable protocols. With the tools, developers can monitor transactions, detect bugs, receive real-time alerts, and take action to safeguard user assets. The Base team already uses Hexagate’s solutions to enhance security on Base. Builders on Base can now apply for real-time, ML-based threat monitoring for up to 10 smart contracts. Rhinestone Protocol 1.0 Goes Live --------------------------------- Rhinestone Protocol 1.0, a new interoperability protocol for Modular Smart Accounts, is [now live](https://blog.rhinestone.wtf/rhinestone-protocol-1-0-hits-mainnet-695469dce425) on mainnet. Rhinestone aims to address vendor lock-in, ecosystem fragmentation, and security risks by allowing developers to build Modules that enhance smart accounts. Developers can now use Rhinstone to build, extend, and integrate Modular Smart Accounts across EVM chains. Other News ---------- * Vitalik Buterin: [Part 6 The Splurge](https://vitalik.eth.limo/general/2024/10/29/futures6.html) * Confidential [ERC-20 Framework](https://x.com/BuildOnCircle/status/1850917702497714561)  * Privy [supports](https://x.com/privy_io/status/1851314915178660315) Coinbase Wallet * Bungee Protocol [opens](https://x.com/BungeeExchange/status/1850978138156925207) early access * ZKsync TIP001 goes [onchain](https://x.com/TheZKNation/status/1851341591056970044) * Consensys [cuts](https://x.com/ethereumJoseph/status/1851253503064244707) 20% of staff * Dydx [cuts](https://dydx.exchange/blog/letting-go) 35% of staff * OP FND [grants](https://x.com/Fwiz/status/1851280684473897466) 25m OP to Kraken * SEC chair [should](https://x.com/brian_armstrong/status/1851103674744832334) withdraw all frivolous cases * Talent Protocol [launches](https://x.com/TalentProtocol/status/1851232530218774795) TALENT * Base Fault proofs [tomorrow](https://x.com/davidtsocy/status/1851359920895279515) --- *Originally published on [ETH Daily](https://ethdaily.io/583)*