How to get Swell Network airdrop:
The Swell Network provides a unique opportunity for users to earn rewards and contribute to its expanding ecosystem. By following the steps in this guide, you can start earning pearls and preparing for the upcoming $SWELL airdrop.
What is Swell?
Swell is a non-custodial liquid staking protocol dedicated to provide the best liquid staking experience possible, simplifying access to DeFi, and securing Ethereum’s future. Swell allows users to earn passive income by staking ETH for blockchain rewards and receiving a yield-bearing liquid staking token (LST) to hold or engage in the larger DeFi ecosystem to earn more yield.
With more than $1.3 billion in TVL as of May 2024, Swell is one of the largest Ethereum liquid restaking protocols in the quickly growing LRT market. One of the fastest-growing LRTs on the market is rswETH, and Swell’s swETH is already the second-largest restaked LST on EigenLayer. Swell, which has more than 100,000 users, is also developing the L2 for restaking by utilizing AltLayer’s restaked rollups, which are all built on top of the Polygon zkEVM stack. Framework, IOSG, Maven 11, and other frameworks support Swell.
About EigenLabs
Eigenlabs is the research organization responsible for EigenDA’s development. EigenLabs, founded by Sreeram Kannan, has investors including Blockchain Capital, Polychain Capital, Ethereal Ventures, and others.
Step-by-step guide on how to get Swell Network Airdrop
What are Pearls?
Pearls are a form of reward on the Swell Network, which will later be converted into $SWELL tokens at the TGE.
How To Earn Pearls
- Staking ETH for $swETH: Earn 30 pearls for each ETH staked.
- Restaking $swETH on EigenLayer yields an additional 30 pearls per ETH.
- Referral Program: Earn ten pearls for every ETH staked by a referred user.
Steps to Earn Pearls
—> Use our Link and Gain extra 10 Pearls!<—
- Open and Connect Wallet: Navigate to the Swell Network wallet interface and connect your wallet. Once your wallet is connected, simply input the amount of ETH that you would like to stake. There is no minimum amount. But staking very small amounts may be uneconomical due to Ethereum gas fees.
- Stake your ETH to receive $swETH. It is worth noting that unstaking is now unavailable.
- Restake on EigenLayer: Go to the “Restake” section and deposit your $swETH. This process gives you 60 pearls, plus an extra ten for utilizing our link.
Become a Voyager – Stake and LP in Five Simple Steps
Hold SWETH and earn rewards
From here, you can earn staking rewards simply by holding swETH.
SwETH is a reward-bearing token, thus your balance will not change as you earn prizes. Instead, the swETH:ETH conversion rate will adjust to reflect the increasing value of your swETH.
You can exchange your swETH for ETH by trading on any of the liquidity pools that offer it.
Deposit swETH into liquidity pools for additional yield
Swell will soon release built-in vaults that allow you to maximize your profits by automatically staking and deploying SWETH to DeFi with one click.
Until then, you can manually maximize your potential yield by depositing swETH into liquidity pools via Balancer, Maverick, or other integrated protocols.
Read more about Voyager mission 👉 in this article
For more information about Swell Network and its features, such as EigenLayer Pearls, see their official posts and documentation, which cover these topics in depth.
Stay tuned, and don’t forget to check out our big list of the hottest crypto airdrops.
