Key Takeaways
- Swell Network is a decentralized finance (DeFi) platform focused on liquid staking.
- Users can stake Ethereum (ETH) and receive liquid staking tokens (LST) in return.
- The project also plans to launch its Ethereum layer-2 chain in the future.
- Their token, $SWELL, is an upcoming cryptocurrency with no current price available.
What Is Swell Network?
Swell Network is a decentralized finance (DeFi) protocol focused on making Ethereum (ETH) staking easier and more accessible. It achieves this through a “liquid staking” process, which lets users earn rewards on their staked ETH while maintaining liquidity.
The project is a non-custodial liquid staking protocol that claims to deliver the world’s best liquid staking experience, simplify access to DeFi, and secure the future of Ethereum.
How To Qualify For An Airdrop?
Swell Network launched its airdrop campaign, “Voyage,” in June 2023. This program offered users a chance to join the Swell DAO by staking ETH and earning rewards in the form of $SWELL tokens.
To qualify:
👉 STEP 1: Head over to Swell Network’s website at https://www.swellnetwork.io/.
👉 STEP 2: Head over to “Stake” and stake your ETH to receive a liquid staking token called swETH.
👉 STEP 3: Now, head over to “Restake” to stake some ETH to receive rswETH, a tokenized version of Ethereum on EigenLayer.
👉 STEP 4: Hope for the best!
Notes:
- Swell Network currently has a time-limited event in which 1 million EigenLayer points will be given away to Swell Layer-2 depositors who deposit within a specific timeframe. Check out Swell Network’s official website to learn more about it.
- You will also earn PEARL points along with EigenLayer points, which can be viewed in the “Voyage” section.
- 50,000,000 $SWELL tokens will be airdropped during the Token Generation Event (TGE) based on the number of PEARL points you hold.
More on airdrops: Airdrop guides · Best airdrop websites · Checks before claiming an airdrop · 7 crypto scams to avoid
