Swell is a non-custodial liquid staking protocol with a mission to deliver the world’s best liquid staking experience and simplify access to DeFi while securing the future of Ethereum. With Swell, users can earn passive income by staking ETH to earn blockchain rewards and in return be provided with a yield-bearing liquid staking token (LST) to hold or participate in the wider DeFi ecosystem to earn additional yield.
Swell has raised a total of $3.8M in funding from investors like Framework Ventures and Mark Cuban. They’ve launched a Voyage campaign in which they’re airdropping a total of 50,000,000 SWELL tokens to users who stake ETH.
Step-by-Step Guide:
Visit the Swell staking page.
Connect your wallet.
Now stake your ETH. You can get ETH from Binance.
You will get Swell’s liquid staking token swETH.
Now you will start earning PEARL points which can be viewed in the Voyage section.
You can also restake swETH on EigenLayer and may become eligible for their speculative airdrop.
You could earn a bonus of 30 Pearls per swETH and earn a bonus of 30 Pearls restaking bonus per swETH deposited on EigenLayer.
Also, provide liquidity to the swETH pools on protocols mentioned in the Voyage section to earn more PEARL points.
Also, earn 10 Pearls for every swETH minted through your referral.
A total of 50,000,000 SWELL tokens will be airdropped after the TGE based on the amount of PEARL points you hold.
For more information regarding the airdrop, see this article.
OVERVIEW
Website: https://www.swellnetwork.io/
Ticker: SWELL
Whitepaper: DOWNLOAD WHITEPAPER
Twitter: https://twitter.com/swellnetworkio
Discord Chat: https://discord.com/invite/swellnetwork
