What is the SWELL Voyage Airdrop?
2024-10-14
Bittime - What is the SWELL Voyage Airdrop? The SWELL Voyage airdrop was part of a strategic campaign launched by Swell Network, an Ethereum-based non-custodial platform focused on liquid staking.
Through this campaign, Swell managed to significantly increase their Total Value Locked (TVL), reaching over $1.5 billion within just 15 months of launch.
Also read How to Play the SWELL Airdrop: Profitable Opportunities from Ethereum Staking
SWELL Voyage Campaign
“The Voyage” campaign is designed to encourage users to become members of the Swell DAO community, by offering rewards in the form of pearls that can be exchanged for SWELL tokens.
The campaign runs from May 24, 2023 to July 30, 2024 and has several main objectives, such as increasing TVL, encouraging long-term staking, and expanding the Swell ecosystem on various DeFi platforms.
Users can participate by staking Ether (ETH) or Bitcoin (BTC), providing liquidity in the pool, and referring new users to the platform.
Read also This is the SWELL Airdrop Allocation for the Voyage Campaign
How does SWELL Voyage Work?
In the Voyage campaign, users can earn pearls by minting swETH (Ethereum staked on Swell) or swBTC.Pearls can also be earned by providing liquidity on DeFi platforms such as Balancer, Aura, and Maverick.
Each of these activities encourages users to continue participating, increasing the value of liquidity on the Swell network.
In addition, the campaign also utilizes a Referral system, where users who refer their friends to join can earn additional bonuses.
To avoid abuse, Swell applies strict rules to the use of referral links.
Also read Swell Network Airdrop: Eligibility and Profit Potential
Swell Voyage Campaign Impact
At the start of its launch, Swell's TVL stood at just $31K. However, after three months of running, TVL Swell jumped to $80 million.
More significant growth occurred between December 2023 and January 2024, where Swell Network reached over $1 billion TVL.
With innovative features like Play-to-Airdrop, Swell Network has created a dynamic environment for its users.
The campaign attracted a solid community, increased liquidity, and established Swell Network as one of the major players in the liquid staking sector.
Conclusion
The SWELL Voyage airdrop is an exciting opportunity for crypto users to not only participate in the liquid staking ecosystem, but also earn attractive rewards in the form of SWELL tokens.
With an ever-increasing TVL and strong community support, Swell Network looks set to continue growing in the DeF world.
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