How to Play SWELL Airdrop: Profitable Opportunities from Staking Ethereum

Bittime - Airdrop Swell becomes some of the airdrops that is being widely discussed by crypto fans. This airdrop offers participating users the opportunity to earn SWELL tokens. 

However, how do you play the SWELL airdrop and get profits from this airdrop? Check out this article to find out how!

What is Swell?

Swell is a non-custodial liquid staking protocol designed to provide the best staking experience in the world, especially in the Ethereum ecosystem. With Swell, users can earn passive income by staking ETH (Ether) to get rewards from the Ethereum blockchain. 

In exchange, users will receive liquid staking tokens (LST), which not only provide staking rewards, but can also be used in the decentralized finance (DeFi) ecosystem to earn additional yields.

Swell's main advantage lies in its ability to simplify access to DeFi (Decentralized Finance). This platform also maintains Ethereum's security for the future. 

This protocol has received financial support of IDR 59.28 billion ($3.8 million) from various investors, including Framework Ventures and Mark Cuban, which shows the huge potential of this project.

Also read: If a Bull Market Doesn't Happen in 14 Days, Will Bitcoin Prices Continue to Fall?

How to Get Pearls in Swell

Apart from the opportunity to take part in the airdrop, Swell also offers a prize system in the form of "Pearls". 

These pearls can be collected by users through the program The Voyage, which involves providing liquidity on platforms such as Balancer, Uniswap, and Pendle, as well as restaking ETH on Swell. 

Later, the collected Pearls can be exchanged for SWELL tokens at the Token Generation Event (TGE). To get Pearls, here are the steps you can follow:

1. Open and Connect Wallet: 

Navigate to the Swell Network wallet interface and connect your crypto wallet. Once connected, enter the amount of ETH you want to stake. 

While there is no minimum amount required, it is worth noting that staking very small amounts may not be economical due to Ethereum's high gas fees.

2. Stake your ETH to get swETH: 

After staking ETH, you will receive swETH tokens, which are a liquid representation of the ETH you staked. This token provides staking benefits and can be used further in the DeFi ecosystem.

3. Restake on EigenLayer: 

After receiving swETH, you can restake it on EigenLayer via the "Restake" menu to get additional rewards. Every time you restake, you will get 60 Pearls. The more Pearls you collect, the more SWELL tokens you can claim later.

How to Play Airdrop Swell

The Swell airdrop is a great opportunity for crypto fans to get SWELL tokens for free. With an allocation of 850 million SWELL tokens for this airdrop, eligible users can claim their tokens in a few easy steps. 

Here is a step by step guide to participate in the Swell airdrop:

1. Visit the Swell Airdrop Page: The first step to take part in this airdrop is to visit the page Swell Airdrop Checker. On this page, you can check whether you are eligible to receive SWELL tokens.

2. Connect your Crypto Wallet: After opening the airdrop page, connect the crypto wallet you use to participate in the Swell staking program. This wallet will be used to verify whether you are eligible to receive the airdrop.

3. Check Eligibility Status: Once the wallet is connected, you will be able to see your eligibility status. If you qualify, there will be information about how many SWELL tokens you can claim.

4. Claim SWELL Tokens: After checking eligibility, you can claim SWELL tokens according to the specified amount. The total allocation for this airdrop reached 850 million SWELL tokens from a total supply of 10 billion tokens.

Also read: CATS Youtube Code: Earn $100+ Per Day

Additionally, for long-term stakers, Swell delivers loyalty bonus, where 7% of the token supply will be distributed linearly based on the number of White Pearls that have been collected. 

There is also an additional 1.5% of the supply that will be given to the most loyal stakers, as part of the Loyalty Bonus.

Restake SWELL 

After getting SWELL tokens, users also have the option to restake and receive rSWELL. This restake will provide additional points that can be used to secure SWELL L2 tokens in the future.

Claim When TGE Opens 

SWELL token claims will be opened during the Token Generation Event (TGE). Users can claim their tokens and start utilizing SWELL tokens on various supported DeFi platforms.

Conclusion

The Swell airdrop offers an exciting opportunity for crypto users to earn SWELL tokens for free. With its innovative liquid staking protocol and support from large investors, Swell has great potential to grow in the Ethereum and DeFi ecosystem. 

By following the steps above, users can easily participate in airdrops and also collect Pearls to earn more SWELL tokens.

For those of you who are interested in entering the world of Ethereum staking and DeFi, Swell is one platform that is worth paying attention to. With a profitable reward system and huge growth potential, playing on Swell airdrops can be a smart move to gain profits in the crypto world. 

Don't miss this opportunity to be part of Swell's journey towards a more secure and decentralized Ethereum future. This is a review of how to play SWELL airdrop. Hope it is useful!

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