Swell Network Airdrop: How to Get Pearls Tutorial

Bittime - Looking forward to the Swell Network Airdrop? Well, you are in the right article. Because, here we will discuss how to get Pearls in this airdrop program. Check it out, come on!

Swell Network is a decentralized Ethereum staking protocol. This platform offers a new way for investors to maximize profits from their ETH assets. 

With a unique mechanism that combines traditional staking and restaking technology, Swell Network opens up opportunities for users to earn higher passive income. 

Not only that, the newly launched The Voyage program promises attractive prizes in the form of SWELL tokens through a points system called "Pearls".

What is Swell Network?

Swell Network is a non-custodial Ethereum staking protocol. This protocol allows users to earn double profits from the ETH they own. 

Read also: Swell Will Launch an Airdrop Program Named Wavedrop on October 8!

Launched with a vision to increase liquidity and incentives for staked ETH holders, Swell Network leverages EigenLayer technology to distribute staked ETH across multiple active validated services (AVS).

The uniqueness of Swell Network lies in the swETH tokens that users receive as a representation of the ETH they stake. These tokens can not only be traded, but can also be used in various other DeFi applications. This provides unprecedented flexibility in the Ethereum staking ecosystem.

According to data from DeFiLlama, Swell Network's Total Value Locked (TVL) has reached $50 million as of August 2024, showing significant growth in recent months.

The Voyage Program: The Path to the SWELL Airdrop

One of the most interesting aspects of Swell Network is the program The Voyage. The program is designed to reward users who actively participate in the Swell ecosystem through a points system called "Pearls". 

These Pearls can later be exchanged for SWELL tokens during the Token Generation Event.

The ways to get Pearls are quite varied, from providing liquidity on platforms such as Balancer, Uniswap, and Pendle, to making deposits on Swell and restaking ETH. 

Each activity awards a different number of Pearls, with calculations based on the number and duration of participation.

How to Get Pearls in SWELL Airdrop

You can get Pearls quite easily. So, here is a tutorial to get it:

1. Join Swell Voyage

2. Earn swETH

3. Provide liquidity on various platforms (Balancer, Aura, Maverick, Bunni, Uniswap, Pendle)

4. Refer other users

5. Participate in Swell L2

6. Me-restake ETH

It is important to note that not all steps are mandatory. Users can choose to focus on just a few platforms to optimize the use of their assets.

Read also: Swell Ready to Launch rswETH Withdraw Function This Week!

The Future of Swell Network

With $3.75 million in funding support from well-known investors such as Framework Ventures and IOSG Ventures, Swell Network has a strong foundation for future growth. The launch of the SWELL token which is planned for Q3 2024 is one of the important milestones that the crypto community has been waiting for.

Although final tokenomics details have not been announced, the Swell team has confirmed that at least 7% of the total supply will be allocated to the token airdrop. This number has the potential to increase as community bonus milestones are achieved.

Conclusion

Swell Network offers an innovative approach to Ethereum staking that opens up new opportunities for investors to maximize their profits. 

With a combination of traditional staking, restaking technology, and incentives through The Voyage program, Swell Network has the potential to change the DeFi landscape in the Ethereum ecosystem.

For investors and crypto enthusiasts, participation in The Voyage program can be a strategic step to gain initial access to SWELL tokens. However, as with all crypto investments, it is important to conduct in-depth research and understand the risks involved before participating.

With promising development and support from major investors, Swell Network deserves to be one of the projects to watch in the evolution of the Ethereum ecosystem in 2024 and beyond.

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