Deposit your ETH through Swell to become potentially eligible for their airdrop!
Swell
DeFi
Swell
Rewards
Rewards
TBA
Past rewards
$120 $11,800
Details
Minimal cost
~$20
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Medium
The project has raised $3.75 million from Framework, IOSG Ventures, and Apollo Capital. They've officially included a token in their tokenomics and mentioned an airdrop for users. You can combine this project with other DeFi protocols, possibly earning rewards from multiple projects.
Participating in Swell is based on depositing your ETH, in order to have a bigger confidence in your potential airdrop chances, it is recommended to deposit at least $300 worth of ETH.
Pros & Cons
Strong Partnerships
Collaborating with Layer Zero and EigenLayer.
Concurrent Airdrops
Association with Maverick and EigenLayer enables simultaneous airdrop participation.
Restaking Recognition
Chosen for restakable assets by EigenLayer, increasing its visibility.
High User Confidence
TVL surpassing initial investment by 30 times signals potential for further funding.
Guaranteed Airdrop
Allocating 5% of tokens for swETH holders as rewards.
Security Risks
Inherent hacking risk in DeFi projects.
Substantial Stake Requirement
Past activities demanded staking significant ETH amounts, posing challenges for beginners.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximize your chances of benefiting from this opportunity.
- Stake Within Swell: The primary activity is to stake (lock up your funds for a period) within Swell. This involves committing your cryptocurrency in the platform to earn rewards.
- Use sWETH in DeFi Ecosystem: Utilize your sWETH (staked ETH) across various blockchain networks in the decentralized finance (DeFi) ecosystem. This strategy aims to maximize the returns on your staked ETH.
- Earn Points in Swell Voyage: Participate in the Swell Voyage to accumulate points. These points can be a part of the reward system within Swell.
- Engage in EigenLayer Restake: By restaking in EigenLayer, you have the opportunity to potentially earn rewards from two different projects simultaneously. This involves a strategic reinvestment of your staked assets.
- Complete Off-Chain Tasks: Engage in off-chain activities like Galaxy Quest or social tasks related to Swell. These tasks are outside the blockchain but contribute to your involvement and potential rewards in the project.