Swell Token ($SWELL) Airdrop: Complete Guide (Season 3)

Introduction

Swell Network is a decentralized finance (DeFi) protocol focused on providing liquidity and restaking solutions for Ethereum and Bitcoin users. With a strong backing of $3.75 million from notable investors, including Mark Cuban and Kain Warwick, Swell aims to enhance user experience through innovative mechanisms that benefit participants in the growing DeFi landscape.

How to Earn $SWELL

• Hold swETH and rswETH: Simply holding these tokens qualifies you for rewards.
• Use Supported DeFi Integrations: Utilize swETH and rswETH in approved DeFi protocols to earn additional Black Pearls.
• Claim Your $SWELL: Exchange your accumulated Black Pearls for $SWELL tokens at each Wavedrop.

Teir: A+
Difficulty Level: Medium
Cost to Farm: Gas Fees
Type: Liquidity
Funding: $3,750,000
VCs and Investors: IOSG, Maven 11 Capital, Apollo Capital and others
Total Tasks: 6 (Recurring + One Time)

Step 1: Stake Assets on Bitcoin LRT with Swell Network

✅ Capital Required
✅ Recurring Task
✅ 2–3 Minutes

1. Navigate to Swell Network Staking
2. Connect Your Wallet
3. Select “Bitcoin LRT” on Stake Options
4. Choose “Bitcoin LRT” from the list of available staking options
5. Stake $BTC to Gain swBTC

Step 2: Stake Assets on Ethereum LST with Swell Network

✅ Capital Required
✅ Recurring Task
✅ 2–3 Minutes

1. Go to Swell Network Staking
2. Connect Your Wallet
3. Select “Ethereum LST” on Stake Options
4. Stake $ETH to Gain swETH

Step 3: Restake Assets on EigenLayer LRT with Swell Network

✅ Capital Required
✅ Recurring Task
✅ 2–3 Minutes

1. Navigate to Swell Network Restaking
2. Connect Your Wallet
3. Select “EigenLayer LRT” on Restake Options
4. Select an Amount of ETH
5. Restake to Get rswETH

Step 4: Stake Assets on Swell LRT with Swell Network

✅ Capital Required
✅ Recurring Task
✅ 2–3 Minutes

1. Visit https://app.swellnetwork.io/stake?ref=0x7f4c2297d25ed27b4da191a957c0a451435a7a3e
2. Connect a wallet
3. Select “Swell LRT” on Stake Options
4. Stake $SWELL to gain $rSWELL

Step 5: Stake Assets on Swell Earn Vaults

✅ Capital Required
✅ Recurring Task
✅ 3–9 Minutes

1. Visit https://app.swellnetwork.io/stake?ref=0x7f4c2297d25ed27b4da191a957c0a451435a7a3e
2. Connect a wallet
3. Navigate to “Earn”
4. Select “Earn Vaults”
5. Deposit Assets to earn rewards and additional perks

Please Note:

• Current Reward Points
  Ecosystem 1.5x
  Black Pearls 3x
  Nucleus 3x

Step 6: Bridge Assets on Swell Network

✅ Capital Required
✅ Recurring Task
✅ 3–8 Minutes

1. Visit https://app.swellnetwork.io/stake?ref=0x7f4c2297d25ed27b4da191a957c0a451435a7a3e
2. Connect a wallet
3. Select “Swellchain” section
4. Bridge Assets to Swellchain

Note: Make sure you transfer ETH for gas fees

Important: Always ensure you’re interacting with the official Swell Network website to avoid phishing scams. Double-check URLs and consider bookmarking the official site.

Ride the Waves for Bonus Multipliers

Enhance your $SWELL earnings by riding consecutive Waves. For every Wave you participate in after the first, you receive an additional 10% boost to your Black Pearl count at each Wavedrop.

Loyalty Pays Off:

• As a Voyager (Season 1) turned Swell Citizen, you automatically receive a 30% boost on your Wavedrops if you maintain 90% of your swETH/rswETH balance from the snapshot date.
• New Swell Citizens start at the base boost and can earn higher boosts by maintaining 90% of their swETH/rswETH balance.

Note: Boosts will be displayed on the Swell City page ahead of the first Wavedrop.

rswETH L2 Bonus:

With the upcoming launch of Swell L2 powered by rswETH, Swell is offering an exclusive bonus to depositors:

• 1.5x Multiplier: Holders of all Swell Tokens deposited in Swell L2 earn a 1.5x multiplier on Swell L2 airdrops.

Frequently Asked Questions

Q1: In Which Protocols Can I Collect Black Pearls?

• Holding swETH and rswETH earns Black Pearls.
• Most DeFi protocols supported during the Voyage are also available in Swell City.
• More protocols will be added as rswETH goes cross-chain in the coming weeks.

Q2: How Can I Maximize My $SWELL Rewards?

• Participate in Consecutive Waves: Earn up to a 60% boost by riding multiple Waves.
• Maintain Your Balance: Keep at least 90% of your swETH/rswETH balance from the snapshot date.
• Utilize Supported Protocols: Engage with approved DeFi integrations to earn additional multipliers.

Q3: Who Can Earn Black Pearls?

• Participation is restricted in certain jurisdictions, including the United States. Please refer to the Swell terms and conditions for more details.

Q4: Can I Earn Black Pearls Through Minting and Referrals?

• The referral and minting bonuses will be paused at the snapshot as Swell transitions into Swell City.

Q5: When Will the Tokenomics Be Released?

• Swell tokenomics will be finalized and released a few days before the Token Generation Event (TGE).

Conclusion

Swell Airdrop Season 2 presents an incredible opportunity to maximize your $SWELL rewards. By staking assets, riding consecutive Waves, and utilizing supported DeFi protocols, you can significantly boost your earnings.

Disclaimer: This article is based on the latest information available as of its publication date. Always conduct your own research and refer to official Swell channels for the most current details and updates. Happy Farming.

Disclaimer: This article, including insights on airdrop farming and other DeFi strategies, is for informational purposes only and should not be considered as financial advice, investment recommendations, or an endorsement of any particular investment or strategy. The cryptocurrency and DeFi markets are highly volatile and unpredictable. Past performance is not indicative of future results. One Click makes no representations or warranties regarding the accuracy, completeness, or timeliness of the information provided. Readers should conduct their own research and consult with independent financial advisors before making any investment decisions. By using this information, you agree that One Click is not liable for any losses or damages arising from your investment choices.

‍

To keep up to date with everything One Click Labs follow us on X, read us on Medium and join us in Discord!

‍