Swell Airdrop Season 2

Introduction to Wavedrops (Swell Season 2)

Swell City is buzzing with excitement as Swell Airdrop Season 2 kicks off. Just like waves in the ocean, rewards in Swell City roll in regularly. Each Wave lasts for ten weeks, culminating in a Wavedrop, where you can claim your earned $SWELL tokens.

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.

How to Participate in Swell Airdrop Season 2

Maximize your $SWELL rewards by participating in the following activities:

Stake Assets on Bitcoin LRT with Swell Network

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

Stake Assets on Ethereum LST with Swell Network

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

Restake Assets on EigenLayer LRT with Swell Network

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

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.

Double Rewards in the First Wavedrop

To appreciate and reward loyal Voyagers, the first Wavedrop’s allocation is doubled! A whopping 2% of the total $SWELL supply will be distributed to Black Pearl holders on October 8, 2024.

• Subsequent Wavedrops: Each following Wavedrop over the next year will account for 1% of the total supply.

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.

‍