Retroactive is always a sought-after segment because the rewards it brings are huge, especially projects built on the Ethereum ecosystem. In this article Weakhand will give everyone a guide to airdrop hunting for Swell Network, a project on Ethereum that has confirmed airdrops.
Overview of Swell Network
Swell Network is a Liquid Staking project built on the Ethereum network to help everyone participate in decentralizing the network without having to own 32 ETH or have to wait a long time. to withdraw money.
Swell Network has successfully called for $3.75M Seed Round from major investment funds such as IOSG, Framework Ventures, Apollo Capital and some famous individual investors such as Mark Cuban,…
The project has also confirmed that it will airdrop to early users through the Voyage program. Users participating in Voyage will receive pearls points, which will then be converted into SWELL tokens right at the time of TGE.
Swell Network Airdrop Hunting Guide
Step 1: Prepare ETH
Because the longer the staking time, the more tokens will be received, so it is most reasonable for everyone to use some of their idle capital to hunt for airdrops. After purchasing ETH on centralized exchanges, people need to withdraw to the Ethereum network.
Because all steps are performed on the Ethereum network, people can choose low gas times to make transactions most cost-effectively, check gas fees at Etherscan (cheap gas times are usually early morning or afternoon ).
Step 2: Staking tokens and mint swETH
- Visit: https://app.swellnetwork.io/
- Proceed to staking ETH to receive swETH.
- For example: If everyone has 2 ETH, they should only stake about 0.95 ETH and keep 1.05 ETH to use for later steps and pay transaction fees.
Step 3: Provide liquidity to swETH
In Voyage 1, there are currently only 4 projects where users providing liquidity receive pearls points, however, to choose a pool with high APY as well as short steps to save costs, we can Use Maverick.
- Visit: https://app.mav.xyz/boosted-positions
- Enter a balance amount of ETH and swETH, select a price range and proceed to provide liquidity in Add Liquid and Stake.
Step 4: ReStaking swETH into EigenLayer
During EigenLayer’s limit raising event on December 18, swETH was added as one of the accepted assets, so everyone can stake here to receive both Eigen points and pearls by following these steps. :
- Visit: https://app.eigenlayer.xyz/
- Connect Metamask wallet to Ethereum network.
- Deposit swETH to EigenLayer on December 18.
Step 5: Join the project’s social channels
Joining social channels and taking roles in Discord can also help increase the amount of pearls rewards people receive.
- Join Swell Network’s Discord: https://discord.gg/swellnetworkdao
- Join Guild:
Summary
Above are the detailed instructions for hunting Swell Network airdrops. Weakhand hopes that through this article, everyone can receive airdrops from the project in the future.
