Swell Airdrop: Complete Guide to Claiming $SWELL Tokens

Introduction to Swell Network

Swell Network, developed by Swell Labs, is revolutionizing liquid staking on Ethereum through its non-custodial protocol. By enabling users to stake ETH and receive swETH (a yield-bearing liquid staking token), Swell bridges traditional staking rewards with DeFi opportunities, all while bolstering Ethereum's network security. The platform’s vision centers on creating a transparent, decentralized financial ecosystem free from economic barriers.

Understanding the SWELL Token Airdrop

Swell’s upcoming SWELL token airdrop rewards users with PEARL points, convertible to SWELL tokens during the Token Generation Event (TGE). Participants can earn points by:

Staking ETH to mint swETH
Referring new users via unique referral links
Restaking swETH through EigenLayer or other supported pools

👉 Maximize your airdrop rewards with these pro tips

Step-by-Step Guide to Claiming SWELL Tokens

1. Access Swell’s Voyage Dashboard

Navigate to Swell’s official dashboard and connect your Ethereum-compatible wallet (e.g., MetaMask).

2. Stake ETH to Receive swETH

Deposit ETH to mint swETH. There’s no minimum staking requirement, and rewards scale with your staked amount.

3. Track PEARL Points

Points accrue automatically post-staking and are visible in the dashboard. These dictate your SWELL token allocation.

4. Boost Points via Restaking

Option A: Restake swETH in EigenLayer for additional PEARLs and potential eligibility in the Eigen airdrop.
Option B: Allocate swETH to other high-yield pools listed on Swell’s platform.

5. Invite Friends for Bonus Points

Share your referral link to earn 10%–20% bonus PEARL points from friends’ staking activities.

Key Dates and Preparations

Token Generation Event (TGE): Expected in Q3 2024
Airdrop Allocation: Based on PEARL points accumulated by snapshot date
Action Items:
- Stake ETH early for higher point accrual
- Diversify restaking strategies
- Leverage referrals for exponential rewards

FAQ Section

Q1: Is there a minimum ETH requirement to participate?
A: No. Swell allows staking any amount of ETH.

Q2: How often are PEARL points updated?
A: Points refresh within minutes of staking/restaking.

Q3: Can I withdraw staked ETH before the TGE?
A: Yes, but this forfeits unclaimed PEARL points.

Q4: Are SWELL tokens transferable immediately after TGE?
A: Check Swell’s official announcements for vesting schedules.

Q5: How do referrals impact my rewards?
A: Both referrer and referee earn bonus PEARL points on staked ETH.

Why This Airdrop Matters

Swell’s model merges liquid staking simplicity with DeFi’s composability, offering users: