Basic Information
| Information | Details |
|---|---|
| Project Name | Swell Network |
| Project Website | Swell Network |
| Project Description | Swell is a leading L2 restaking protocol offering native liquid staking and restaking for Ethereum and Bitcoin. It enables governance and infrastructure security via restaking protocols like EigenLayer and Symbiotic. |
| Project Ticker | SWELL |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | SWELL (Governance Token) |
| Total Airdrop Amount | 850,000,000 SWELL (8.5% of total supply) allocated to the Voyage campaign |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | Not Known |
| Claiming Started | November 7, 2024, 9:00 AM UTC |
| Claiming Ends | May 7, 2025 (6 months after launch) |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | Based on White Pearls accumulation (varies per user) |
| Median/Average | Not Known |
| Minimum | Users with less than 10 White Pearls are ineligible for the Loyalty Bonus |
Eligibility Criteria
- Eligibility was determined based on participation in the Swell Voyage campaign.
- Users earned “White Pearls” based on their staking and liquidity provision.
- 7% of the total SWELL allocation was distributed linearly based on White Pearls.
- An additional 1.5% was distributed as a Loyalty Bonus to the most dedicated users.
- Users with less than 10 White Pearls were not eligible for the Loyalty Bonus.
- Anti-sybil measures were implemented to prevent manipulation.
- Top 250 wallets were subject to vesting conditions.
Important Links
- Claim Your Airdrop
- Official Announcement
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Swell Network Twitter Announcement
Additional Information
- Users can maximize their airdrop rewards by claiming as rSWELL, which earns:
- 10x Black Pearls
- 15x Ecosystem Points (when deposited in Swell L2)
- Symbiotic Points (future rewards)
- Restaking yield for securing Swell L2
- SWELL and rSWELL can be used for governance in Swell DAO.
- CEX listings followed the claim launch at 10:00 AM UTC on November 7, 2024.
- rSWELL can be unstaked with a 3-day cooldown period.
- Users with small allocations may delay their claim until Swell L2 launches.
- Unclaimed tokens after 6 months will return to the Swell DAO.