How to Maximize Your SWELL Airdrop and Earn 10x Rewards with rSWELL

The launch of SWELL, the native governance token of Swell DAO, marks a pivotal moment for decentralized finance and staking ecosystems. As the core token powering the Swell protocol—a leading Layer 2 (L2) restaking platform for Ethereum and Bitcoin—SWELL offers its holders much more than just governance rights. By understanding the nuances of SWELL’s airdrop, total supply, and distribution, you can maximize your rewards and secure your place in the evolving Swell ecosystem.

Claiming Your SWELL Tokens: Timing Is Key

The SWELL airdrop kicks off on November 7, 2024, at 9:00 AM UTC, with centralized exchange (CEX) listings following at 10:00 AM UTC. An initial batch of 700,000,000 SWELL, which accounts for 7% of the total supply, will be distributed to participants based on their accumulated White Pearls. In addition to this, a 1.5% Loyalty Bonus will reward the most dedicated stakers, with loyalty defined by the length and consistency of engagement within the community.

To claim your SWELL, visit the official Swell Voyage claim link, ensuring that you avoid phishing sites. The claiming process will remain open for up to six months after launch, after which unclaimed tokens will return to the DAO for future initiatives.

For those with small White Pearl holdings, there’s an option to postpone claiming until the Swell L2 launch, making it more cost-effective for participants with limited tokens.

How to Maximize Your Airdrop: Restake for Exponential Rewards

The key to maximizing your SWELL airdrop lies in claiming your tokens as restaked SWELL (rSWELL). By doing so, you can earn rewards at a significantly accelerated rate:

• Black Pearls: Earn 10x the usual rate.
• Ecosystem Points: Gain 15x more when rSWELL is deposited in Swell L2.
• Symbiotic Points: A new reward mechanism soon to be introduced.
• Future Restaking Yield: Additional rewards for securing Swell L2 infrastructure.

Restaking your SWELL as rSWELL can fast-track your rewards, enhancing both your governance influence and your stake in the growth of Swell’s ecosystem. Furthermore, rSWELL can be unstaked at any time with a 3-day cooldown period, giving you flexibility as the network grows.

Governance and the Power of SWELL

Beyond its utility in staking and earning rewards, SWELL plays a crucial role in the governance of the Swell DAO. Holding SWELL or rSWELL grants you the ability to submit and vote on proposals that shape the future of the Swell ecosystem. Your voting power is proportional to the amount of SWELL you hold, giving you direct influence over decisions such as:

• Liquidity incentives for Swell assets.
• Adjustments to protocol and pool parameters.
• Management and distribution of grants for Swell L2.
• Selection and onboarding of node operators and AVS.

This governance framework ensures that the Swell community remains at the center of decision-making, reinforcing the decentralized ethos of the platform.

Understanding SWELL’s Total Supply & Distribution

SWELL’s maximum total supply is capped at 10,000,000,000 tokens, with a distribution strategy designed to balance rewards, development, and long-term sustainability. The initial circulating supply will be 13% (1,300,000,000 tokens), which includes:

• Voyage Airdrop (8.5%): The first 8.5% of tokens are allocated for the airdrop, with 7% distributed linearlybased on White Pearls, and 1.5% reserved for the Loyalty Bonus to reward the earliest supporters.
• Wavedrops (7%): A series of additional airdrops for the community over the 12 months following the Token Generation Event (TGE).
• Launch Pools (1.35%): Allocated to support exchange listings and initial liquidity on CEXs.

In addition, the allocation breakdown includes:

• Team (25%): Reserved for core contributors and advisors, with a 36-month vesting period.
• Fundraising (25%): For private investors who supported Swell’s early development, subject to a 30-month vesting schedule.
• Foundation (15%): Set aside for strategic initiatives like ecosystem growth, product development, and expansion of Swell L2.

Loyalty, Vesting, and Anti-Sybil Measures

The Loyalty Bonus is one of the key features of the SWELL airdrop. This bonus rewards early and loyal community members with a larger share of SWELL. However, only those with more than 10 White Pearls are eligible for this bonus.

To prevent airdrop abuse, SWELL has implemented anti-sybil measures, identifying and excluding individuals who attempt to game the system by creating multiple identities. This ensures that the rewards remain fair and distributed among genuine participants.

Conclusion

Maximizing your SWELL airdrop is more than just claiming tokens—it’s about strategically engaging with the ecosystem to earn enhanced rewards through restaking.

By claiming your SWELL as rSWELL and participating in governance, you’re not only securing more tokens, but also playing an active role in shaping the future of the Swell DAO and its Layer 2 restaking infrastructure.

As the Swell ecosystem continues to grow, your involvement can yield significant rewards, both financially and within the decentralized governance framework.

Q: What is SWELL?
A: SWELL is the native governance token of Swell DAO, used to secure the Swell L2 infrastructure and enable decentralized governance for the Swell protocol, a leading platform for Ethereum and Bitcoin restaking.

FAQ

Q: How can I claim my SWELL tokens?
A: You can claim your SWELL tokens starting on November 7, 2024, at 9:00 AM UTC through the official Swell Voyageclaim link. Claims will remain open for six months, after which unclaimed tokens will be returned to the DAO.

Q: What is rSWELL and why should I claim it?
A: rSWELL is restaked SWELL that can earn rewards at a faster rate. By claiming your airdrop as rSWELL, you will earn 10x Black Pearls, 15x Ecosystem Points, and future restaking yield for securing the Swell L2 infrastructure.

Q: How do I maximize my SWELL airdrop?
A: To maximize your airdrop, claim your SWELL as rSWELL and deposit it in Swell L2 Pre-Launch. This will give you access to enhanced rewards like faster earning of Black Pearls and Ecosystem Points, which can accelerate your growth within the Swell ecosystem.

Q: What is the Loyalty Bonus and how do I qualify?
A: The Loyalty Bonus rewards the earliest and most loyal community members. It allocates 1.5% of the total airdrop to those who have accumulated a high number of White Pearls. To qualify, you must have more than 10 White Pearls.

Q: What is the total supply of SWELL?
A: The maximum total supply of SWELL is 10,000,000,000 tokens. The initial circulating supply will be 13%(1,300,000,000 tokens), including the Voyage airdrop, Wavedrops, and liquidity pools.

Q: How does SWELL governance work?
A: Holders of SWELL or rSWELL can participate in governance by submitting and voting on proposals within the Swell DAO. Voting power is proportional to the amount of SWELL held, allowing token holders to influence the future of the Swell protocol.

Q: What are the anti-sybil measures for the SWELL airdrop?
A: To ensure fairness, Swell has implemented anti-sybil measures to prevent individuals from creating multiple identities to game the system. SWELL tokens allocated to flagged sybils will be redistributed to other genuine participants.

Q: Can I unstake rSWELL at any time?
A: Yes, rSWELL can be unstaked at any time, but it is subject to a 3-day cooldown period before it can be fully accessed.

Q: How is the SWELL token distributed?
A: SWELL’s distribution includes allocations for the community (35%), team (25%), fundraising (25%), and foundation (15%). The first 8.5% of the total supply will be distributed through the Voyage airdrop, with additional rewards and campaigns to follow.