Swell Airdrop and EigenLayer: Stake ETH and earn pearls

Hello, crypto friends! Have you heard about the latest buzz about the Swell airdrop? What is it, and how can you benefit from it? Let’s dive in!

🌐 What is the Swell Airdrop?

Swell is a non-custodial liquid-staking protocol. It has launched a Voyage campaign, airdropping a total of 50,000,000 SWELL tokens to users who stake ETH. Users earn Pearl points, which will be convertible to SWELL tokens at the TGE token launch in Q1 2024.

🎯 How to Participate in the Swell Airdrop?

Participating in the Swell airdrop is straightforward. Here are the steps:

1. Visit the Swell Staking page.
2. Connect your wallet and stake your ETH.
3. You will receive Swell’s liquid staking token swETH.
4. Start earning Pearl points.

But wait, there’s more! You can also restake your swETH on EigenLayer and potentially earn an additional airdrop.

🔁 How to Restake on EigenLayer?

EigenLayer is a protocol built on Ethereum that introduces restaking. Here’s how you can restake your swETH on EigenLayer:

1. Visit the EigenLayer website.
2. Deposit your swETH into the “Swell Staked Ether pool”.

Remember, EigenLayer has a max cap of 500k ETH, and it’s filling up fast. So, hurry up!

💰 What Will You Earn?

By participating in the Swell airdrop and restaking on EigenLayer, you stand to earn:

• Pearl points, convertible to SWELL tokens at the TGE token launch in Q1 2024.
• EigenLayer restaked points, which could turn into an EigenLayer airdrop probably in Q1 2024.
• More swETH the longer you stake.

So, what are you waiting for? Start staking, restaking, and earning today! And remember, what matters for points is the number of ETH staked and the length you stake it for. There is no need to use several wallets.

References:

1. EigenLayer website
2. Swell staking page