Swell, a fast-growing liquid staking protocol, has announced a new airdrop for its users. The $SWELL Voyage airdrop, with 50 million $SWELL tokens (5% of the total tokens) allocated to the Voyage. Users can collect pearls by staking and LPing swETH, which can later be redeemed for $SWELL at the TGE later this year.
The total $SWELL airdrop distribution depends on the total TVL, with 50 million SWELL being released at present. However, this total distribution will increase if Voyagers hit the community milestone at 50K ETH. With the trend of increased interest in staking and liquid staking protocols, this airdrop will likely attract many users seeking rewards with zero staking fees.
Swell is a liquid staking protocol that aims to provide a good user experience, make it easier to access DeFi and contribute to the growth of Ethereum. With Swell, users can earn passive income by staking ETH and receive a yield-bearing liquid staking token (LST) to hold or use in other parts of the DeFi ecosystem.
Users who are interested in Swell can keep track of their progress on the Voyage dashboard. The $SWELL Voyage airdrop allows Swell users to earn rewards while participating in the wider DeFi ecosystem.