Swell Network, one of the most prominent liquid staking protocols, has recently launched a creative staking airdrop called the Voyage. The Voyage is divided into four chapters, with each chapter you engage in several tasks to earn rewards. Let us get into details.
What is SWELL Network?
Swell Network is a liquid staking protocol that tackles the issue of illiquidity in native ETH staking. The main benefit is, that you can use your ETH as collateral while getting the benefits of traditional staking. It is open-source and decentralized, which means the Swell admins won’t have access to your Ethereum.
It costs 32 ETH to set up a normal validator node on the Ethereum chain. Swell cuts down these costs so that anyone can earn rewards by staking their few dollars worth of ETH. Swell moved another step and now they have a more intense staking option called the Voyage.
What is VOYAGE?
Voyage is designed like a game, where you hunt PEARLS. PEARLS are the points that measure your contribution to the Swell Network. These PEARLS can later be converted to real crypto rewards.
The Voyage is divided into four chapters:
- Chapter 1 – Sunlight Zone: This is the first part of the journey where the initial participants of the voyage become the citizens of Swell DAO ( Decentralized Autonomous Organization).
- Chapter 2 – Twilight Zone: In the Twilight Zone, voyagers can add more people to join their journey. It is basically a referral phase.
- Chapter 3 – Midnight Zone: In this zone, the Voyagers explore the liquid staking with rswETH. rswETH gives the voyagers unlimited access to the restaking rewards.
- Chapter 4 – Swell City: In this phase, the voyagers redeem PEARLS for Swell and, according to the points received, they take their position in Swell City.
Is it Free?
This one is a staking airdrop, so you need a minimum amount of crypto in your wallet to stake, and for the gas fees.
Benefits of This Airdrop
With this staking airdrop, you can earn a significant amount of points by doing the right tasks. But a major question that arises is, when you have prominent liquid staking protocols like Rocket Pool, why should you stake your ETH in Swell’s Voyage? The answer is diversification. It is your chance to diversify your staking portfolio with Swell.
Eligibility
- You should be above 18 years old to participate in the airdrop.
- You need a minimum amount of ETH to be eligible to participate in Voyage.
Step-by-Step Guide to Claim the Airdrop
- Visit the SWELL Voyage App: Make sure you visit Swell’s official site.
- Connect Your Wallet: Visit the Swell app and connect your Ethereum wallet. You can connect any wallet, but WalletConnect and Metamask are preferred. If you have any verification issues in your trust wallet Android app, you can use the Kiwi browser to connect. Keep in mind that you need a minimum amount of ETH to be eligible to participate in the Voyage.
- Mint swETH: Stake your ETH to mint swETH. If you stake 1 ETH you get 0.966 swETH.
- Convert to PEARLS: You will get 30 PEARLS for every minted swETH or rswETH. Stake more ETH to boost your returns via swell earn.
Is This Airdrop Trustable?
Yes, it is. You can trust the Swell platform. It is one of the trusted ventures, and there are a lot of positive reviews for Swell on social media.
Conclusion
Already a large amount of crypto enthusiasts have deposited their their ETH and minted Restaked Swell Ether. Like them, this is your chance to engage in the swell network actively.
The platform is secured by industry leaders like Sigmaprime, Gauntlet and Immunefi. Swell is also supported by the Liquid Restaking Council. All that said, it is important to do your own research before delving into staking. Again, make sure that you are on the original Swell Network platform. Good luck.
Read more: How To Claim Axelar $AXL Airdrop; Eligibility & Launch Date
