Despite choppy waters in the digital asset market, the Voyage is descending faster than ever towards Swell City!
There are now more than 6,700 Voyagers and 25,000 ETH staked, which is over half way towards our 50k ETH community milestone. When this level is hit, the total size of the Voyage Airdrop will increase 40% – making everyone’s pearls more valuable!
In other news, Swell has been racing around the Twitter Space circuit, and adding more opportunities to earn yield on your swETH.
Let’s deep dive and discover what Swell has been up to this past fortnight!
🚢 Swell Voyage Minting Bonus
You can now earn pearls faster by minting swETH!
Until 22nd of June 2 am UTC, you can earn 20 pearls for every 1 swETH minted through the Swell app. Purchasing swETH on secondary markets such as Balancer, Maverick or Uniswap does not qualify for the 20 pearl minting bonus.
Please note: Looping swETH, defined as repeatedly staking then selling into our liquidity pools, will not be rewarded.
Start staking today: app.swellnetwork.io/
🙋Podcasts and Twitter Spaces
Swell x Maverick x TokenReactor: LST Liquidity and LPing
We joined a special Twitter Space with the teams from Maverick and TokenReactor to discuss LSTFi and building sustainable LST-based ecosystems.
Carbon LST Panel
Our founder Daniel and Head of Research, Abi, joined Carbons blockchain banter panel with Rocket Pool to discuss liquid staking tokens.
Swell Diving Club Twitter Space
We were joined by Swell Diving Club members – including OlympusDAO, Yearn, Tokemak and more – to discuss the centralization of liquid staking and the rise of LSDfi.
Listen to the recording
Read the recap
Japanese Language AMA
Our Japanese community manager Takeshi held an AMA for our Japanese community to answer some frequently asked questions and discuss the Swell Voyage.
Blocmates Podcast
Swell Founder Daniel was recently interviewed by Jedi from Blocmates to discuss Swell’s plans to capture a share of the ETH liquid staking market. Plus our token generation event happening later this year.
📊 swETH Market Listings
You can now track swETH liquidity pools on the DefiLlama Yield Dashboard.
💧swETH Liquidity
swETH/frxETH Curve Pool
Last week we officially launched our swETH/frxETH Curve Pool. The pool is now live with rewards set to start flowing this week.
Provide swETH liquidity on Curve
Aura swETH-WETH Pendle Pool
Pendle has officially integrated swETH held in Aura, enabling LPers to provide swETH liquidity on Pendle and earn trading fees, Aura and Balancer rewards and the underlying swETH yield from staking ETH.
Note: liquidity providers on Pendle are collecting pearls in the Swell Voyage, but there is currently a delay showing these pearls on the Voyage dashboard.
Penpie Bribery Market
Swell has joined Penpie as a launch partner for their bribery market.
Swell will be bribing Pendle voters through the Penpie bribery market to increase $PENDLE emissions for their liquidity providers on Pendle.
unshETH Integration
Swell has officially integrated with unshETH.
This integration helps decentralize the asset mix within unshETH, drive utility for swETH and increase swETH liquidity via unshETH’s AMM.
Due to early success, there is now a new proposal up to increase the target weight of swETH from 5% to 10% in the unshETH index.
Read the governance proposal
💻 Tutorials
Stakely released a step-by-step video tutorial on how to stake ETH with Swell.
📣 Top Tweets
It’s time to diversify your stake to support the health of the network
Some Swell pearl valuation alpha has dropped
A deep dive into Swell from one of our Community Council members
Join the Swell Community
Expect to receive your next edition of the Swell Deep Dive in two weeks.
Until then, stay up-to-date by joining us in Discord and on Twitter.
