Before Swell hits 50K staked ETH, the Voyage has taken a brief diversion with the introduction of Zaps.
This side quest has dominated the action in the community over the last few days, while the team have been busy pushing ahead with withdrawals and introducing new swETH opportunities including the dual airdrop collaboration with Liquis.
Dive on into this fortnight’s newsletter for the highlights of the last fortnight at Swell!
⚡Zap Into swETH to Earn Pearls!
Swell’s new zap feature lets you earn a 40 Pearl bonus per 1 swETH by swapping any token into swETH.
This will last for 14 days, and is an opportunity to not only help strengthen swETH liquidity, but also help decentralize Ethereum by creating a healthy liquid staking market. Bonus prizes are up for grabs for users who Zap the most obscure mix of tokens, and for whales who Zap more than 100 swETH at once.
Note: Staking functionality has been temporarily removed for the duration of the sidequest to ensure that all new Voyagers are making the most of this short-lived zapping opportunity.
Looping, i.e. zapping and quickly selling repeatedly, is strictly prohibited and any user caught engaging in this process will be excluded from the Voyage and lose their entitlement to Pearls.
Read the blog post
Zap into swETH
🍷Turbo swETH has 0% Fees
The Turbo swETH Vault on Sommelier is now enjoying some juicy incentives. For the next two months, anyone who deposits in the Turbo swETH vault can enjoy:
- 100% vault yield, without any platform or performance fees
- Joint incentives from Swell and Sommelier Finance
- 2x boosted Pearls
Read our guide to depositing WETH on Sommelier:
Turbocharge your swETH on Sommelier
🌊Liquis Joins the Swell Voyage
Swell is one of the first partners to collaborate with Liquis, the liquid locker built on top of Bunni.
You can now stake your Bunni LP tokens on Liquis for boosted yields and Pearls for the Swell Voyage. Only the swETH/GRAI pool is currently eligible for Pearls.
Read Liquis’ airdrop series blog post
🌌Swell Ventures into Galxe
With our journey to Swell City well underway, it is time to venture into new territories.
Swell has officially joined Galxe and we have a number of campaigns lined up in the future. Be sure to attend upcoming community events to increase your chances of obtaining an OAT that will have future utility when we reach Swell City in early 2024.
Follow Swell on Galxe
💼 Swell is Hiring
Swell is currently looking for an experienced and self-motivated Senior Backend Engineer to join our team.
If you fit the criteria and want to work for a rapidly growing Ethereum liquid staking protocol then be sure to apply!
🙋Twitter Spaces and Podcasts
Boost your swETH Yields on Equilibria | Discord Community AMA
Our Chief Liquidity Surgeon Abi was joined by Murilo from Equilibria to discuss earning yield on swETH and the advantages of LPing in Equilibria’s swETH pool.
Read the step-by-step guide to boosting swETH yield on Equilibria.
Boosting your swETH Yield with Pendle and Penpie | Twitter Space
In this Twitter Space, we were joined by Dan from Pendle and Radlin from Penpie to discuss the the protocols and how swETH holders can boost their swETH yield.
Introducing Liquis | Twitter Space
In our latest Twitter Space, we were joined by ___ from Liquis to discuss how to boost swETH yields, the future of LSTs and the Swell x Liquis double airdrop opportunity.
The State of LSTs | Twitter Space Panel
Our Founder Daniel joined Maverick’s latest Twitter Space panel to discuss the current state of LSTs and what we can look forward to in the future.
💧 swETH Liquidity
New Pendle PT swETH Pool
With our PT swETH taking the top spot as the biggest pool on Pendle, we’ve deployed another one!
The new PT pool has a maturity date of June 2024, enabling yield speculation on a shorter timeframe to drive more volume and revenue for liquidity providers.
This pool is also eligible to earn pearls in the Swell Voyage!
📣 Top Tweets
Zapping rewards won't last forever!
10 things that you can do with your swETH
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.
