From high voltage Pearl hunting to the hiring of a new backend engineer, get the highlights from Swell in our latest Deep Dive.
Oct 16, 2023
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.
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.