We’ve kicked off Chapter 2 with a referral program, but there is much more in the works.
Sep 5, 2023
The Voyage has now descended into the Twilight Zone, taking us one step closer to the end of our journey at Swell City!
That’s right, Chapter 2 has officially begun. We’ve kicked off with a referral program, but there is much more in the works including Layer 2 networks and more community-oriented growth mechanisms that have yet to be revealed.
At the same time, we’ve been celebrating a successful liquidity migration from vulnerable Balancer pools, introducing new yield-earning opportunities, and mixing with some of the best and brightest of DeFi in a range of online events.
Everything you need to get up to speed is waiting for you in this fortnight’s deep dive…
🚢 The Voyage Chapter 2: Twilight Zone
Since departure, the Voyage has descended deep into the ocean, attracting 47,400+ in staked ETH, and helping Swell quickly break into the top ten largest liquid staking protocols.
Chapter 2 of the Voyage has now launched and brings a completely new way to earn Pearls by referring new stakers. Simply create your own unique referral link to share with a prospective Voyager, and earn 10 Pearls for each swETH that they mint through the link. The new Voyager also gets 10 bonus Pearls for minting through the link.
Please note: Looping (repeatedly buying and then selling) through a referral link goes against the Swell rules and guidelines, and can result in you being excluded from the Voyage and losing your entitlement to Pearls.
Along with Rocket Pool, Stakewise, Stader Labs and Diva Staking, the Swell Core Team has announced intentions to self-limit to 22% of all validators to ensure maximal Ethereum alignment.
🙋Twitter Spaces and Podcasts
The New Era of LST-Backed Stablecoins | Twitter Space
We sat down to discuss one of the hottest topics of DeFi — LST-backed stablecoins — with Lewis from Gyroscope, MajeStyle from Gravita, Richard from Prisma Finance, Guy from Ethena Labs and Mai from Curvance.
Introducing the swETH E-CLP | A Twitter Space with Gyroscope
Swell’s Chief Liquidity Surgeon Abi, was joined by Lewis and Steffen from Gyroscope to deep dive into our new E-CLP and discuss why the elliptic concentrated liquidity model is perfectly suited to the swETH/wstETH pair.