The explosive growth of swETH on EigenLayer has given rise to another opportunity to collect Pearls.
With Referrals, you can capitalize on the excitement and earn extra Pearls by inviting friends to stake with Swell.
Boost your rewards by referring frens!
The process of earning pearls through referrals is simple:
- Create your unique referral link
- Share your link with a prospective Voyager
- Both you and your referee earn 10 Pearls for each swETH that they mint through the link
For example, Alice shares her referral link with her friend Bob. He then clicks on the referral link and mints 5 swETH. Bob and Alice both receive a referral bonus of 50 Pearls each.
If you are concerned about sharing your ETH address in the referral link, consider using a different address for referrals.
Create your referral link: http://app.swellnetwork.io/voyage
More about the Minting and Restaking Bonus
Referral rewards will be available for as long as the minting bonus is live.
This minting bonus is currently tied to the rapidly closing EigenLayer LST caps, giving you what is likely to be a brief window of opportunity to earn Pearls by referring frens.
Learn more about the minting and restaking bonus.
Please note that Pearls earnt for minting swETH and restaking on EigenLayer will not show immediately, but will be added to your Voyage dashboard by early January. Thanks for your patience.
Referral Rules and Guidelines
- Buying swETH on the secondary market is not rewarded with Pearls: the Referral bonus only applies to minting swETH via the app, and not buying on the secondary market.
- Referral links can be used by existing stakers. For example, you could pass your link to your friend who is already staking with Swell, and he could use it to get you both a referral bonus. This is not against the rules.
- Looping — i.e. using the same amount of ETH to generate rewards multiple times by selling swETH for ETH to repeat the process, is prohibited and will result in you being excluded from the Voyage and losing your entitlement to Pearls.
- Referring fake accounts is prohibited and anti-sybil mechanisms are in place. Such activity will result in being excluded from the Voyage and losing your entitlement to Pearls.
As long as you follow the rules, you are free to promote your referral link however you choose: Share it with friends and family, post it on Twitter, or make a referral banner for your website — let's bring liquid staking to everyone!
FAQ
I have staked but have not received Pearls. Why?
Please note that Pearls earnt for minting swETH and restaking on EigenLayer will not show immediately, but will be added to your Voyage dashboard by early January. Thanks for your patience.
Will I get rewards if I stake or refer less than 1 ETH?
Yes, bonus Pearls are awarded proportionally. For example, you would receive 3 Pearls for minting 0.1 swETH, or 1 Pearl for 0.1 ETH staked through your ref link.
When will the referral program end?
Swell maintains the rights to stop, pause, and resume the program at any time.
When will Pearls earned for referring new Voyagers be received?
Pearls will show on your dashboard within five to ten minutes,
