Swellchain Wave 1: Bridge and Hold

Bridge your assets to Swellchain and hold before 12 am UTC on December 31st to get your share of 31,250,000 SWELL.

Simply check your Portfolio to see the yield for holding assets on Swellchain, and then bridge to start earning.
‍
This Wave of rewards is the first of several to come in Wavedrop 3, and will be followed by a second Wave in which you can earn $SWELL and Ecosystem Tokens by exploring dApps on Swellchain.

How to bridge

The following assets can be bridged: 

• Swell: swETH, rswETH, swBTC, SWELL, rSWELL, earnBTC, earnETH
• Etherfi: weETH
• Kelp: rsETH
• Renzo: ezETH, pzETH
• Ethena: USDe, sUSDe (Ethena assets will go live on Swellchain with the upcoming launch of Tempest Finance, expected before the end of the week).
• Lido: wstETH
• ETH

All bridged assets continue earning their native points and rewards, with the exception of USDe and sUSDe which must be deposited in Tempest to continue earning Sats.

Or bridge via earnETH

Alternatively, you can bridge the following tokens via earnETH to automatically get the best yields from Swellchain. Simply deposit the asset and sit back and relax. The vault will unwind the assets and continually deploy the funds to the top yield-earning opportunities on Swellchain—removing the need for you to manually allocate.

• Pendle: PT-weETH-26DEC2024, PT-ezETH-26DEC2024, PT-rswETH-27JUN2024, PT-weETH-27JUN2024
• Symbiotic: DC_swETH, DC_wstETH, DC_cbETH
• Eigenpie: mmETH, mswETH, mstETH
• Mellow Finance: amphrETH
• Dinero: apxETH

Bridge now: app.swellnetwork.io/swellchain/launch‍

Pre-Launch Deposit rewards

Rewards stop flowing to the Pre-Launch on December 19th 2024 at 11:59pm UTC.

During the Pre-Launch, the following rewards were earned by depositors:

Ecosystem Points

The following tokens, representing 25% of the total Ecosystem Rewards, were earned by Ecosystem Point holders during the Pre-Launch:

• 5,000,000 ION (~0.5%)*
• 7,500,000 AMBIENT (~0.75%)*
• 5,000,000 BUBBLY (~0.5%)*
• 7,500,000 JIGSAW (~0.75%)*
• 5,000,000 TEMPEST( ~0.5%)*
• 5,000,000 NEPTUNE (~0.5%)*
• 10,000,000 SWELL (0.1%) (to be claimed by Ecosystem Point holders with Wavedrop 2).

*Where total supply is unknown it is assumed to be 1B.

Pre-Launch depositors also earned token allocations from Brahma, Versatus, Ditto, Drosera, and other yet-to-be-announced protocols. These remaining token allocations will be revealed before the end of Wavedrop 3. Tokens from ecosystem dApps will be claimable at the airdrops of the respective protocols.

The remaining 75% of Ecosystem Rewards will be distributed through Wavedrops in proportion with $SWELL for using the respective dApps on Swellchain.

Eigenlayer Points 

1M Points were promised to depositors in the first 4 weeks of the Swell L2 Pre-Launch who stayed until the L2 launch.

If you're eligible, the amount of EigenLayer Tokens you receive will be derived from the amount that you deposited in the pre-launch deposit contract, and the duration of your deposit, as calculated based on a time-weighted average.

The Eigenlayer Points were purchased by Swell during Eigenlayer Season 1, in which points were converted to tokens at a ratio of ~42.8 points per $EIGEN.

Your EIGEN will be claimable on Swellchain via the Portfolio on the date of the Wavedrop 2 distribution, currently expected around January 10th.

Mainnet rewards

In addition to rewarding activity on Swellchain, Swell assets used in selected protocols on mainnet will still be rewarded with SWELL. These include:

• PancakeSwap: rswETH/ETH, swETH/ETH
• Ambient/Tempest: rswETH/ETH, rswETH/SWELL
• Morpho: rswETH deposit, ETH borrow
• Euler: rswETH deposit, ETH borrow
• Pendle: rswETH Dec 26, swETH Dec 26, rswETH June 26 (Swell will continue to vote with its EQB to optimize returns for Pendle LPs).
• Derive: rswETHC
• Karak: rswETH
• earnETH
• earnBTC
• Eigenlayer: swETH

FAQ

1. How do I add Swellchain to my wallet?

Swellchain is supported natively on Rabby and Zerion.

For other wallets, you can add Swellchain address as a custom network using the following details:

Chain Name: Swellchain

Chain ID: 1923
RPC URL: https://swell-mainnet.alt.technology

Block Explorer: https://explorer.swellnetwork.io

Alternatively you can connect to the chain via ChainList.

3. How can I claim my Voyage airdrop on Swellchain?

All unclaimed SWELL from Wavedrop 1 and the Voyage will be migrated to be claimed on Swellchain on the date of Wavedrop 2 distribution, currently expected before January 10th.

Claims will temporarily close for around 48 hours before this as the migration takes place.

4. How can I claim my Wavedrop 1 on Swellchain?

All unclaimed SWELL from Wavedrop 1 and the Voyage will be migrated to be claimed on Swellchain on the date of Wavedrop 2 distribution, currently expected before January 10th.

Claims will temporarily close for around 48 hours before this as the migration takes place.

5. Will the loyalty multipliers continue from the previous Wavedrops? 

Yes, however the multipliers will not be restored in Wavedrop 3 (starting December 17th), and only from Wavedrop 4. 

6. How long do I have to move assets out of the Pre-Launch?

There is no time limit. 

Got questions?

Ask the team in the Swell Discord server.
‍

‍
‍