Swell L2 connects apps to AVS's to unlock new yield opportunities for restakers.
As a depositor in the Swell L2 Pre-Launch, you're eligible to collect an airdrop from Swell on the launch of Swell L2, and additional airdrops from ecosystem projects building on Swell L2 — including top-tier DeFi protocols and up-and coming AVS's.
Today, we're introducing a new way to track your eligibility for these airdrops: Ecosystem Points.
Here's what you need to know:
- Ecosystem Points represent your share of all Swell L2 ecosystem airdrops.
- You can track your Ecosystem Points on the Swell L2 page in the app.
- swETH, rswETH, and approved derivatives of these tokens earn Ecosystem Points at a 1.5x multiplier.
Ecosystem projects
Protocols building on Swell L2 include:
- Brahma
An on-chain interface, Brahma enables automated and batched execution to manage multiple positions at once, with straightforward access to Swell L2 through chain abstraction. Brahma Console will provide a single interface for navigating Swell L2, secured by Safe.
- Ambient Finance
Launched in 2023, Ambient is a leading DEX on Blast, Scroll, Canto, and Ethereum.
- Ion
Built specifically for staked and restaked assets, Ion unlocks restaked liquidity to enable a range of strategies from leveraging staking yield to hedging.
- Jigsaw
A CDP-based stablecoin protocol that offers dynamic collateral management, Jigsaw enables users to move collateral between whitelisted protocols and assets and borrow the overcollateralized stablecoin jUSD.
- Sturdy Finance
A decentralized lending network, Sturdy offers isolated lending with shared liquidity, giving users access to high-yield lending and interest-free borrowing.
- GammaSwap
The first onchain perpetual options protocol, GammaSwap creates positions by borrowing liquidity from Automated Market Makers (AMMs), offering leverage on any token without the need for an oracle.
- Ditto
An execution network in the form of an EigenLayer AVS, Ditto enables protocols and individuals to execute workflows under predefined conditions in a secure and trustless manner.
- Drosera
The security automation layer for operators and protocols, dApps on Swell L2 will be able to bolster security with Drosera's decentralized incident response technology, which leverages hidden security intents to contain and mitigate exploits.
And more yet to be announced...
FAQ
When did Ecosystem Points start accruing?
Ecosystem Points began accruing when the Pre-Launch opened on April 10th, 2024.
How are Ecosystem Points calculated?
Ecosystem Points = ETH value of deposit x number of days x 4
For example, if you deposit 2 ETH worth of swETH in your wallet for 100 days, you will get 800 Ecosystem Points.
Which assets get a 1.5x multiplier?
The multiplier for swETH, rswETH, and derivatives of these assets listed below is 1.5x (6 Pearls per ETH value per day).
- mswETH
- rswETH/swETH Pendle PTs
- Lyra rswETHC
- Symbiotic DC_swETH
When will the airdrops happen?
Swell will airdrop to Pre-Launch depositors on the launch of the L2.
The scheduling of other airdrops will depend on the ecosystem project.
How often do Ecosystem Points update?
Every 24 hours.
Are Ecosystem Points different from Black Pearls?
Yes.
Black Pearls are earned in Swell City for holding and using swETH/rswETH in DeFi.
Ecosystem Points are earned for depositing in the Swell L2 Pre-launch.
