Swell

The Voyage campaign, in which we could farm white pearls, has already ended. You can get rewards for it. Now there is a Wavedrops campaign, which consists of 7 waves. Each wave will last 10 weeks, during which we can farm black pearls for hold swETH/rswETH. A total of 8% of the total supply of tokens is allocated for the 7 waves.

1. Follow the links (1, 2) and see where you can buy swETH/rswETH.

2. Buy swETH/rswETH (if you want to participate in the campaign. Not a financial advice!):

3. Check out the list of protocols where you can hold swETH/rswETH and start farming black pearls:

Additional Information:

The amount of SWELL in your bimonthly Wavedrop is determined by the amount of Black Pearls you hold and your boost. Black Pearls are earned according to this calculation:

Black Pearls = ETH value of swETH/rswETH held x number of days x 4

For example, if you hold 2 swETH in your wallet for 30 days, you will get 240 Black Pearls.

The standard multiplier for swETH/rswETH used in DeFi is 1.5x (6 Pearls per ETH value of swETH/rswETH per day)

Note that Black Pearls are calculated based on ETH value, rather than swETH/rswETH.

Further multipliers may be applied to these numbers to boost the earning of Black Pearls in certain approved DeFi protocols.