The Swell Wavedrop 1 rewards participants who hold swETH, rswETH, swBTC, or rSWELL and use them in supported DeFi integrations to earn Black Pearls. The first Wavedrop allocates 2% of the total $SWELL supply to Black Pearl holders, with claim windows open for 30 days. Bonus multipliers reward loyalty: consecutive participation increases Black Pearls earned by up to 60%, and maintaining 90% of swETH/rswETH balances boosts rewards by 30%.

Network

Ethereum