Guide to hunting thousand-dollar airdrops on Swell's Layer 2

1. Swell Layer 2

Swell, the Liquid Restaking Token protocol has announced the upcoming launch of Swell Layer 2, known as Restaked Rollups - a concept previously proposed by AltLayer.

With the launch of a specialized Layer 2 for Restaking, Swell aims to become a Layer 2 focused on Restaking and Restaking-fi in the future.

Some interesting features of Swell's Layer 2 include:

- Swell's execution layer will utilize zkEVM technology, supported by the Polygon CDK.

- The data availability layer will be supported by EigenDA.

- Leveraging security features from Ethereum.

With these characteristics, it's evident that Swell's Layer 2 is a Modular Blockchain Layer 2 - a concept that has been increasingly discussed recently.

Additionally, Swell operates with two main types of tokens:

- rswETH: A token used for transaction fees on the network, with Swell's own LRT becoming a means of payment for transaction fees. This incentivizes and increases the utility value of rswETH.

- Swell: The primary token to be launched in Swell's near future, used for network governance and important decisions. The project also plans to launch its token in Q3.

2. Hunting valuable Airdrops with Swell's Layer 2

Althought Swell has announced its Layer 2 and underlying infrastructure, its Layer 2 is currently not yet on the mainnet and is only in the Early-Access stage. Users can still deposit assets and receive future airdrops from projects with specific projects as follows:

Step 1: Access the link https://app.swellnetwork.io/swell-l2 , deposit assets into Swell.

Currently, Swell supports various types of assets such as rswETH, swETH, ETH, wETH, eETH (etherfi ETH), ezETH (Renzo ETH), stETH (Lido), STONE (Stakestone ETH), ALT, etc.

With its diverse range of supported assets and many interesting features, Swell has attracted nearly $200 million USD in deposits despite being launched for less than 10 days.

At the current stage, users depositing assets into Swell will receive the following attractive benefits:

- Airdrops from the $SWELL token in the future. This will be a separate airdrop, distinct from Swell's previous Pearl farming campaign.

- Airdrops from projects built on SWELL, with some quality projects already confirmed such as Ion Protocol, Ambient Finance, Brahma, and many more soon to be announced. Notably, all three projects announced are reputable and have successfully raised funds from prestigious VCs in the industry.

- Sharing 1 million EigenLayer Points in the first 4 weeks for all depositors into Swell and not withdrawing until Swell launches its token (Q3/2024).

- Still receiving original interest and points from the deposited assets. For example, depositing ezETH into Swell L2 will still earn Renzo Points and interest from LRT as usual.

*Swell has attracted nearly $200 million in a short time*

Additionally, developed by Restaked Rollup from AltLayer, Swell L2 will have a Tri-Staking mechanism.

In simpler terms, when Swell L2 is on the mainnet, users can stake 3 types of assets including $SWELL, $ALT, and $rswETH.

3. Conclusion

Swell can be considered one of the most prominent projects in the Liquid Restaking space. With the launch of Restake Rollup and the ambition to build a specialized L2 for Restaking-fi, Swell faces competition but has opportunities for the future.

Especially as a Modular blockchain L2, Swell leverages many opportunities and optimizations from this fundamental aspect. With integration into Polygon's AggLayer, Swell is expected to easily tap into and connect with liquidity sources in the Polygon ecosystem.

Moreover, the project has received sponsorship from Polygon Labs, and the opportunity to hunt for Airdrops from Swell is also noteworthy. In the future, there may be more projects announcing airdrops for depositors into the Swell L2 network.

With these foundations and advantages, it wouldn't be surprising to see the $SWELL token's TGE to the public with a billion-dollar valuation. However, at this time, the Liquid Restaking protocols and multi-project airdrop opportunities are diverse, so individuals need to consider and have specific strategies to optimize profits and minimize risks for themselves.

These are the details about Swell L2, one of the first Restake Rollups in the market.

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