Swell Network: The airdrop will use linear release, and the amount will depend on the number of pearls

2024-06-05 16:26:49
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The LSD protocol Swell Network indicates that the token airdrop for The Voyage event (8% of total supply) will primarily be distributed through a linear release method, with the amount of tokens received depending on the number of Pearls held.

The airdrop distribution will favor long-term community members, with this weighting being distributed in the form of loyalty bonuses, which will be adjusted based on various factors, including the duration of deposits in Swell. Additionally, voting rights in the DAO will be proportional to the amount of SWELL held.

In the first phase of the DAO at the start of the token issuance, the forum governance channel will be opened and Snapshot voting will be enabled. At that time, DAO members will be able to submit proposals related to governance topics and vote on them, including the selection and addition of EigenLayer Active Validation Services (AVS) to Swell L2.

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