You’re invited on a Voyage to become a citizen of the Swell DAO and have the opportunity to collect pearls representing future governance power.

Swell is launching Voyage, a bootstrapping campaign in which the liquid staking protocol will progressively decentralize the decentralized autonomous organization (DAO).

All stakers are invited to join the Voyage and descend into the depths of the ocean to collect valuable pearls. The pearls are primarily earned by staking and providing liquidity and will eventually be redeemable for governance power in the Swell DAO.

By rallying the Ether (ETH) staking community around Swell, Voyage also aims to help reduce the dominance of any single player in the liquid staking market and preserve the qualities of decentralization that make Ethereum valuable.

Joining Swell on Voyage are some of the top names in decentralized finance (DeFi), including Aura, Pendle, Olympus, Tokemak, Alchemix and more, plus popular nonfungible token communities such as Miladys and EVMavericks. Members of these communities who held the relevant assets on the date of a snapshot will be able to collect a bonus of extra pearls for joining Voyage.

Daniel Dizon, founder and CEO of Swell Labs, said:

“The launch of Swell’s Voyage marks an important step towards the maturity of the protocol. We are honored to be joined by our closest allies across LSDFi and look forward to welcoming many Voyagers before eventually enshrining their rights in future protocol governance as citizens of the Swell DAO.”

Since launching in late April, Swell has become one of the fastest-growing liquid staking protocols, amassing more than 13,000 ETH from 4,100+ unique depositors. All early stakers and liquidity providers have already been collecting pearls ahead of the launch.

Find out how to join Voyage on Swell’s blog.

About Swell Network

Swell is a noncustodial Ethereum liquid staking protocol that makes it easy to stake ETH and access DeFi strategies. The protocol is backed by some of the biggest names in DeFi, including Framework Ventures, Maven 11, Apollo Crypto, Mark Cuban and more.