Shell is a next-generation DeFi hub for users & builders. Shell v2, which was released recently, is built on two innovations: Proteus, an AMM engine, and the Ocean, a shared multi-token ledger for composing DeFi primitives. We have posted about Shell many times during the last couple of months, though we are taking a deeper look into it since the $SHELL token is confirmed and this recent tweet is somehow telling us an airdrop is on the way.
What to do?
✅ Hold Toucan NFTs
✅ Provide Liquidity & Earn Shell Points
✅ Participate in the Governance
✅ Get Involved in the Community
✅ Hold Toucan NFTs
Government Toucans are a collection of Arbitrum NFTs released by Shell Protocol on April 2022. Holding a Toucan gives you Quota to earn Shell Points.
Link: https://stratosnft.io/collection/government-toucans
✅ Provide Liquidity & Earn Shell Points
1. Earn Quota:
Quota is a cap on how many Shell Points you can earn from wrapped/LP tokens. If you have quota, you will see it in the "Balance / Quota" column of your Shell Points screen, listed as "X / Y" (where Y is your quota).
Quota was initially issued to Shell v1 LPs and toucan holders on September 9, 2022. If you don’t have quota, follow the announcements for the next community events and you will have more chances to get started.
2. Provide liquidity to earn Shell Points:
If you have quota, wrap and LP into Shell v2 to start earning Shell Points. To provide liquidity, swap your tokens (ETH, USDT, DAI, USDC, WBTC) to Shell’s wrapped tokens with the ‘sh’ prefix (e.g. shUSDC) and LP tokens.
To check your points, switch to the Shell Points tab.
✅ Participate in the Governance
Shell Protocol adds its proposal on Snapshot. Toucan holders have voting power based on their amount of NFTs.
Link: https://snapshot.org/#/shellprotocol.eth
✅ Get Involved in the Community
Join Discord and get engaged with the community, so you don’t miss any opportunity to get quota and eventually Shell Points.
Discord: https://discord.gg/shellprotocol
Disclaimer: Alpha Drops never provides financial advice, and does not guarantee any airdrops and free money. Always DYOR! We also never encourage Sybil attacks and airdrop farming.
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