How to Participate in the Monolith Airdrop

The Monolith Airdrop is currently in progress, with participants urged to follow specific steps to secure their allocation. Below is a concise guide on how to take part in this initiative effectively.

Steps to Participate

Step 1: Check Your Partner Community Positions

Ensure that the wallet you intend to use holds a qualifying position, such as veCRV, vlCVX, yCRV, sdCRV, vlSDT, or staked INV. This wallet address will be used for all subsequent steps.

Step 2: Fund Your Wallet With ETH

To participate, you will need ETH for gas fees and collateral on the Ethereum mainnet. ETH can be purchased on exchanges like Bybit and then withdrawn to your wallet. If you have funds on another network, consider transferring them to Ethereum.

Step 3: Visit the Monolith App

Access the Monolith app and navigate to the swanUSD market, which is set to go live at 16:00 UTC on October 22.

Step 4: Connect Your Wallet

Click on “Connect Wallet” and approve the connection using MetaMask, Rabby, or any other supported wallet.

Step 5: Deposit Collateral and Mint swanUSD

Deposit either ETH or Lido’s wstETH as collateral and borrow swanUSD against it. Choose a debt mode between:

• Free debt: 0% interest, but your position can be redeemed.
• Paid debt: Variable interest rate, not redeemable.

Ensure you mint enough to stake at least 1,000 swanUSD while maintaining a healthy collateral buffer.

Step 6: Stake swanUSD Into sSwanUSD

Stake your swanUSD to receive sSwanUSD either directly in the vault or via the designated SWAN-rewards staking contract. Both methods count towards eligibility for the airdrop.

Step 7: Hold 1,000+ sSwanUSD for Seven Days

Maintain a balance of 1,000+ sSwanUSD for a continuous period of seven days before November 19, 2026. Dropping below this amount will reset your eligibility, so it’s advisable to hold a cushion above the minimum.

Tips for Maximizing Your SWAN Allocation

• Start the streak early: Begin holding during the first week of the 28-day window to allow for unexpected interruptions.
• Stake a buffer above 1,000: To avoid dropping below the threshold due to minor fluctuations, aim to hold at least 1,050 sSwanUSD.

By following these steps and tips, participants can effectively engage with the Monolith Airdrop and ensure they meet the necessary criteria for their allocation.

Monolith Launches Airdrop for New Stablecoin SWAN

Monolith, a decentralized stablecoin factory operating on the Ethereum blockchain, has announced a new airdrop for its upcoming stablecoin, swanUSD. This initiative is aimed at enhancing community engagement and rewarding early adopters who demonstrate commitment to the platform.

About Monolith’s Airdrop

The swanUSD stablecoin, which allows users to create isolated, crypto-backed stablecoins, will officially launch on October 22, 2026, at 16:00 UTC. The qualification period for the airdrop extends for 28 days until November 19, 2026. Users looking to qualify will need to maintain a minimum balance of 1,000 sSwanUSD for at least seven consecutive days.

Distribution Details

Monolith’s airdrop will feature a pool of 100,000 swan tokens, which will be evenly distributed among all verified wallets. This approach means each qualifying wallet will receive the same amount of SWAN, regardless of the total amount of sSwanUSD held, provided they meet the necessary commitment criteria.

Target Audience and Eligibility

The airdrop is specifically targeting users of platforms including Curve, Convex, Yearn, Stake DAO, and Inverse, which align with Monolith’s goal to incentivize existing members of the crypto community. By minting swanUSD against wrapped staked Ether (wstETH), users can stake it and become eligible for the airdrop while diversifying their holdings.

Background on Monolith

Constructed by the team behind Inverse Finance, Monolith aims to empower users by creating a permissionless environment for deploying customized stablecoins. Inverse DAO has allocated a budget of approximately $332,000 for audits and marketing, underlining the project’s dedication to security and community engagement. Monolith successfully passed a code audit contest via Sherlock and is now operational on the Ethereum mainnet.

Conclusion

The upcoming launch of swanUSD presents an exciting opportunity for users within the cryptocurrency space. By actively participating in the platform and taking advantage of the airdrop, users can position themselves favorably in this evolving landscape while exploring the benefits of decentralized finance.