Monolith describes swanUSD as a DAO-governed stablecoin backed by wstETH and positioned for "black swan" events. The airdrop will distribute 100,000 SWAN, 1% of supply, split equally among qualifying wallets across launch partner communities: Curve (veCRV), Convex (vlCVX), Yearn (yCRV), Stake DAO (sdCRV, vlSDT), and Inverse (INV, FiRM stakers, sINV). Eligibility requires holding at least 1,000 sSwanUSD for 7 continuous days within 28 days of launch. sSwanUSD is staked swanUSD earning protocol revenue; holding unstaked swanUSD alone does not qualify.

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2 accounts

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Leviathan +11 h later

INV reaction
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$11.04 → $11.27
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Thread · 1 event
  1. First reportInverse Finance holders eligible for Monolith’s 100,000 SWAN airdrop2 acc.
  2. Leviathan published this article

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Cited posts

  • @yearnfi yearnFirst reportOn X ↗

    yCRV holders and stakers, it looks like there is a new stablecoin with an airdrop in your future. @MonolithMarket launches Swan this Thursday, with a SWAN airdrop for eligible wallets. Learn more in the announcement below. https://t.co/i2HIu8vFhg

  • @InverseFinance InverseOn X ↗

    We're supporting the @MonolithMarket swanUSD launch this Thursday. Eligible INV holders, INV stakers, sINV holders and Monolith sINV collateral users can take part in the shared 100,000 SWAN airdrop. Qualification required; details at launch. https://t.co/aS1ssnS5XB

TradersTrader calls tracked by Elfa · not advice

Positioning · INV

Open1 open position · 1 long · 0 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 2 Oct 22:11 UTC.

Whole crypto market, not this story

Crowding10th percentile · vs last 28 days, 50 typical
Pulse 24h81/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.3% long · 11,153 accounts

As of 21 Oct 00:30 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko post text from Xas of

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