Monolith's swanUSD stablecoin is live with SWAN airdrop for yCRV holders
Monolith has launched swanUSD, a DAO-governed stablecoin backed by wstETH, going live on Thursday, 22 October at 16:00 UTC. Yearn confirmed the launch to its community, telling yCRV holders and stakers that eligible wallets must hold swanUSD for a week to qualify for the SWAN airdrop.
- Monolith positions swanUSD as "a dollar for black swan events," governed by a SWAN DAO.
- 100,000 SWAN (1% of supply) will be distributed equally across qualifying wallets.
- Airdrop eligibility requires holding swanUSD for one week; claim details are in Monolith's launch announcement.
Sources
- Hey yCRV holders and stakers, swanUSD is live and there's a SWAN airdrop for eligible wallets if you hold swanUSD for a week. Details from @MonolithMarket below. https://t.co/CmdH768eOyx.com ↗
- 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/i2HIu8vFhgx.com ↗
