Shell Protocol

Shell Protocol is a decentralized exchange (DEX) that facilitates low slippage stablecoin swaps. Shell Protocol utilizes the structure of an automated market maker (AMM) to enable trustless trading through a liquidity pool.

As predicted in our speculative airdrop section, Shell Protocol has airdropped “SHELL” to early LPs. Users will be able to claim the airdrop in the form of CRAB, and it will be convertable into SHELL at the Shell v3 launch.

Step-by-Step Guide:
  1. Visit the Shell Protocol airdrop page.
  2. Connect your Arbitrum wallet.
  3. If you’re eligible, then you will be able to claim CRAB.
  4. Users who’ve earned points during Seasons 1-3 on Shell v2 are eligible for the airdrop.
  5. CRAB will be convertable into SHELL stream NFTs at the Shell v3 launch.
  6. The NFT will then disburse SHELL evenly per block from January 22nd, 2024 to January 22, 2026. Every block, more SHELL tokens will be streamed to your wallet, ready to claim. You can claim these tokens anytime in the Vesting subtab.
  7. For more information regarding the airdrop, see this article.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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