Golden Finance reported that Swell released a Wavedrops update, revealing that 125 million Swell tokens will be released in Wavedrop 3 and there will no longer be points. Only tokens will flow into user wallets through a new reward mechanism, replacing Black Pearls and Ecosystem Points. Starting from December 17th, these points will stop accumulating, and Wavedrop earnings will be tracked on the chain as wSWELL. As with Wavedrops 1 and 2, wSWELL will be earned by holding Swell assets or using approved DeFi protocols, and will be redeemable for SWELL at the end of each Wavedrop, or at an earlier time for a discounted amount.