Dubai, UAE, August 13th, 2024,
Chainwire
Kelp DAO, a liquid restaking platform is launching the
‘Kelp Gain Vaults’ Program. The program enhances
earning potential of airdrops and rewards for restakers and users,
being the first project giving access to multiple Layer 2 airdrops
in a single, diversified strategy.
Kelp Gain allows users to benefit from streamlined access to
diverse rewards strategies through a single click. The program will
initially feature the Airdrop Gain Vault, a specialized vault that
simplifies participation in airdrop opportunities across various L2
protocols, without managing individual positions.
The vaults leverage smart contracts to manage asset deployments
and maximize airdrops and rewards. Users deposit assets into the
vault and receive a synthetic token in return. These assets are
then allocated to curated reward opportunities, with periodic
adjustments made by the vault’s strategy manager to optimize
returns and mitigate risks. This approach provides comprehensive
access to L2 airdrops and also utilizes the composability of DeFi
with synthetic token.
"The Kelp Gain Vault is a leap forward in user
experience, reward optimization and leveraging DeFi composability,"
said Amitej G, Co-founder of Kelp DAO. "By focusing on targeted
strategies and integrating with both L2 protocols and mainnet DeFi
yields, we are providing users with a comprehensive, automated
solution to maximize rewards potential. This collaboration with our
range of partners ensures users benefit from streamlined access to
high-growth opportunities with minimal effort."
The Airdrop Gain Vault lets users deposit assets like ETH or
rsETH, which are then bridged to partner L2s to enhance airdrop
potential. The vault also integrates with mainnet DeFi yields,
allowing users to engage in multiple DeFi strategies via a single
synthetic token, agETH. Additionally, users can further enhance
yields with the synthetic reward bearing token that can be deployed
on Pendle and other DeFi protocols for earning fixed yields, and
speculating on airdrops by earning multi-fold points.
The vault is being launched in partnership with August, an institutional grade platform for crypto,
developing the smart contract infrastructure, and Tulipa Capital
acting as the lead strategy partner for the Airdrop Gain Vault,
with L2/ DeFi partners including Linea, Karak, Scroll, Pendle,
Across, LZ, Pendle, Spectra, Lyra and several DEXs. The launch of
Kelp Gain marks an industry wide progression toward automated
reward management and investment strategies.
To access the vault, click this link.
About Kelp DAO:
Kelp DAO is one of the leading liquid restaking
protocols—having crossed $1 billion in TVL in June 2024—with 250k+
ETH under management across 45,000 restakers. Their liquid restaked
token (LRT) was the first to hit the Ethereum mainnet and pioneered
liquid restaking with liquid staking tokens. Currently, Kelp DAO
facilitates liquid restaking for native ETH and LSTs alike across
Ethereum mainnet and 8 L2 networks.
Contact
Head of
Communications
Archana
B
archana@kelpdao.xyz