Kelp DAO currently has a total locked value (TVL) of over $750 million and is sprinting towards $1 billion in TVL. For all investors who join Kelp DAO, the journey will become more meaningful! With this goal in mind, Kelp has launched the "Road to One Billion" campaign, which aims to incentivize re-stakers with additional EigenLayer points.
Click to enter the event page
During the event, in addition to Kelp Miles (Kelp’s own points system, directly related to the base rewards) and EigenLayer points earned from re-staking, Kelp will also provide an additional 5 million EigenLayer points to re-stakers.
For the first 30,000 ETH deposited by Kelp, in addition to the regular EL points, each ETH will receive an additional 100 EigenLayer points.
Starting at 8am PT or 4:30pm UTC on April 2, 2024, all new ETH deposited by Kelp will be eligible for these rewards. This promotion will last for 30 days, or until 70,000 new ETH is deposited, whichever comes first. Please refer to the table below for specific promotion details.
These rewards only apply to rsETH minted on Ethereum mainnet or L2 (Arbitrum and Blast) (LRT for Kelp), redeemed rsETH is not eligible for 5 million EigenLayer points.
Why should you hold rsETH (Kelp’s LRT)?
EigenLayer Points earned by Kelp can also be tokenized and claimed as KEP. KEP is the first tokenized representation of its kind, making EigenLayer Points highly liquid and capable of participating in DeFi. It can be freely transferred, traded, and exchanged.
rsETH enables broad participation in DeFi, including DEXs on mainnet and L2, reward optimizers, vaults, and more. For a full list of DeFi opportunities and partners, click here.
About Kelp
Kelp is a leading liquidity re-staking protocol with over $750 million in total locked value and 25,000+ re-stakers. Users can enjoy re-staking rewards, staking rewards, and more than 20 DeFi opportunities, and Kelp has established more partnerships with the mainnet and L2.
DeFi Rewards: Earn additional DeFi rewards by providing liquidity for re-staked tokens.
Simplicity: Simplifies the complexity of node operator and AVS partner selection for re-stakers.
Efficiency: Managing the high gas costs of claiming and exchanging rewards.
Risk-Adjusted Rewards: The AVS selection framework ensures optimal rewards for re-pledged assets.
Native restaking on L2: Already implemented on platforms like Arbitrum, Manta, Blast, with more coming soon.
