[Latest News]
According to official news, the staked project Kelp DAO has announced the KERNEL token economics on platform X. The future is full of potential!
1. Project Overview
Kelp DAO is a triple-yield re-staking protocol based on EigenLayer. rsETH is a liquidity re-staking token (LRT) issued by Kelp DAO, designed to provide liquidity for illiquid assets deposited on re-staking platforms (such as EigenLayer).
Tags: DeFi, re-staking, LSD
Established: 2023
2. Financing Situation
May 22, 2024: Kelp DAO completed a $9 million private placement fundraising at a valuation of $90 million. Led by Laser Digital and SCB Digital Ventures, with participation from Bankless Ventures, Hypersphere Ventures, Cypher Capital, GSR, HTX Ventures, and several other institutions and individuals.
3. Token Allocation
The specific token allocation is as follows:
60% of $KERNEL tokens are allocated to the community and ecosystem partners.
Community Rewards and Airdrops: 55%, with 20% of the total supply designated for airdrops, and 35% for future rewards.
Ecosystem and Partners: 5% (including ecosystem partners, market makers, on-chain liquidity, etc.)
Private Sale: 20% (including completed and future private sales)
Team and Advisors: 20%, with team and private sale tokens vesting over 24 months after a 6-month lock-up period post-TGE.
4. Airdrop Details
Season 1 Airdrop (10% of total kernel supply): All users who receive Kelp Miles/Kernel Points between December 12, 2023, and December 31, 2024, will receive an airdrop.
Season 2 Airdrop (5% of total kernel supply): All users who will receive mileage/points between January 1, 2025, and April 30, 2025.
Season 2 Rewards: Re-staking before January 15, 2025, will receive a 15% loyalty boost in Season 2 rewards!
All Season 1 re-stakers are eligible for boosts as they will continue to re-stake in Season 2.
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations in your region. Investment is at your own risk.