Kelp DAO, a leading liquidity staking platform, is about to launch "Gain Powered by Kelp", which aims to increase users' earning potential through simplified access to multiple reward strategies, airdrops and points mechanisms.
Overview
Gain by Kelp is a vault program that provides users with multiple access points to earn rewards from multiple top L2 networks through a single, diversified strategy. By integrating L2 protocols and DeFi rewards, the program simplifies participation in various DeFi strategies without having to manage individual positions.
What is a vault?
Vaults are essentially smart contracts that automate the deployment of assets according to a prescribed reward farming strategy. This is done by strategy managers, whose decisions encompass yield strategies, the allocation of vault deposits among those strategies, and the periodic rebalancing of those allocations. All of this is done to maximize the vault's returns while mitigating risk.
This enables users to easily maximize their returns across a variety of high-growth opportunities with a single click. Kelp's vault is non-custodial, ensuring that users can freely withdraw funds at any time and have full transparency into the deployment of their assets. As Kelp's infrastructure partner, August will assist in building the vault's smart contracts, while Tulipa Capital will be responsible for managing the relevant strategies.
Gain by Kelp DAO Airdrop
Acceptable assets: Ethereum native ETH, Kelp DAOâs rsETH, Stader Labsâ ETHx, and Lido Financeâs stETH
Partners:
L2 partners: Linea, Scroll
Staking partners: Karak, EigenLayer
DeFi partners: Pendle, Lyra, Splice, Spectra
Cross-chain bridge partners: LayerZero, Across
Strategy Manager: Tulipa
Infrastructure partner: August
How does it work?
Asset Deposit: Users deposit assets of their choice into the vault
Minting Liquid Tokens: Issuing Liquid Tokens agETH for Deposited Assets
Asset cross-chain bridge: Deposited assets are cross-chained to partner L2 to increase airdrop benefits
Automatic allocation: The Vault Strategist automatically adjusts the allocation of deposited assets to maximize airdrop benefits
Deploy to DeFi Mainnet: Users deploy the obtained agETH to Pendle and liquidity pool to obtain DeFi Mainnet income and partner L2 income
What are the characteristics?
Receive all L2 airdrops through a single diversified strategy combined with DeFi mainnet earnings, EigenLayer points, and Kelp Miles
Save gas fees for small users and provide position management
Simplify complex DeFi strategies with one click
Use agETH to participate in revenue opportunities
What rewards are available?
Staking incentives: 3x Karak XP, 1x EigenLayer points
L2 Rewards: 15% additional boost (1.38x Linea LXP-L points), top Scroll badge
Cross-chain bridge incentives: 125k ACX token pool 3x Kelp miles
Upcoming DeFi Rewards
About agETH
Users can use vault LP tokens, agETH and Pendle to obtain fixed income and PT, and speculate on airdrops on YT. In addition, they can also get more DeFi income opportunities on partner L2 core markets such as Lyra, Spectra, Splice, etc.
This article is from a contribution and does not represent the views of BlockBeats
