Loading...What is Kelp DAO?
KelpDAO is a Liquid Restaking Protocol where users can deposit their ETH or LSTs and mint rsETH, the Liquid Restaked Token (LRT) issued by Kelp DAO. rsETH is designed to offer liquidity to illiquid assets deposited into restaking platforms such as EigenLayer.
It aims to address the risks and challenges posed by the current offering of restaking, such as setting up all the ETH deposited into Kelp to be restaked in Eigenpods, taking care of the due diligence of every AVS and Operators, and assessing which of these services yield the best returns with the lowest possible risk.
Kernel DAO Airdrop Details
The Kernel DAO airdrop marks the conclusion of Season 1, which ended on December 31, 2024. The airdrop allocates 10% of the total $KERNEL token supply to reward users who participated during Season 1. This distribution represents a significant milestone for the project as it transitions to token-based governance.
To ensure fair distribution, Kernel DAO partnered with human.tech by Holonym to conduct Sybil analysis, effectively filtering out fake accounts and ensuring rewards go only to genuine participants. Users who earned at least 150 Kernel Points or Kelp Grand Miles during Season 1 (with approximately 0.04 ETH or $100 USD worth of ETH restaked) qualify for a minimum reward of 100 $KERNEL tokens per eligible wallet. For wallets that didn’t meet the minimum points requirement, Season 1 points will be transferred to Season 2, providing another opportunity to qualify for future airdrops.
Latest Update: Binance has announced a Megadrop event for KernelDAO (KERNEL), offering crypto enthusiasts an opportunity to earn airdrop rewards through a combination of BNB locking and Web3 quest completion. The initiative allocates an impressive 40,000,000 KERNEL tokens, representing 4% of the total token supply, exclusively for Megadrop participants.
How to Claim Your Kernel DAO Airdrop
- Visit the official Kernel DAO airdrop claim page.
- Connect your Ethereum wallet (make sure it’s the same wallet you used during Season 1)
- Sign the verification message to authenticate your wallet address
- Review your eligibility status and potential reward amount
- If eligible, you will be able to claim free KERNEL
How to participate in Kelp airdrop? (Expired)
- Visit the Kelp DAO airdrop page.
- Connect your wallet.
- Deposit one or more of the following assets into the Airdrop Gain vault:
- ETH
- stETH (Lido’s LST)
- ETHx (Stader’s LST)
- rsETH (Kelp’s LRT)
- Upon deposit, the vault issues agETH, a liquid ERC-20 token representing your staked assets.
- The deposited assets are bridged to partner L2 networks (Scroll, Karak, Linea), making them eligible for airdrop opportunities.
- The agETH token can be deployed into Pendle on the mainnet, allowing you to earn additional DeFi yields.
- To withdraw your assets:
- Go to the ‘Withdraw’ section and enter the amount of agETH to withdraw.
- Click on ‘Withdraw’ and approve the transaction in your wallet.
- Your assets will be transferred in rsETH within 3-4 days.
- Users will be able to earn free Linea, Scroll, Karak, Kelp, EigenLayer and August points, with support for more rewards coming soon.
Kelp Introduces Kernel Points: A Unified Rewards System
Kelp is transforming Kelp Miles into Kernel Points, a crucial step toward the $KERNEL Token Generation Event (TGE). This transition unifies Kelp, Gain, and Kernel DAO under a single system, providing users with:
- Governance rights across all three entities.
- Undiluted value for contributions.
- Expanded utility for the upcoming $KERNEL token.
The conversion follows a fixed rate of 1 Kernel Point = 1 Grand Kelp Mile (1,000 Kelp Miles).
How Kernel Points Work and What’s Next
Kernel Points serve as proof of support, measuring individual contributions and directly influencing the share of $KERNEL received at TGE—more points mean a larger allocation.
In the coming weeks, Kelp will provide further updates on:
- Reallocation of Kelp Miles (now Kernel Points) across different protocols.
- Enhanced incentives and earning opportunities.
- New strategies to maximize rewards before TGE.
- Special programs designed to boost Kernel Points accumulation.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!Estimated Value
n/a
Tokens per Claim
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Max. Participants
Unlimited
- Total value: n/a
Kelp DAO doesn’t have their own governance token but has launched a points program called Kelp Miles and hinted at rewarding users. To start earning Kelp miles and EigenLayer points, stake ETH or other LSTs like stETH or provide liquidity to the rsETH pools. Users who collect Kelp Miles will likely get an airdrop if they launch their own token.
- Visit the Kelp DAO website.
- Connect your Ethereum or Arbitrum wallet.
- You will need ETH or other LSTs like stETH, ETHx or sfrxETH. You can get ETH on Binance.
- Now stake it on Kelp DAO.
- You will get Kelp DAO’s liquid staking token rsETH.
- You will now start earning yield as well as Kelp Miles and EigenLayer points.
- Also, click on “DeFi” and provide liquidity to one of the available rsETH pools to earn more Kelp Miles.
- Go to “Dashboard” and refer your friends to earn 10% Kelp Miles from each referral.
- They’ve also launched a non-governance token called “KEP” for users to convert their EigenLayer points to a tradable token. For more info regarding KEP, see this tweet.
- They don’t have a governance token yet but have hinted at rewarding users who collect Kelp Miles.
- So, the users who collect Kelp Miles will likely get an airdrop if their token goes live.
- You can also sell or buy points at Whales Market to likely earn big money based on speculation.
- You could also become eligible for the EigenLayer speculative airdrop for earning EigenLayer points.
