Loading...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.
Other than rsETH, Kelp has launched Gain Airdrop Vault. Gain is introducing a smart vault that enables users to farm multiple airdrops at the same time, including Eigen, Scroll, Linea, Karak, etc.
What makes it unique and sets it apart from other similar vaults is the liquid token (agETH) that receives all these airdrops and also enables users to take advantage of DeFi yield opportunities.
What is Kelp Gain?
Kelp Gain is aimed at helping restakers and users enhance their earning potential through a series of automated vaults. These vaults, operating as smart contracts, streamline the process of farming airdrops and rewards by targeting multiple high-quality strategies.
The vaults are non-custodial, allowing users to withdraw at any time with full transparency regarding the deployment of their assets.
Among the primary user benefits are the ability to access multiple airdrops simultaneously, enhanced DeFi access via the liquid token agETH, and substantial gas savings achieved through one-click deployment.
Users deposit their assets into the vault, receiving yield-bearing vault share tokens that represent their position. These assets are then deployed across curated airdrop and DeFi strategies, allowing users to continually accumulate rewards and airdrops over time.
By depositing ETH, staked ETH, or Liquid Staking Tokens (LSTs), users can access dual benefits: Layer 2 (L2) airdrops and mainnet DeFi opportunities.
Kelp is running a points program known as Kelp Miles. Miles are a representation of each user contribution and participation on Kelp and their usage of rsETH within DeFi.
It aims to reward Kelp users fairly and proportionally. TGE happens in a few months, and restakers will be rewarded proportionally to their Miles!
- 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.
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
n/a
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.
