Kelp DAO, a leading liquid restaking platform, has unveiled its latest innovation, the Kelp Gain Vaults Program. This groundbreaking initiative aims to significantly enhance the earning potential of airdrops and rewards for users, setting a new standard in the DeFi ecosystem by being the first project to offer integrated access to multiple Layer 2 (L2) airdrops through a single, diversified strategy.
Kelp Gain Vaults are designed to streamline the process of earning rewards by providing users with a simplified, one-click access to a variety of reward strategies. At the heart of this program is the Airdrop Gain Vault, a specialized vault that simplifies the often-complex task of participating in airdrop opportunities across various L2 protocols. This vault is particularly beneficial for users who want to maximize their returns without the need to manage multiple individual positions.
Smart Contract-Powered Efficiency
The Kelp Gain Vaults leverage advanced smart contracts to manage asset deployments effectively, ensuring that users can maximize their airdrops and rewards. When users deposit assets into the vault, they receive a synthetic token in return, representing their share of the vault.
These deposited assets are then strategically allocated to curated reward opportunities, with periodic adjustments made by the vault’s strategy manager to optimize returns and mitigate risks. This approach not only provides comprehensive access to L2 airdrops but also takes advantage of the composability of DeFi through the use of synthetic tokens.
Amitej G, Co-founder of Kelp DAO, said, “The Kelp Gain Vault is a leap forward in user experience, reward optimization and leveraging DeFi composability. By focusing on targeted strategies and integrating with both L2 protocols and mainnet DeFi yields, we are providing users with a comprehensive, automated solution to maximize rewards potential. This collaboration with our range of partners ensures users benefit from streamlined access to high-growth opportunities with minimal effort.”
Maximizing Yields through Strategic Partnerships
The Airdrop Gain Vault allows users to deposit assets such as ETH or rsETH, which are then bridged to partner L2s to enhance the potential for airdrops. The vault’s integration with mainnet DeFi yields enables users to engage in multiple DeFi strategies via a single synthetic token, agETH. Moreover, users can further boost their yields with a synthetic reward-bearing token that can be deployed on platforms like Pendle and other DeFi protocols to earn fixed yields and speculate on airdrops by accumulating multi-fold points.
Kelp DAO’s innovative approach is bolstered by key partnerships. The vault’s smart contract infrastructure has been developed in collaboration with August, an institutional-grade platform for crypto, while Tulipa Capital serves as the lead strategy partner for the Airdrop Gain Vault. Additional L2 and DeFi partners include Linea, Karak, Scroll, Pendle, Across, LZ, Spectra, Lyra, and several decentralized exchanges (DEXs). These collaborations underscore Kelp DAO’s commitment to driving industry-wide progress towards automated reward management and investment strategies.
A Milestone in DeFi
The launch of the Kelp Gain Vaults marks a significant milestone not just for Kelp DAO but for the DeFi ecosystem as a whole. It represents a shift towards more automated and efficient reward management systems, allowing users to capitalize on high-growth opportunities with minimal effort.
Kelp DAO is a pioneering force in the liquid restaking sector, having surpassed $1 billion in Total Value Locked (TVL) as of June 2024, with over 250,000 ETH under management across 45,000 restakers. The platform’s liquid restaked token (LRT) was the first to launch on the Ethereum mainnet, pioneering the concept of liquid restaking with liquid staking tokens (LSTs).
Kelp DAO currently supports liquid restaking for native ETH and LSTs across the Ethereum mainnet and eight L2 networks. The introduction of the Kelp Gain Vaults is poised to further cement Kelp DAO’s position as a leader in the DeFi space, offering users unparalleled access to rewards and investment opportunities in the rapidly evolving blockchain ecosystem.
