Kelp DAO Launches Innovative Kelp Gain Vaults Program
Introduction to Kelp Gain Vaults
Kelp DAO has launched the Kelp Gain Vaults Program, a pioneering initiative designed to maximize the earning potential of airdrops and rewards on Layer 2 networks. This program provides a unique opportunity for users to access multiple Layer 2 airdrops through a single, diversified strategy.
Streamlined Access to Rewards
The Kelp Gain program allows users to engage with various rewards strategies effortlessly. It features the Airdrop Gain Vault, which simplifies participation in airdrop opportunities across multiple Layer 2 protocols. Users can benefit from these without managing individual positions, ensuring a seamless experience.
Smart Contracts for Optimization
The vaults utilize smart contracts to strategically deploy assets, maximizing airdrops and rewards. By depositing their assets into the vault, users receive a synthetic token in return. These assets are then allocated to curated reward opportunities, with periodic adjustments to optimize returns and mitigate risks. This approach offers comprehensive access to Layer 2 airdrops while leveraging the composability of DeFi with synthetic tokens.
Enhanced Yield Opportunities
Participants can deposit assets like ETH or rsETH, which are bridged to partner Layer 2s to boost airdrop potential. The vault also integrates with mainnet DeFi yields, allowing users to engage in various DeFi strategies via a single synthetic token, agETH. Further yield enhancements are possible with the synthetic reward-bearing token, deployable on platforms like Pendle for fixed yields and airdrop speculation.
Strategic Partnerships
The Kelp Gain Vaults launch is supported by strategic collaborations. August, an institutional-grade platform for crypto, provides the smart contract infrastructure. Tulipa Capital acts as the lead strategy partner, with partnerships spanning Linea, Karak, Scroll, Pendle, and several decentralized exchanges. This initiative signifies a shift towards automated reward management and investment strategies in the crypto space.
About Kelp DAO
Kelp DAO is a leading liquid restaking protocol with over $1 billion in total value locked as of June 2024. It manages a substantial amount of ETH across numerous restakers and networks, pioneering liquid restaking solutions in the DeFi ecosystem.
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