Kelp DAO relaunches the "Road to One Billion TVL" campaign—participate in restaking to win generous rewards
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Kelp DAO relaunches the "Road to One Billion TVL" campaign—participate in restaking to win generous rewards
Welcome everyone to join the second phase of the "Road to 10 Billion TVL" campaign, embarking together on a new exciting journey!
Navigating Web3 tides with focused insights
During the first phase of the "Road to One Billion TVL" campaign, Kelp DAO successfully incentivized restakers by offering an additional 5 million EigenLayer points, driving significant participation and resulting in approximately 50,000 ETH being restaked through Kelp.
We sincerely appreciate the community's enthusiastic support and active engagement. Given the tremendous success of Phase 1, Kelp DAO is excited to relaunch the "Road to One Billion TVL" campaign with even more attractive rewards.
Let’s dive into the details of this new campaign!
Campaign Period
April 26, 2024 – May 5, 2024
Rewards
All depositors of ETHx, stETH, and ETH during the campaign period will receive the following rewards:
- An extra 100 EigenLayer points for every ETH restaked
- The first 100 restakers will receive rsETH worth $50,000 in total
- 1x EigenLayer points reward
- 1x Kelp Miles reward (linked to future KELP token airdrops)
- Access to 40+ DeFi yield opportunities across multiple mainnets and L2 ecosystems
Note: The $50,000 worth of rsETH will be evenly distributed among the first 100 restakers upon campaign completion—each receiving $500 worth of rsETH.
Additionally, Kelp DAO is pleased to announce that rsETH withdrawals will be ready by May 3, 2024! You’ll be able to unstake rsETH and withdraw your LSTs. After LST withdrawal becomes available, native ETH withdrawal will follow.
Join us in Phase 2 of the "Road to One Billion TVL" campaign and embark on an exciting new journey together!
Click here to join the campaign
About Kelp DAO
Kelp DAO is a leading liquid restaking protocol that enables users to earn restaking rewards, staking yields, and access over 40 DeFi partner yield opportunities. It currently boasts over $850 million in TVL (Total Value Locked) and more than 40,000 active restakers.
- DeFi Rewards: Earn additional DeFi incentives by providing liquidity with restaked tokens.
- Simplicity: Simplifies the complexity of selecting node operators and AVS partners for restakers.
- Efficiency: Reduces high gas costs associated with claiming and swapping rewards.
- Risk-Adjusted Rewards: An AVS selection framework ensures optimal reward generation for restaked assets.
- Native Restaking on L2s: Already live on Arbitrum, Manta, Blast, and more platforms coming soon.
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