Kelp DAO launches Gain powered by Kelp, enabling one-click participation across multiple L2s and DeFi protocols to earn diversified yields
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Kelp DAO launches Gain powered by Kelp, enabling one-click participation across multiple L2s and DeFi protocols to earn diversified yields
Gain powered by Kelp allows users to optimize their yield strategy with a single click, eliminating the need to manage separate positions.
Navigating Web3 tides with focused insightsOn August 13, 2024, leading liquid restaking platform Kelp DAO launched its latest product Gain powered by Kelp, designed to lower user barriers for participating in various L2 and DeFi projects. Through self-custody models, simplified operations, and intelligent management, it better captures potential yield opportunities across the market, helping users achieve more diversified returns.
Let’s dive into how Gain powered by Kelp works, its ecosystem partners, and detailed participation methods.
About Gain by Kelp
At its core, Gain by Kelp is a vault project.
A vault is essentially a smart contract that automatically deploys assets and executes tasks according to predefined yield strategies.
In the design of Gain powered by Kelp:
Strategy managers define the yield strategies included in the smart contract, allocate vault deposits among these strategies, and regularly adjust allocations based on market conditions to reduce risk and maximize vault returns. As a key partner of Kelp, Tulipa Capital will serve as the strategy manager, delivering secure and high-yield strategy management for users.
For users, Gain powered by Kelp eliminates the need to manage individual positions. With just one click, users can optimize their yield strategy and unlock greater growth opportunities across multiple L2 and DeFi projects—significantly lowering participation barriers and freeing users from complex on-chain information and cumbersome operations.
Notably, Kelp’s vaults are non-custodial, support instant withdrawals, and offer full transparency of asset deployment, further alleviating user concerns about asset security. As Kelp’s infrastructure partner, August will assist in building the vault’s smart contracts.
Earn More L2 and DeFi Yields by Participating in Airdrop Gain by Kelp DAO
Supported Assets:
- Native ETH
- rsETH from Kelp DAO
- ETHx from Stader Labs
- stETH from Lido Finance
Partners:
- L2 Partners: Linea, Scroll
- Restaking Partners: Karak, EigenLayer
- DeFi Partners: Pendle, Lyra, Splice, Spectra
- Bridge Partners: LayerZero, Across
Operational Workflow:
- Deposit Assets: Users deposit supported assets into the vault on the Ethereum mainnet.
- Mint Liquidity Token: The system issues a liquid token called agETH based on deposited assets.
- Bridge Assets: Deposited assets are bridged to partner L2s to enhance airdrop yields.
- Auto Allocation: Vault strategists automatically adjust asset allocation to optimize airdrop rewards.
- Deploy to Mainnet DeFi: Users deploy their agETH tokens into Pendle and liquidity pools to earn both mainnet DeFi yields and partner L2 rewards.
Why Participate in Airdrop Gain by Kelp DAO?
First, users gain access to professional yield strategies, enabling efficient participation and diversified returns from major L2 and DeFi ecosystems.
Second, for average users with smaller capital sizes, Airdrop Gain by Kelp DAO significantly reduces gas fees and the time and effort required for position management.
Most importantly, it’s simple and low-barrier—users don’t need to understand complex DeFi strategies or operational guides. Participation requires just one click.
Additionally, the agETH received upon deposit unlocks further liquidity. Users can leverage agETH within the Pendle ecosystem to earn yield and airdrop opportunities via PT tokens. They can also access DeFi opportunities on core markets of Kelp’s partner L2s (such as Lyra, Spectra, Splice, etc.). As the partnership network expands, agETH will unlock even more future opportunities.
Rewards Available to Users:
- Restaking Rewards: 3x Karak points; 1x EigenLayer points
- L2 Rewards: 15% extra acceleration (1.38x Linea LXP-L points); top-tier Scroll Marks rewards
- Bridge Rewards: 125,000 ACX token pool
- 3x Kelp Miles
- DeFi rewards coming soon!
With over $1 billion in TVL and more than 44,000 restakers, Kelp has consistently been at the forefront of innovation in liquid restaking, creating enhanced utility for its liquid restaking token (LRT) rsETH. The launch of Gain powered by Kelp exemplifies Kelp’s commitment to “delivering richer yield compositions for users.” Interested users are encouraged to participate.
Going forward, KelpDAO will continue expanding its ecosystem partnerships and launching innovative, utility-driven products to provide users with broader multi-chain support and improved liquidity.
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