TechFlow reports that Kelp DAO, a multi-chain liquid restaking platform, will launch its two-week "Super Million Marathon" event at 9:30 PM Pacific Time on May 7, 2024, offering over $1 million in rewards for users who restake via the Ethereum mainnet and L2 networks. Currently, Kelp DAO accepts three assets: native ETH, ETHx from Stader Labs, and stETH from Lido Finance, supporting native minting of rsETH across seven chains.
During the event, users can mint rsETH through networks including Ethereum mainnet, Arbitrum, Optimism, Mode, Linea, Blast, Scroll, and Base. Rewards are divided into five parts: $250,000 worth of USDC provided by Kelp, $50,000 in ARB tokens, $50,000 worth of OP tokens from Optimism, $400,000 in SD tokens from Stader Labs, 4 million additional EigenLayer points, along with more EigenLayer points and Kelp Miles rewards.
Rewards will be distributed after the event concludes on May 21, 2024.
Kelp DAO is a leading liquidity restaking protocol enabling users to earn restaking rewards, staking yields, and returns from over 20 DeFi partners. It currently boasts over $850 million in total value locked (TVL) and more than 40,000 active restakers.
