Kelp DAO Launches Kelp Gain Vaults Program for Enhanced Airdrop Earnings
Dubai, UAE, August 13th, 2024, Chainwire
Kelp DAO, a leading liquid restaking platform, is introducing the revolutionary ‘Kelp Gain Vaults’ Program. This program is set to revolutionize the earning potential of airdrops and rewards for restakers and users. It is the first project to offer access to multiple Layer 2 airdrops through a single, diversified strategy.
What is Kelp Gain Vaults Program?
The Kelp Gain Vaults Program offers users a streamlined way to access diverse reward strategies with just a single click. The program will kick off with the Airdrop Gain Vault, a specialized vault that simplifies participation in airdrop opportunities across various Layer 2 protocols without the hassle of managing individual positions.
How Does It Work?
Users can deposit their assets into the vault and receive a synthetic token in return. These assets are then allocated to curated reward opportunities, with periodic adjustments made by the vault’s strategy manager to optimize returns and reduce risks. This innovative approach provides comprehensive access to Layer 2 airdrops and utilizes the composability of DeFi with synthetic tokens.
Benefits of Kelp Gain Vaults Program
By leveraging smart contracts to manage asset deployments and maximize airdrops and rewards, the Kelp Gain Vaults Program offers a leap forward in user experience, reward optimization, and DeFi composability. Users can deposit assets like ETH or rsETH and bridge them to partner Layer 2 networks to enhance airdrop potential. Additionally, users can engage in multiple DeFi strategies via a single synthetic token, agETH, and further enhance yields with synthetic reward-bearing tokens for fixed yields and speculating on airdrops.
Partnerships
The Airdrop Gain Vault is being launched in collaboration with August, an institutional-grade platform for crypto, and Tulipa Capital as the lead strategy partner. The program has partnered with various Layer 2 and DeFi platforms to provide users with streamlined access to high-growth opportunities with minimal effort.
Conclusion
The launch of Kelp Gain Vaults Program signifies a significant industry-wide progression towards automated reward management and investment strategies. With its innovative approach to airdrop earnings and rewards, Kelp DAO is paving the way for a new era in DeFi and crypto investments.
About Kelp DAO
Kelp DAO is a leading liquid restaking protocol that has surpassed $1 billion in Total Value Locked (TVL) in June 2024. With over 250k ETH under management and 45,000 restakers, Kelp DAO is at the forefront of liquid restaking technologies. Their liquid restaked token (LRT) was the first to hit the mainnet and continues to pioneer liquid staking with liquid staking tokens across Ethereum mainnet and 8 Layer 2 networks.
For more information, contact:
Archana B
Head of Communications
archana@kelpdao.xyz
This article was originally published on Chainwire