Kelp DAO introduces the Kelp Gain Vault, a new program offering integrated Layer 2 access and streamlined airdrop participation. Discover how this innovative approach enhances earning potential and simplifies reward management.
Kelp DAO, a platform focused on liquid restaking, is launching the ‘Kelp Gain Vaults‘ program. This initiative aims to boost the earning potential from airdrops and rewards for restakers and users by providing the first integrated access to multiple Layer 2 (L2) airdrops within a single strategy.
The Kelp Gain Vault simplifies participation in airdrop opportunities by offering a single-click access to diverse reward strategies. The program will initially feature the Airdrop Gain Vault, a specialized vault designed to facilitate participation in airdrops across various L2 protocols without the need for managing individual positions.
The vaults use smart contracts to handle asset deployments and optimize airdrops and rewards. Users deposit assets into the vault and receive a synthetic token in return. These assets are allocated to selected reward opportunities, with the vault’s strategy manager making periodic adjustments to maximize returns and manage risks. This method ensures broad access to L2 airdrops and leverages DeFi composability with the synthetic token.
“The Kelp Gain Vault is a leap forward in user experience, reward optimization and leveraging DeFi composability,” said Amitej G, Co-founder of Kelp DAO. “By focusing on targeted strategies and integrating with both L2 protocols and mainnet DeFi yields, we are providing users with a comprehensive, automated solution to maximize rewards potential. This collaboration with our range of partners ensures users benefit from streamlined access to high-growth opportunities with minimal effort.”
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The Airdrop Gain Vault allows users to deposit assets such as ETH or rsETH, which are then bridged to partner L2s to maximize airdrop potential. The vault also integrates with mainnet DeFi yields, enabling users to participate in various DeFi strategies through a single synthetic token, agETH. Additionally, users can further enhance yields with the synthetic reward-bearing token, which can be utilized on Pendle and other DeFi protocols for fixed yields and airdrop speculation.
The launch of the Kelp Gain Vault is in collaboration with August, a platform specializing in smart contract infrastructure, and Tulipa Capital, the lead strategy partner for the Airdrop Gain Vault. L2 and DeFi partners involved include Linea, Karak, Scroll, Pendle, Across, LZ, Spectra, Lyra, and several decentralized exchanges (DEXs). This launch represents a notable step forward in automated reward management and investment strategies within the industry.
To access the vault, click this link.
About Kelp DAO
Kelp DAO is a prominent liquid restaking protocol, having surpassed $1 billion in total value locked (TVL) as of June 2024. With over 250,000 ETH managed across 45,000 restakers, Kelp DAO is a leader in the industry. It was the first to introduce its liquid restaked token (LRT) on the Ethereum mainnet and has been a pioneer in integrating liquid restaking with liquid staking tokens. Currently, Kelp DAO supports liquid restaking for both native ETH and liquid staking tokens (LSTs) across the Ethereum mainnet and eight Layer 2 (L2) networks.
