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Kelp DAO
Airdrop for Early Adopters
Active
01 Nov 2023 - 01 Aug 2024
Kelp DAO is a leading liquid restaking protocol with over $960M worth of TVL. It is designed to provide users with liquid solutions for EigenLayer staking by developing its own Liquid Restaking Token, rsETH, and liquid EigenLayer points, $KEP.
On May 22nd, 2024, along with the announcement of the Private funding round, the protocol’s founder, Amitej Gajjala, confirmed their plans to release its governance $KELP token “soon”.
CoinLaunch Score:
Last update:
High
22 May 2024
Kelp DAO - Airdrop for Early Adopters Overview
start date:
01 Nov 2023
end date:
01 Aug 2024
Reward Distribution:
07 Aug
More about Kelp DAO
Reward
N/A
Winners:
N/A
How to join Kelp DAO - Airdrop for Early Adopters ?
To participate in the KelpDAO airdrop, you need to start earning Kelp Miles points by acquiring and restaking one of these assets: ETH, stETH, xETH, or sfrETH.
In exchange for providing funds, you will receive the platform's liquid staking token, rsETH, which you can use in multiple DeFi applications across different chain networks to earn additional APR and Kelp Miles points, as well as potentially participate in other protocols’ airdrops.
The main Kelp miles multipliers are:
- 4x Kelp points multiplier: You can earn up to the 4x faster Kelp miles points by providing rsETH to the WETH-rsETH LP on Balancer and ETH-rsETH LP on Uniswap.
- Pendle 3.5x Kelp miles multiplier: Kelp DAO protocols provides users with 3.5x Kelp miles multiplier for depositing rsETH to Pendle on Arbitrum chain network. It is the highest points booster for the single-asset rsETH deposits.
- 3x Kelp points multiplier: KelpDAO offers a 3x miles multiplier for providing rsETH into the rsETH-WETH LP on Sommelier and wrsETH-ETH on Nile.
Additionally, you are also able to earn a 3x Kelp DAO points from a single–asset deposit of the drsETH to the DeSyn protocol. - Other Kelp points boosts:While the 4x, 3.5x, and 3x multipliers are rare and barely available for some networks, the 2x and 1.5x multipliers are available for almost every DeFi protocol that supports rsETH deposits.
Since there are many protocols with Kelp 2x and 1.5x multipliers, we won’t cover all of them in this guide. Instead, you can explore all supported DeFi protocols on Kelp’s DeFi page. - Top Kelp DAO restaking routes: Because of the diverse number of protocols and networks supported by Kelp DAO, it can be difficult to explore and research the best rsETH restaking routes on your own. Hence, our team has prepared some of the best and most popular rsETH restaking routes for you:
- Blast + Kelp DAO: Blast is the first L2 network with an Ethereum-native yield. Provide rsETH to the LPs on Thruster, Hyperlock, Juice, and Blasterswap, or make a single-asset wrsETH deposit on Orbit and INIT to start earning 2x Kelp Miles Points + rsETH APR + LP/Deposit APR + Blast points + EigenLayer points.
- Mode + Kelp DAO: Mode is a modular DeFi L2 network built on OP Stack. Provide wrsETH into the WETH-wrsETH LP or deposit wrsETH into Ionic, Ironclad, and Sturdy to start receiving 2x KelpDAO Points + rsETH APR + LP/Deposit APR + Mode Points + EigenLayer points.
- Linea + Kelp DAO: Linea is another L2 Ethereum network built by ConsenSys. Provide wrsETH to the Nile protocols and start earning 3x Kelp DAO points + rsETH APR + Nile APR + Linea points + EigenLayer points.
- Karak + Kelp DAO: Karak is a multi asset restaking protocol. Restake rsETH on Karak to earn Karak XP + rsETH APR + 1x Kelp Points + EigenLayer points.
Step-by-step Guide
Acquire either ETH, stETH, xETH or sfrETH;
Visit the Kelp DAO app;
Restake acquired assets on Kelp;
Mint rsETH in exchange for restaked on Kelp funds;
Use rsETH restaking routes mentioned in our “how to join” block or explore routes and DeFi protocols yourself;
Wait for the Kelp TGE announcement;
Receive your tokens.
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