KernelDAO (prev. Kelp DAO) (KERNEL)

Kelp DAO is a multichain liquid restaking platform that focuses on developing new LRT solutions built on the EigenLayer protocol.

It allows users to earn combined returns from Ethereum staking and EigenLayer restaking simultaneously while granting them liquid funds in the form of rsETH Liquid Restaking Tokens. It stands out among other liquid staking protocols with its innovation of bringing liquidity to the EigenLayer points, which are currently the main reward for contributing to the protocol.  

Originally, those EigenLayer points were illiquid and non-transferable. However, Kelp restaking protocol offered a new solution to solve this problem by converting EigenLayer points into $KEP tokens. This approach enables restakers to freely trade and transfer EigenLayer points, as well as provide liquidity to LPs across various DeFi protocols. 

❗️UPD: Due to the EigenLayer snapshot and airdrop phase 1 announcement, the $KEP tokens are no longer transferable. Read more about $KEP tokens updates here.

🤑 $KERNEL is the native token of the Kernel DAO ecosystem, enabling users to participate in platform governance and earn staking rewards, including within the Kelp Protocol.

Considering these factors, along with rising trends of token launches and airdrops from liquid restaking protocols, our team decided to conduct a comprehensive review of the project. During our research, we found some major pros and cons of the Kelp DAO crypto protocol you might want to know before participating into the KelpDAO airdrop:

✅ Kelp DAO pros: 

• The project boasts over $1.12B worth of TVL;
• Great product design;
• 55% of total $KERNEL supply allocated as a community rewards;
• The protocol has multiple security assessments from tier 2-3 auditors;
• Strong SEO, SMM, PR, and Growth marketing performance;
• Presence of reputable bakers invested in the project;
• Large network of partners supporting the project;
• Experienced leadership team. Some of the project’s co-founders previously worked in liquid staking protocol - Stader labs.

📛 Kelp DAO cons:

• None of the top-tier security auditors audited the project;
• Below-the-average Influencer marketing performance;
• Weak marketing infrastructure;
• No TOP-Tier investors.