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Kelp DAO logo


Active Retrodrop 🔥
Total Raise: $9,000,000
Date: 01 Nov 2023 - 01 Aug 2024

Kelp restaking protocol aims to provide EigenLayer users with liquid restaking solutions. It allows them to earn rewards from staking and restaking simultaneously while still maintaining ownership of their funds via minting rsETH - Liquid Restaking Token (LRT). 

It is the first staking protocol to offer liquidity to EigenLayer points, enabling users to trade points and even provide them into LPs in the form of the Kelp Earned Points - $KEP. 

On the 22th May 2024, the project closed a Private token sale round, raising over $9M from the leading funds and backers including DWF Labs, Hypersphere Ventures and others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Kelp DAO Overview

Ticker: KELP
Country: N/A
Industry: Blockchain Service
Founded: 2023
Whitelist: No
Blockchain Network: Ethereum, Arbitrum, Optimism, Mode, Base, Linea, Blast, Scroll
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: Yes

Kelp DAO Review

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 liquidy 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.

🪙Kelp DAO token: On the 22th May 2024, the Kelp DAO’s founder, Amitej Gajjala, confirmed its plans to release its governance token $KELP, along with announce of the private $KELP token sale 

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 $972M worth of TVL;
  • Great product’s design;
  • The protocol has a multiple security assessments from tier 2-3 auditors;
  • Strong SEO, SMM, PR and Growth marketing performance;
  • Presence of the reputable bakers invested into 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; 
  • No roadmap presented by the project yet;
  • No tokenomics released by the project’s team yet.

Kelp DAO Token Economy

Total Raise: $9,000,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Kelp DAO Token Sale (ICO & IDO) Rounds

Private: May 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $9,000,000
Lock-Up: N/A
Retrodrop is active now! 🔥🔥🔥 Read More

Kelp DAO Funds and Backers

GSR logo
12 numbers of
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Kelp DAO Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  22 May 2024 Upgrade

Kelp DAO News

Kelp DAO Airdrop & Retrodrop & Bounty

Airdrop for Early Adopters
kelp dao logo
Start Date:
01 Nov 2023
End Date:
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”.

Read More

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