Gain powered by Kelp allows users to optimize their yield strategies with a single click, eliminating the need to manage individual positions.

On August 13, 2024, leading liquidity re-staking platform Kelp DAO unveiled its latest product, Gain powered by Kelp. The product is designed to lower the barriers to participating in various L2 and DeFi projects, offering users the ability to capture potential market returns more effectively through self-custody, simplified operations, and intelligent management, thus helping them achieve more diversified earnings.

Let’s explore the operational principles of Gain powered by Kelp, its ecosystem partners, and detailed participation methods.

Understanding Gain by Kelp

At its core, Gain by Kelp is a Vault project. A Vault is essentially a smart contract designed to automatically deploy assets and execute tasks according to pre-defined yield strategies.

In the design of Gain powered by Kelp:

• Strategy Manager Role: The Strategy Manager is responsible for determining the yield strategies contained within the smart contract, allocating Vault deposits among these strategies, and regularly adjusting these allocations in response to market changes. This role aims to minimize risk and maximize Vault returns. Tulipa Capital, a key partner of Kelp, will assume the Strategy Manager role, providing users with secure and profitable strategy management.
• User Experience: For users, Gain powered by Kelp simplifies the process of optimizing yield strategies. With just one click, users can access various L2 and DeFi projects, unlocking more opportunities for growth without the need to manage individual positions. This significantly lowers the entry barrier and frees users from the complexities of on-chain information and cumbersome operations.
• Non-Custodial and Transparent Vaults: Notably, Kelp’s Vaults are non-custodial, allowing users to withdraw their funds at any time. The deployment of assets within the Vaults is fully transparent, further alleviating concerns over asset security. August, Kelp’s infrastructure partner, will assist in building the smart contracts for the Vaults.

Participate in Airdrop Gain by Kelp DAO to Earn More L2 and DeFi Returns

Supported Assets:

• Native ETH
• Kelp DAO’s rsETH
• Stader Labs’ ETHx
• Lido Finance’s stETH

Partners:

• L2 Partners: Linea, Scroll
• Re-staking Partners: Karak, EigenLayer
• DeFi Partners: Pendle, Lyra, Splice, Spectra
• Bridge Partners: LayerZero, Across

Operational Logic:

1. Asset Deposit: Users deposit supported assets into the Vault on the Ethereum mainnet.
2. Minting of Liquidity Tokens: Based on the deposited assets, liquidity tokens (agETH) are issued.
3. Asset Bridging: The deposited assets are bridged to partner L2 networks to enhance airdrop returns.
4. Automatic Allocation: The Vault strategist automatically adjusts the allocation of deposited assets to optimize airdrop returns.
5. Deployment to Mainnet DeFi: The minted agETH can be deployed in Pendle and liquidity pools, allowing users to earn returns from both mainnet DeFi and partner L2s.

Why Participate in Airdrop Gain by Kelp DAO?

First, users can benefit from professional yield strategies, enabling more efficient participation in a wide range of L2 and DeFi projects to earn diversified returns.

Second, for regular users with smaller capital, Airdrop Gain by Kelp DAO helps reduce gas fees and the time and effort required for position management.

Most importantly, the process is simple and low-barrier; users don’t need to worry about complex DeFi strategies or operational guides—participation is just a click away.

Additionally, the liquidity provided by agETH, which is received in exchange for deposited assets, unlocks further opportunities. Users can continue participating in the Pendle ecosystem through agETH, earning returns and airdrop opportunities via PT, while also accessing DeFi opportunities in core markets of Kelp’s L2 partners (such as Lyra, Spectra, Splice, etc.). As Kelp’s partnership network expands, agETH will open up even more opportunities in the future.

Rewards Structure for Users:

• Re-staking Rewards: 3x Karak points; 1x EigenLayer points.

• L2 Rewards: 15% additional boost (1.38x Linea LXP-L points); top-tier Scroll Marks rewards.

• Bridge Rewards: 125,000 ACX token pool.

• 3x Kelp Miles.

• DeFi Rewards Coming Soon!

With over $1 billion in Total Value Locked (TVL) and 44,000+ re-staking users, Kelp has consistently been at the forefront of liquidity re-staking innovation. The introduction of Gain powered by Kelp exemplifies Kelp’s commitment to providing users with richer, more diversified yield opportunities. This product enhances the utility of its liquidity re-staking token (LRT) rsETH and embodies Kelp’s mission to deliver comprehensive yield structures to its users. We encourage interested users to actively participate.

In the future, KelpDAO will continue to expand its ecosystem partnerships and launch more innovative and practical products, offering users greater multi-chain support and improved liquidity.

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