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Kelp DAO launches Gain by Kelp, Gain by Kelp DAO airdrop details

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Kelp DAO’s Gain by Kelp project simplifies the process of participating in complex DeFi strategies for users by integrating L2 networks and DeFi rewards.

Kelp DAO, a leading liquidity staking platform, is about to launch "Gain Powered by Kelp", which aims to enhance users' earning potential through simplified access to multiple reward strategies, airdrops, and points mechanisms.

Overview

Gain by Kelp is a vault program that provides users with multiple access rights to earn rewards from multiple top L2 networks through a single, diversified strategy. By integrating L2 protocols and DeFi rewards, the program simplifies participation in various DeFi strategies without having to manage a single position.

What is a vault?

Vaults are essentially smart contracts that automate the deployment of assets according to a prescribed reward farming strategy. This is done by strategy managers, whose decisions encompass yield strategies, the allocation of vault deposits across those strategies, and the periodic rebalancing of those allocations. All of this is done to maximize the returns of the vault while mitigating risk.

This enables users to easily maximize their returns across a variety of high-growth opportunities with a single click. Kelp’s vaults are non-custodial, ensuring that users are free to withdraw funds at any time and have full transparency into how their assets are deployed. As Kelp’s infrastructure partner, August will assist in building the vault’s smart contracts, while Tulipa Capital will manage the associated strategies.

Gain by Kelp DAO Airdrop

Acceptable assets: Ethereum native ETH, Kelp DAO’s rsETH, Stader Labs’ ETHx, and Lido Finance’s stETH

Partners:

· L2 Partners: Linea, Scroll

· Staking Partners: Karak, EigenLayer

· DeFi Partners: Pendle, Lyra, Splice, Spectra

· Cross-chain Bridge Partners: LayerZero, Across

· Strategy Manager: Tulipa

· Infrastructure Partner: August

How it works?

· Asset Deposit:Users deposit assets of their choice into the vault

· Minting Liquid Tokens:Liquidity tokens agETH are issued for deposited assets

· Asset Cross-Chain Bridge:Deposited assets are cross-chained to partner L2 to increase airdrop returns

· Automatic Allocation:The vault strategist automatically adjusts the allocation of deposited assets to maximize airdrop returns

· Deploy to DeFi Mainnet:Users deploy the obtained agETH to Pendle and liquidity pools to obtain DeFi mainnet returns and partner L2 returns

What are the characteristics?

· Get all L2 airdrops through a single diversified strategy combined with DeFi mainnet income, EigenLayer points and Kelp Miles

· Save gas fees and provide position management for small users

· Simplify complex DeFi strategies with one click

· Use agETH to participate in income opportunities

What rewards can you get?

· Staking incentives: 3x Karak XP, 1x EigenLayer points

· L2 Rewards:15% additional boost (1.38x Linea LXP-L points), top Scroll mark

· Cross-chain bridge incentives:125k ACX token pool 3x Kelp miles

· Upcoming DeFi rewards

About agETH

Users can use vault LP tokens, agETH with Pendle to earn fixed income with PT, and speculate on airdrops on YT, in addition to more DeFi income opportunities on partner L2 core markets such as Lyra, Spectra, Splice, etc.