what's Kelp Gain?
Kelp Gain is a DeFi protocol within the KelpDAO ecosystem, focused on providing liquid restaking and yield optimization for Ethereum-based assets. It enables users to deposit ETH and receive agETH, a liquid token that captures rewards from restaking across multiple protocols and layer 2 networks without lockups. The protocol supports seamless bridging via integrations like Axelar, allowing agETH to be minted and used directly on chains such as Linea, Scroll, and Arbitrum, while participating in voting markets and incentive programs for additional yields. Technically, agETH functions as a yield-bearing token that aggregates earnings from restaked positions, including points from ecosystems like EigenLayer and other AVS (Actively Validated Services). Users can vote on liquidity pools using agETH to earn governance tokens like KERNEL, and the protocol employs dynamic strategies to adapt to market conditions, ensuring composability with DeFi primitives such as lending on Aave or perps on platforms like PolynomialFi. This design promotes efficient capital utilization and multi-chain liquidity for restakers.
Kelp Gain's Airdrop Gain vault uses curated strategies from k3_capital and august_digital.
contract
ethereum
Airdrop Gain vault uses curated strategies from k3_capital and august_digital.
Manages $2.2B in total value locked across Kelp Gain and related systems.
wrsETH goes live on Aave v3 Avalanche market with 5k supply cap, and native rsETH minting/bridging launches on Ink chain with integrations on Tydro and Velodrome. DRIP Epoch 7 deploys with ~2M ARB incentives for ETH strategies, and rsETH on Aave v3 Arbitrum hits $183.9M TVL maxing the 60k ETH supply cap.
Distributes 14,000 KERNEL tokens for rsETH, agETH, and hgETH pools on Pendle, up from 8,460 KERNEL tokens.
Voting rewards on Equilibria grow to 8,220 $KERNEL tokens this week for rsETH, agETH, and hgETH pools.
agETH reaches approximately 12% 7-day exchange rate, with tracking available on the Airdrop Gain dApp page.
Voting rewards on Equilibria increase to 6,852 $KERNEL tokens this week for rsETH, agETH, and hgETH pools, expanding beyond the previously mentioned agETH-only rewards.
Ranks #1 among ETH vaults by 7-day reward rate, delivering over 6% rewards (2.7x the ETH benchmark) with over $25M TVL.
Voting rewards for agETH pools on Equilibria increase to 4,467 $KERNEL tokens this week.
agETH pools are live on Equilibria's voting market with 4,371 $KERNEL tokens available as rewards this week for voters.