Saturday, November 23

    Kelp DAO

    2 Mins Read

    • Total value: n/a
    • ❌ Airdrop unconfirmed
    • Platform: ETH

    Kelp DAO is focused on building Liquid Restaking Solutions for public blockchain networks. The Kelp DAO is currently building an LRT solution, rsETH, on EigenLayer for Ethereum. rsETH is a Liquid Restaked Token (LRT) issued by Kelp DAO designed to offer liquidity to illiquid assets deposited into restaking platforms, such as EigenLayer. It aims to address the risks and challenges posed by the current offering of restaking.

    Kelp DAO doesn’t have their own governance token but has launched a points program called Kelp Miles and hinted at rewarding users. To start earning Kelp miles and EigenLayer points, stake ETH or other LSTs like stETH or provide liquidity to the rsETH pools. Users who collect Kelp Miles will likely get an airdrop if they launch their own token.

    Step-by-Step Guide:

    1. Visit the Kelp DAO website.
    2. Connect your Ethereum or Arbitrum wallet.
    3. You will need ETH or other LSTs like stETH, ETHx or sfrxETH. You can get ETH on Binance.
    4. Now stake it on Kelp DAO.
    5. You will get Kelp DAO’s liquid staking token rsETH.
    6. You will now start earning yield as well as Kelp Miles and EigenLayer points.
    7. Also, click on “DeFi” and provide liquidity to one of the available rsETH pools to earn more Kelp Miles.
    8. Go to “Dashboard” and refer your friends to earn 10% Kelp Miles from each referral.
    9. They’ve also launched a non-governance token called “KEP” for users to convert their EigenLayer points to a tradable token. For more info regarding KEP, see this tweet.
    10. They don’t have a governance token yet but have hinted at rewarding users who collect Kelp Miles.
    11. So, the users who collect Kelp Miles will likely get an airdrop if their token goes live.
    12. You could also become eligible for the EigenLayer speculative airdrop for earning EigenLayer points.
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    Sonik

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