Liquid staking platform Kelp DAO is launching its Acquire program, which can enable customers to earn airdrops and different rewards.
In keeping with an August 13 announcement, Kelp’s Acquire will give customers entry to streamlined methods to earn extra rewards from their liquid staking efforts. Initially, the Acquire program will solely embrace the Airdrop Acquire Vault, which simplifies participation in airdrop alternatives throughout varied layer two protocols with out the necessity to handle particular person positions.
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Here is every part it’s essential to know.
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— Kelp DAO (@KelpDAO) August 13, 2024
Kelp Acquire Vaults use good contracts to handle asset deployment and maximize airdrops and rewards by multi-layer protocols. Consumer deposits are represented by on-chain tokens, that are then used to handle the stake.
Property deposited into the vault are then allotted to curated alternatives to earn rewards. As time passes, their distribution is readjusted to maximise the quantity of worth earned whereas minimizing danger.
Kelp claims that this strategy offers Vault customers entry to L2 airdrops, however comes with the configurability of DeFi. Amitej G, co-founder of Kelp DAO, stated:
“By specializing in focused methods and integrating with each L2 protocols and Mainnet DeFi yields, we offer customers with a complete, automated resolution to maximise reward potential. This collaboration with our vary of companions ensures customers profit from streamlined entry to high-growth alternatives with minimal effort.”
The Airdrop Acquire Vault shall be geared toward customers keen to deposit property resembling KelpDAO’s restacked Ethereum (rsETH). Deposits are represented as agETH tokens. These property are then bridged to layer two of companions to extend airdrop potential.
Moreover, this vault will also be built-in with Mainnet’s decentralized finance (DeFi) revenues. This fashion, customers who deposit their ETH or rsETH can take part in a number of DeFi methods concurrently with out difficult technique improvement.
The reward-bearing agETH token will also be staked on DeFi protocols like Pendle to earn extra fastened returns or speculate on airdrops by incomes a number of factors. The Airdrop Acquire Vault is the results of a collaboration with institutional crypto platform August as good contract developer and Tilapia Capital as lead technique accomplice. Additional layer two and DeFi companions embrace Linea, Karak, Scroll, Pendle, Throughout, LZ, Spectra, Lyra and a number of decentralized exchanges.