In a groundbreaking move set to take the DeFi landscape by storm, Kelp DAO has launched its highly anticipated Gain program. This enhances the earning potential of user assets by providing streamlined access to multiple Layer 2 airdrops and DeFi opportunities through a single, diversified strategy without the hassle of managing individual positions.
Gain is essentially a vault that they’ve given a unique spin to. Vaults are smart contracts that automate asset deployments according to prescribed reward farming strategies with the objective of maximising rewards while mitigating risks.
When you participate in the vault, you are issued a vault LP token, agETH, which can be used with Pendle to earn rewards. Additionally, there are DeFi opportunities on L2 markets such as Lyra, Spectra and Splice, with more coming up.
How it works:
- Asset deposit: Users can deposit ETH, rsETH, ETHx and stETH into the vault.
- Liquid token minting: In return, users receive agETH, a reward-bearing token representing their position.
- Automated deployment: Behind the scenes, deposited assets are bridged to partner L2 networks, positioning users for potential airdrops.
- Reward accumulation: As the vault’s strategies play out, users see their returns reflected in the appreciation of their agETH tokens.
What sets Gain apart:
- Multi-chain optimization: Access airdrops and reward opportunities across multiple L2 networks with a single deposit.
- Gas savings: Ideal for smaller investors, eliminating the need for multiple transactions across different chains.
- Simplified DeFi: Complex strategies distilled into a one-click solution.
- Flexibility: Non-custodial design allows users to withdraw at any time.
- Transparency: Full visibility into asset deployment and strategy execution.
Partnerships driving innovation:
Kelp DAO has assembled an all-star team of partners to bring Gain to life:
- L2 partners: Linea, Scroll
- Restaking partners: Karak, EigenLayer
- DeFi partner: Pendle, Lyra, Splice, Spectra
- Bridge partner: LayerZero, Across
- Strategy manager: Tulipa
- Infrastructure partner: August
As DeFi continues to evolve and expand across multiple chains, Gain powered by Kelp stands at the forefront, offering a sophisticated yet user-friendly approach to reward optimization in DeFi. By bridging the gap between complex strategies and everyday users, Kelp DAO is paving the way for broader adoption of advanced DeFi techniques.
The future of reward farming is here, and it’s powered by Kelp.
Note: Users are encouraged to review all terms and conditions upon the official launch of Gain powered by Kelp and to always do your own research.
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