Kelp DAO Launches ‘Acquire Vault’ with First Built-in L2 Entry

Dubai, UAE, August thirteenth, 2024, Chainwire

Kelp DAO, a liquid restaking platform is launching the ‘Kelp Acquire Vaults’ Program. This system enhances incomes potential of airdrops and rewards for restakers and customers, being the primary undertaking giving entry to a number of Layer 2 airdrops in a single, diversified technique.

Kelp Acquire permits customers to profit from streamlined entry to numerous rewards methods by means of a single click on. This system will initially function the Airdrop Acquire Vault, a specialised vault that simplifies participation in airdrop alternatives throughout varied L2 protocols, with out managing particular person positions.

The vaults leverage good contracts to handle asset deployments and maximize airdrops and rewards. Customers deposit belongings into the vault and obtain an artificial token in return. These belongings are then allotted to curated reward alternatives, with periodic changes made by the vault’s technique supervisor to optimize returns and mitigate dangers. This method gives complete entry to L2 airdrops and likewise makes use of the composability of DeFi with artificial token.

“The Kelp Acquire Vault is a leap ahead in consumer expertise, reward optimization and leveraging DeFi composability,” stated Amitej G, Co-founder of Kelp DAO. “By specializing in focused methods and integrating with each L2 protocols and mainnet DeFi yields, we’re offering customers with a complete, automated resolution to maximise rewards 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 lets customers deposit belongings like ETH or rsETH, that are then bridged to companion L2s to boost airdrop potential. The vault additionally integrates with mainnet DeFi yields, permitting customers to have interaction in a number of DeFi methods through a single artificial token, agETH. Moreover, customers can additional improve yields with the artificial reward bearing token that may be deployed on Pendle and different DeFi protocols for incomes fastened yields, and speculating on airdrops by incomes multi-fold factors.

The vault is being launched in partnership with August, an institutional grade platform for crypto, growing the good contract infrastructure, and Tulipa Capital appearing because the lead technique companion for the Airdrop Acquire Vault, with L2/ DeFi companions together with Linea, Karak, Scroll, Pendle, Throughout, LZ, Pendle, Spectra, Lyra and a number of other DEXs. The launch of Kelp Acquire marks an trade vast development towards automated reward administration and funding methods.

To entry the vault, click on this hyperlink.

About Kelp DAO:

Kelp DAO is without doubt one of the main liquid restaking protocols—having crossed $1 billion in TVL in June 2024—with 250k+ ETH underneath administration throughout 45,000 restakers. Their liquid restaked token (LRT) was the primary to hit the mainnet and pioneered liquid restaking with liquid staking tokens. At present, Kelp DAO facilitates liquid restaking for native ETH and LSTs alike throughout Ethereum mainnet and eight L2 networks.

ContactHead of CommunicationsArchana Barchana@kelpdao.xyz

This text was initially revealed on Chainwire