Launches "Enhance" Yield Booster for Investments
In the ever-evolving world of decentralized finance (DeFi), Kelp has recently introduced a groundbreaking product called Gain. This innovative platform promises to revolutionize yield farming and airdrop participation across multiple Layer 2 (L2) blockchains. However, current search results do not provide extensive details about Gain, its flagship Airdrop Gain Vault, or its partnerships with August, Tulipa Capital, and LayerZero.
Kelp's Gain is an automated optimizer designed to streamline yield farming strategies across various L2 networks. These networks, such as Polygon, Optimism, and Arbitrum, improve scalability and reduce transaction costs, making DeFi activities more efficient.
The Airdrop Gain Vault, Kelp's flagship product, serves to aggregate users' assets, optimizing participation in liquidity mining and airdrop programs. By automatically switching between the best-performing pools or farms, this vault aims to maximize token rewards and airdrop points across different protocols on Layer 2 networks.
Partnerships with leading DeFi infrastructure and cross-chain communication platforms like August, Tulipa Capital, and LayerZero further enhance Gain's capabilities. August and Tulipa Capital may bring strategic investment, yield analysis, or liquidity provisioning expertise, while LayerZero's cross-chain messaging protocols enable seamless asset and data transfer across L2 chains, facilitating efficient yield farming and airdrop participation across multiple L2 networks.
Gain provides users with a hands-free way to earn additional returns on selected liquid staking tokens (LSTs) and its liquid restaking token, rsETH. Users can maximize their staking rewards by restaking ETH, stETH, and ETHx on EigenLayer with Kelp, and their stakes are represented as rsETH.
The Airdrop Gain Vault allocates 45% of deposits to Linea, 35% to Scroll, and 20% to Karak strategies, and takes a 2% share of rewards earned by users. Users can withdraw their funds from the vaults at any time or sell their agETH (the liquid token issued to depositors, representing a claim on their share of deposits within the vaults) on the open market to exit their position.
agETH integrates with various other DeFi platforms to provide liquidity pooling options for additional rewards and accessible swaps. Gain integrates with DeFi partners such as Pendle, Balancer, and Uniswap, allowing users to leverage agETH in various yield strategies.
As a liquid restaking protocol, Kelp has already amassed over $700 million in total value locked (TVL). With the launch of Gain, Kelp aims to deliver a capital-efficient, multi-chain automated optimizer that helps users maximize DeFi yield and airdrop rewards with lower fees and faster transactions than on Layer 1.
For more precise technical details or recent updates on Kelp’s Gain, it would be best to consult their official documentation or announcements. The search results found do not cover this topic specifically.
- Utilizing technology such as liquid staking, Kelp's Gain platform, an automated optimizer, streamlines yield farming strategies on various Layer 2 blockchains like Polygon, Optimism, and Arbitrum, making DeFi activities more efficient.
- The Airdrop Gain Vault, Kelp's flagship product, leverages technology like vault strategies to aggregate users' assets and optimize participation in liquidity mining and airdrop programs, aiming to maximize token rewards across different DeFi protocols.
