Balancer V3 Pools Launch New Reward Streams

🏊 Double Dipping in Balancer

By KelpDAO
Jun 12, 2025, 4:06 PM
twitter

Two new liquidity pools on Balancer V3 have launched with multiple reward incentives:

  • hgETH/rsETH pool offering approximately 9% reward rate for liquidity providers and additional hgETH rewards
  • wrsETH/WETH pool on Optimism featuring:
    • 4,500 OP tokens in weekly incentives
    • Double Kernel Points
    • Programmatic EIGEN rewards

Both pools are now accepting deposits at:

Sources
Read more about KelpDAO

Kelp Captures 20% of $11B Liquid Restaking Market

Kelp has emerged as a major player in the liquid restaking market, now controlling ~$2B (20%) of the total $11B market cap. Key achievements in their 18-month journey include: - First liquid restaked token (rsETH) on Ethereum Mainnet - Integration with major protocols like Aave and Compound - Expansion to 10+ L2 networks - 550,000+ users across ecosystem - $200M TVL in Gain by Kelp product The protocol is transitioning to $KERNEL token, which will govern three protocols worth $2B+ combined: Kelp, Gain Vaults, and Kernel DAO. Season 3 staking rewards are now available for token holders.

Fluid Launches Smart Collateral Looping for rsETH

**Fluid (@0xfluid) has introduced two new looping strategies** for rsETH holders on Ethereum: - rsETH <> wstETH direct looping ($15.5M supply) - rsETH <> ETH/wstETH looping ($600k supply) Both strategies offer: - 2x Kernel Points - Programmatic EIGEN rewards - Enhanced position optimization while maintaining liquidity Users can access these opportunities through [Fluid's platform](https://fluid.instadapp.io/vaults/1/79). *This update represents a significant expansion of rsETH holder capabilities through smart collateral integration.*

Morpho Labs Launches rsETH Market on Unichain

Morpho Labs Launches rsETH Market on Unichain

Morpho Labs has launched a new rsETH <> WETH market on Unichain, curated by Nine Summits. The market offers multiple reward opportunities: - 2x Kernel Points - 1x Programmatic EIGEN rewards - Additional rewards in OP, MORPHO, and USDC tokens The 12-week campaign aims to enhance liquid restaking strategies on Unichain. This follows recent successful integrations, including a Uniswap pool with $16M TVL and 10.5% reward rate. [Deposit on Morpho](https://app.morpho.org/unichain/market/0x5a2b9a157b1b212921845d53fa52ae828ad9bc240ebfc7d57addf7c8f4b4729a/rseth-weth)

Euler Finance Leads hgETH Portfolio with 21% Reward Rate

Euler Finance Leads hgETH Portfolio with 21% Reward Rate

hgETH's growth vault reports improved total reward rate of 11.6%. Portfolio highlights: - Euler Finance maintains top position at 21% reward rate - Multiple protocols (Upshift, TacBuild, Growcompound) delivering 15% returns - Aave v3 holds largest allocation (45%) with 12% rewards - Portfolio actively managed across 8 protocols Total portfolio breakdown ranges from 3-45% allocations across various strategies including leveraged restaking, ETH vaults, and LP positions. [Mint hgETH](https://kelpdao.xyz/gain/growth-vault/?utm_source=highguide)

DeFiStaking