hgETH Strategy Update: Total Reward Rate Jumps to 15.7%
hgETH Strategy Update: Total Reward Rate Jumps to 15.7%
🚀 Rewards Just Got Juicier
KelpDAO's hgETH portfolio saw significant improvements this week:
- Total reward rate increased from 10.2% to 15.7%
- Major allocation increase on Aave v3
- Upshift.fi, TacBuild, and Euler Finance all delivering 15%+ rewards
Portfolio Highlights:
- Aave v3: 42% allocation, 12% rewards
- Euler Finance: Leading with 22% rewards
- Multiple protocols maintaining strong 15% rates
Technical integrations are in development to enhance holder benefits.
Your hgETH weekly strategy update is here! 🌱 Last week's highlights: ⍛ Portfolio allocation optimized in response to changing borrow rates across protocols ⍛ @eulerfinance maintains top performance with exceptional 22% reward rate ⍛ Total reward rate at 10.2% Dive into the
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rsETH Enables Multi-Job Staking on KelpDAO
KelpDAO's rsETH token now supports simultaneous participation in multiple validator jobs, enhancing earning potential for stakers. This development marks a significant evolution in liquid restaking capabilities. Key points: - Users can engage in multiple validator roles concurrently - Available through KelpDAO's restaking platform - Built on Eigenlayer infrastructure Explore restaking opportunities at [KelpDAO's Kelp platform](https://kerneldao.com/kelp/restake/?utm_source=social)
Understanding EVM: The Engine Behind DeFi Interoperability
The Ethereum Virtual Machine (EVM) serves as the foundational technology enabling liquid restaking tokens like rsETH to function across multiple DeFi platforms. - EVM acts as a universal translator, allowing protocols like Uniswap, Aave, and Compound to interact seamlessly - This standardization enables users to utilize their rsETH tokens as collateral across various DeFi applications - The technology ensures consistent execution of smart contracts regardless of the platform *Key Benefit*: Users can leverage their liquid restaking positions across the entire DeFi ecosystem without friction.
Movement Labs Migrates rsETH-wETH Pool to Meridian Money
Movement Labs announces migration of rsETH-wETH liquidity pair from Liquidswap to Meridian Money's metastable pool. Liquidity providers must follow a 4-step process to maintain MOVE rewards: - Withdraw LP tokens from current Liquidswap vault - Break LP position into individual tokens - Deposit into Meridian metastable pool - Stake new LP tokens for MOVE rewards This update follows previous DeFi Spring Wave Two initiative that offered ~22% reward rates with $21M+ TVL for rsETH-WETH pairs. **Important Links:** - [Canopy Hub Withdrawal](https://app.canopyhub.xyz/explore?id=0xefa4b39d3cd87b5f24d53d4d54879c90787f282e05d701dfe66942378deeba61) - [New Staking Portal](https://app.canopyhub.xyz/explore?id=0x24b7a15cce2a31e7f9c09811f5596b6a1d3a84325a3f224f30f7cb16b7006307)
Pendle Finance's agETH Pool Reaches $7M TVL
The agETH pool on Pendle Finance has reached approximately $7M in Total Value Locked (TVL). Users can earn multiple reward streams: - 3.5x Kernel Points - Programmatic EIGEN rewards - Leveraged Restaking rewards **Pro Tip**: Enhance your rewards by utilizing YT, LP, and PT tokens within the agETH pool. Access the pool at [Pendle Finance](https://app.pendle.finance/trade/pools/0xbe8549a20257917a0a9ef8911daf18190a8842a4/zap/in?chain=ethereum)