Kelp Miles Evolution: Introducing Kernel Points and $KERNEL Token
Kelp Miles Evolution: Introducing Kernel Points and $KERNEL Token
🌱 Your Kelp Miles Are Evolving
KelpDAO announces a major ecosystem update with the conversion of Kelp Miles to Kernel Points. Here are the key changes:
- 1 Kernel Point = 1,000 Kelp Miles
- Unified system combining Kelp, Gain, and Kernel DAO under $KERNEL
- Holders receive governance rights across all three protocols
Coming Updates Include:
- Strategic reallocation of existing points
- Enhanced incentives
- New earning opportunities
- Special point-boosting programs
Kernel Points will determine $KERNEL token allocation at TGE (Token Generation Event)
Users can continue earning points through Kelp & Gain vaults participation.
Balancer Partnership Expands rsETH Liquidity Across Multiple Chains
Balancer's multi-chain infrastructure has expanded rsETH liquidity beyond Ethereum, with significant TVL across networks: - **Ethereum**: $8.5M+ TVL in rsETH/WETH pool - **Arbitrum**: $700K TVL with competitive rewards - **Optimism**: $250k+ TVL across wrsETH pools Each pool offers unique rewards including: - 2x Kernel Points - USDC weekly incentives - Programmatic EIGEN rewards - Additional chain-specific benefits The partnership leverages Balancer's composable liquidity design to create efficient markets for rsETH across multiple chains.
rsETH-ETH Pool Hits $25M TVL Milestone on Unichain
The rsETH-ETH liquidity pool on Unichain has achieved a significant milestone, surpassing $25M in Total Value Locked (TVL). Key features: - $5M UNI rewards program actively incentivizing liquidity providers - Campaign runs through July 15 - $150K+ dedicated UNI incentives in current phase - Rewards collected via Merkl Additional benefits: - 1.5x Kernel Points - 1x Programmatic EIGEN rewards Pool can be accessed at [Uniswap](https://app.uniswap.org/explore/pools/unichain/0x88cdc69f6be00de0b69f92de9ae0c4621fb6a3cdba582804010b182238c98dde)
KernelDAO Expands into Real World Assets, Building on Kelp's Success
KernelDAO announces expansion into Real World Assets (RWA), building on Kelp's significant achievements: - Second largest liquid restaking protocol on Ethereum - Over 600,000 ETH in deposits - Successfully launched tokenized vaults for Airdrops and Rewards **Coming in May**: New stablecoin vault targeting 15-20% rewards The protocol has shown remarkable growth over the past year: - $2B+ Total Value Locked (TVL) - 300,000+ active builders - Integration with 40+ DeFi protocols - Presence on 10+ Layer 2 networks *A full RWA roadmap will be released soon, marking KernelDAO's strategic move to bridge DeFi with traditional finance.*
KelpDAO Teases New Stablecoin Staking Opportunity
A new staking opportunity is being developed for stablecoin holders, promising approximately 20% reward rates. The initiative, set to launch in May, appears to be an extension of earlier efforts to expand Bitcoin staking accessibility. Key points: - Targeted at stablecoin holders - ~20% projected reward rate - Launch scheduled for May 2025 This development follows a March announcement about expanding Bitcoin staking access to a broader user base.
hgETH Adds AuraFinance Position While Maintaining 10.8% ETH Rewards
KelpDAO's hgETH strategy update shows portfolio adjustments with consistent performance: - Overall reward rate: 10.8% on ETH - New strategic position: AuraFinance rsETH <> WETH vault (9% reward rate) - Top performers: MovementLabs rsETH vault and Upshift.fi (18% and 15% respectively) - Temporary liquidity buffer established on Euler Finance - Portfolio now spans 12 positions, with AAVE v3 having largest allocation (19%) Capital has been reallocated to rsETH leveraged trades for improved efficiency. Team continues exploring new ETH-based opportunities. [Mint hgETH](https://kelpdao.xyz/gain/growth-vault/?utm_source=highguide)