KelpDAO Launches wrsETH on Avalanche with Blackhole DEX Integration
KelpDAO Launches wrsETH on Avalanche with Blackhole DEX Integration
🔺 KelpDAO Hits Avalanche
KelpDAO expands to Avalanche with wrsETH now live on the network, bringing liquid restaking to Avalanche's DeFi ecosystem.
Key integrations include:
- Blackhole DEX with dedicated wrsETH liquidity pools
- Euler Finance offering wrsETH lending markets
- K3 Capital curated lending cluster
Current reward opportunities:
- Kernel Points for participation
- AVAX network rewards
- Black rewards from Blackhole DEX
Users can now borrow WETH using wrsETH as collateral on Euler Finance and participate in concentrated liquidity pools on Blackhole DEX.
The expansion leverages Avalanche's speed and low transaction costs for more efficient restaking operations beyond Ethereum and Layer 2 networks.
Users can mint or bridge rsETH natively on Avalanche through the Kelp dApp and immediately start earning rewards across integrated platforms.
BLACK Protocol Hits 3-Month Milestone with 9,650+ Holders and $16.5B Volume
**BLACK Protocol celebrates three months live** with impressive growth metrics across key areas. **Key achievements include:** - 9,650+ veBLACK holders participating in the ecosystem - 94M+ $BLACK tokens locked since launch - $16.5B in cumulative trading volume processed - $12.9M+ generated in cumulative swap fees - $24.2M+ distributed as rewards to token lockers The protocol has shown consistent growth since its **Season 1 Escape Velocity** program, which distributed 6M veBLACK to eligible users and saw 17.7M $BLACK locked or burned across 1,000+ wallets. *This milestone represents solid foundation building* as the team positions for continued expansion in the DeFi space.
🎁 Season 2 Rewards Drop
**BlackHole DEX Season 2 Complete** Escape Velocity Season 2 rewards have been distributed to eligible participants. Wallets that locked more than 2,000 $BLACK tokens received **61% rebates** in veBLACK tokens. **Season 3 Already Live** - New season underway with 6 million veBLACK in rewards - Only 20 days remaining to participate - Same mechanics: lock $BLACK to earn veBLACK rebates The program continues BlackHole DEX's incentive structure for token holders who commit to locking their $BLACK tokens for extended periods. [Learn more about Season 3](https://paragraph.com/@blackholedex/escape-velocity-season-3-launch)
$BLAZE Token Launches Exclusively on Blackhole Exchange
**$BLAZE token is now live** and trading exclusively on the Blackhole exchange platform. The launch marks another addition to Blackhole's growing token offerings, following the recent addition of Tron ($TRX) in September. - **Exclusive availability** on Blackhole platform only - Joins other supported tokens like $TRX - Trading is now active for users This exclusive launch continues Blackhole's strategy of hosting new token debuts on their exchange.
Voting Rewards Hit $2.1M+ for Single Epoch
**Voting rewards have reached over $2.1 million** for a single epoch, marking a significant milestone in the platform's reward distribution. This represents continued growth from the previous $2M milestone reached in epoch 3 back in August. **Key highlights:** - Single epoch rewards now exceed $2.1M - Substantial increase from earlier epochs - Rewards distributed to active voters The question remains whether participants are properly positioned to capture these rewards through the voting mechanism.