Kelp delivered strong performance across all products in November:
Gain Vaults Performance:
- High Gain (hgETH) maintained #1 position among ETH vaults >$10M TVL with 13%+ rewards
- Airdrop Gain (agETH) achieved ~12% weekly rewards with $45M+ TVL
- Stable Gain (sbUSD) held steady at ~11% rewards with $8M+ TVL
rsETH Expansion Milestones:
- wrsETH launched on Aave v3 Avalanche with 5k supply cap
- Native rsETH minting went live on Ink blockchain
- Arbitrum TVL hit $183.9M, maxing out 60k ETH supply cap
- Market cap reached ~$175M (+450% since DRIP launch)
DRIP Epoch 7 deployed with ~2M ARB incentives for ETH strategies.
Community Updates: Co-founder spoke at NextFin NYBW about Kred's "Internet of Credit" - connecting DeFi with traditional finance through stablecoin liquidity.
All three Gain vaults consistently delivered 10%+ rewards despite market volatility, showcasing the platform's risk-adjusted strategy approach.
agETH just hit a ~12% 7-day exchange rate 🌱 Watch the agETH exchange rate climb and track the reward rate directly on the Airdrop Gain dApp page. Access institutional-grade strategies powered by @k3_capital and @august_digital’s infra - all through a simple vault deposit.
Over the last 35 days, market-wide depegs and liquidations reminded everyone of a core DeFi principle: in stress events, strategy quality determines stability. Stable Gain, powered by @ultrayieldapp, maintained consistent performance and delivered steady rewards throughout this
Gain vaults lead the charts - again! 🌱 In the last 7 days, High Gain and Airdrop Gain delivered some of the highest reward rates among all ETH vaults with >$25M TVL. Here's the data 🧵
ALL GREEN 🌱 This week, all three Gain vaults: High Gain, Airdrop Gain, and Stable Gain, delivered over 10% rewards. Amid the market chaos, Gain quietly kept outperforming. Let’s break it down 👇
If you’re going to Get High, you might as well Get the Best High 🍃 According to @vaultsfyi, High Gain is the #1 ETH vault by 7-day reward rate among all vaults with over $25M TVL - a spot it has held consistently for nearly two months. Powered by blue-chip strategies from
Kelp November 2025 recap 🌱 ✧ Major launches & product updates ⍛ High Gain (hgETH) held its position as the #1 ETH vault by 90-day performance rate among vaults >$10M TVL outperforming the next best vault by 50%, while delivering 13%+ rewards through market volatility. ⍛
Your hgETH weekly strategy update is here! 🌱 Last week's highlights: ⍛ Portfolio reward rate climbed to 12% total on ETH ⍛ Strategic shift back to leveraged restaking as market conditions improved ⍛ @katana WETH supply delivering exceptional 18% rewards ⍛ Active
KelpDAO Completes rsETH Recovery Plan with Final Token Transfer
KelpDAO has completed the operational phase of its rsETH recovery plan by transferring the final tranche of 20,373.72 rsETH to the rsETH OFT adapter. **Key Details:** - The final transfer marks the conclusion of the recovery operation - Transaction confirmed on Ethereum mainnet: [View on Etherscan](https://etherscan.io/tx/0x3be61d4336ea40ca2fa3aed20dc4ef672d4dfd029697a8b599661a6aff4767cb) - This follows the initial tranche transfer on May 14, which reopened rsETH bridging between mainnet and Layer 2 networks The completion of this plan restores full functionality to the rsETH token infrastructure across supported networks.
Kelp and Mantle Discuss DeFi Growth in Upcoming Twitter Space

**Kelp and Mantle are hosting a Twitter Space on March 5 at 1 PM UTC** to discuss the recent growth in Mantle's DeFi ecosystem. The conversation will cover: - Factors driving DeFi expansion on Mantle - Kelp's rsETH integration and its role in the ecosystem - Future developments and plans This follows a previous AMA in September 2024 where Mantle discussed its Layer 2 positioning. [Join the Space](https://x.com/i/spaces/1MJgNgbZQNkGL?s=20)
KUSD Rewards Backed by Real Payment Settlement Activity, Not Market Speculation

**KUSD rewards are generated from actual payment and settlement activity**, marking a departure from typical crypto reward mechanisms that rely on token emissions or market speculation. **Key differentiator:** - Rewards stem from real-world transaction settlement - Activity continues regardless of market conditions - Payments process consistently in both bull and bear markets **Why this matters:** The reward structure demonstrates resilience across market cycles since payment settlement occurs daily, independent of crypto market volatility. This creates a more sustainable reward model tied to genuine economic activity rather than speculative trading. The approach suggests a shift toward utility-driven tokenomics in the liquid restaking space.
wrsETH Supply Cap Doubles on Aave Avalanche Market
**wrsETH supply caps increased to 10k tokens** on Aave v3's Avalanche market after the initial 5k cap filled rapidly. The liquid restaking token launched on Avalanche just last week and quickly reached maximum capacity, prompting this expansion. - Previous cap: 5k wrsETH - **New cap: 10k wrsETH** - Available for deposit now This follows a pattern of high demand for liquid staking derivatives across DeFi protocols, with similar cap increases needed on other networks. [Deposit wrsETH on Aave Avalanche](https://app.aave.com/reserve-overview/?underlyingAsset=0x7bfd4ca2a6cf3a3fddd645d10b323031afe47ff0&marketName=proto_avalanche_v3)
Equilibria Voting Market Opens with 9,372 KERNEL Tokens Available
**Equilibria's weekly voting market is now active** with 9,372 $KERNEL tokens available as rewards. Users can vote for three specific pools to earn their share: - rsETH pool - agETH pool - hgETH pool This represents an **increase from previous weeks** - up from 8,460 tokens last week and 8,220 tokens in mid-November. [Vote now on Equilibria](https://equilibria.fi/vote) to participate in the reward distribution.