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
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.
🚀 Kernel Points Boost
**Stable Gain enhances rewards for sbUSD holders** KelpDAO's Stable Gain vault now offers additional incentives: - **10 Kernel Points daily** per 1,000 sbUSD held - Points **backfilled** for historical balances - **Automatic stacking** with no extra steps required - Updated totals visible on dashboard sbUSD continues providing risk-managed stablecoin yields while now earning bonus points. [Deposit in Stable Gain](https://kerneldao.com/kelp/gain/stable-vault/?utm_source=social)
**DeFi Vaults: Beyond Simple Deposit-Withdraw Mechanics**
**DeFi vaults appear straightforward** - deposit, earn rewards, withdraw. But the reality involves complex backend operations. **What actually happens:** - Tokenization processes - Multi-protocol strategy execution - Continuous risk management - Strategic logic implementation **Key components include:** - Fee structures - Oracle integrations - Contract quality assurance - Automated rebalancing Vaults handle diverse strategies: farming, lending, staking, and delta-neutral positions. Some build on others, creating modular systems. **The automation depends entirely on code quality** - making due diligence essential before depositing funds. For detailed technical breakdown: [KernelDAO Blog](https://blogs.kerneldao.com/blog/what-happens-behind-the-scenes-from-user-deposit-to-vault-deployment)