KelpDAO

**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'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.

**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)

**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.

**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)

**KelpDAO's hgETH portfolio achieved a 12% total reward rate** last week, up from 9.8% the previous week, driven by a strategic shift back to leveraged restaking positions. **Key portfolio changes:** - Aave v3 increased to 67% allocation (13% reward rate) - Katana WETH supply delivering 18% rewards on 4% allocation - Reduced Morpho and Euler exposure to optimize capital efficiency **Top performing positions:** - Katana WETH supply: 18% rewards - Aave v3 leveraged restaking: 13% rewards - Hyperliquid basis trade: 12% rewards - Euler ETH supply: 12% rewards The strategy capitalizes on normalized borrowing costs and favorable market conditions for leveraged positions. Active rebalancing continues to capture better risk-adjusted rewards across DeFi protocols. [Mint hgETH](https://kelpdao.xyz/gain/growth-vault/?utm_source=highguide) for professional portfolio management.

**KelpDAO is co-sponsoring BLOCKFESTA 2025: The Institutional Era** at Korea Blockchain Week. Co-founder Amitej will deliver a keynote titled *"Building the Internet of Credit: Where crypto meets global payments"* on September 26 from 12:35-12:55 KST. The event is a Korea Blockchain Week side event hosted by BlockMedia. Attendees can also connect with KelpDAO's marketing lead who will have merchandise available. **Event Details:** - Date: September 26 - Time: 10AM - 6PM - Focus: Institutional adoption in Web3

KelpDAO announces an exclusive AMA session featuring eoracle network and TAC Build to discuss the technical infrastructure behind rsETH price feeds across multiple chains. The event follows rsETH's recent expansion to TAC as one of their first Liquid Restaking Tokens (LRTs). - **Date**: July 24, 2025 - **Time**: 1:00 PM UTC - **Focus**: Cross-chain price feed infrastructure - **Partners**: eoracle network, TAC Build Join to learn about the technical mechanisms ensuring accurate rsETH pricing across different blockchain networks.

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)

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)