KelpDAO

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 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 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 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