KelpDAO

**Institutional finance is evolving** as organizations explore stablecoins as alternatives to traditional banking. **Key advantages driving adoption:** - Enhanced liquidity management - Greater transparency in transactions - Reward opportunities while maintaining compliance - Bridge between traditional and digital finance Stablecoins offer institutions a way to modernize their treasury operations without sacrificing regulatory compliance. This shift represents a **fundamental change** in how large organizations think about money movement and storage. The technology provides real-time settlement capabilities and 24/7 accessibility that traditional banking systems cannot match. [Read the full analysis](https://blogs.kerneldao.com/blog/institutional-stablecoin-strategies-beyond-bank-deposits)

**wrsETH continues growing on Avalanche** with $25M total value locked across DeFi protocols. **Key developments:** - Euler Finance market holds $23M+ TVL, curated by K3 Capital - Users can use wrsETH as collateral to borrow WETH.e - Depositors earn AVAX rewards **BlackholeDex integration shows momentum:** - $1M+ TVL in wrsETH <> WETH.e concentrated liquidity pool - ~13% reward rate available - Triple reward stack: Kernel Points, AVAX rewards, BLACK emissions **Getting started:** - Mint or bridge rsETH natively on Avalanche via [Kelp dApp](https://kerneldao.com/kelp/restake/?utm_source=social) - Access markets on [Euler Finance](https://app.euler.finance/vault/0x6E65eB6cAC41a19E0B8bb16F3b5Ad150f9124D3d?network=avalanche) or [BlackholeDex](https://blackhole.xyz/deposit?token0=0x49D5c2BdFfac6CE2BFdB6640F4F80f226bc10bAB&token1=0x7bFd4CA2a6Cf3A3fDDd645D10B323031afe47FF0&pair=0xa2d7dDf3757Dd94199a2a3874605aD4fd8a26a9f&type=Concentrated%20Volatile) *Rewards not guaranteed. Assess your own risk.*

**Lending pool rates fluctuate in real-time** based on a single crucial factor: utilization rate. This metric measures how much of a lending pool's available funds are currently borrowed. When more people borrow (higher utilization), rates increase to encourage more deposits and discourage excessive borrowing. **Key points:** - Rates aren't fixed - they adjust automatically - Higher utilization = higher interest rates - Lower utilization = lower interest rates This dynamic system keeps DeFi lending markets balanced by incentivizing the right behavior at the right time.

**KernelDAO** has integrated **Chainlink** to enhance its KUSD stablecoin infrastructure. Key developments: - KUSD gains **cross-chain interoperability** via Chainlink's CCIP - Integration spans **BNB Chain and Ethereum** - **Price Feeds** provide secure market data - **Proof of Reserve** enables real-time collateral verification This strengthens the rails for KernelDAO's **Internet of Credit** vision, building on their recent Kred litepaper release that outlined programmable, borderless credit solutions.

BlackholeDex has allocated **$1.5k in voting rewards** to the wrsETH <> WETH.e liquidity pool. Users can now participate in governance voting to earn these rewards. The incentive program continues BlackholeDex's strategy of rewarding active community participation. - Vote at [blackhole.xyz/vote](https://blackhole.xyz/vote) - Rewards available for wrsETH <> WETH.e pool voters - Part of ongoing veNFT holder incentive program This follows recent announcements of over $113k in rewards for other trading pairs on the platform.

**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)

The KERNEL token ($KERNEL) launches April 14th with multiple utilities across the KernelDAO ecosystem: - **Shared Security**: Stake tokens to provide economic security for ecosystem applications - **Slashing Insurance**: Earn protocol rewards while protecting against slashing events - **Governance**: Participate in decision-making across Kernel, Kelp, and Gain protocols - **Liquidity Mining**: Earn rewards through AMM liquidity provision The token unifies three core components: 1. Kelp's LRT 2. Kernel's shared security system 3. Gain's tokenized reward vaults This integration creates a value cycle connecting infrastructure users, validators, and developers.