The ‘Kelp Gain Vaults‘ Program is being launched by the liquid restaking platform, Kelp DAO. As the first initiative to provide access to several Layer 2 airdrops in a single, diversified approach, the program increases the earning potential of airdrops and benefits for restakers and users.
With just one click, users of Kelp Gain may take advantage of simplified access to diverse rewards strategies. The Airdrop Gain Vault, a unique vault that makes it easier to participate in airdrop opportunities across different L2 protocols without having to manage individual positions, will be the program’s initial feature.
The vaults leverage smart contracts to optimize airdrops and incentives while managing asset deployments. In exchange for depositing assets in the vault, users get a synthetic token.
The vault’s strategy manager then allocates these assets across carefully chosen reward opportunities, periodically modifying the allocations to maximize returns and minimize risks. This method makes use of DeFi’s synthetic token composability while offering complete access to L2 airdrops.
Amitej G, Co-founder of Kelp DAO stated:
“The Kelp Gain Vault is a leap forward in user experience, reward optimization and leveraging DeFi composability. By focusing on targeted strategies and integrating with both L2 protocols and mainnet DeFi yields, we are providing users with a comprehensive, automated solution to maximize rewards potential. This collaboration with our range of partners ensures users benefit from streamlined access to high-growth opportunities with minimal effort.”
Users may deposit assets like ETH or rsETH into the Airdrop Gain Vault. These assets are then bridged to partner L2s to increase the potential for airdrops. Additionally, the vault integrates with mainnet DeFi yields, enabling users to utilize a single synthetic token, agETH, for numerous DeFi strategies. Users may also increase yields by using the synthetic reward bearing token, which can be used to speculate on airdrops by earning multiple points and to earn fixed yields on Pendle and other DeFi protocols.
Tulipa Capital is acting as the lead strategy partner for the Airdrop Gain Vault, and the vault is being launched in collaboration with August, an institutional-grade cryptocurrency platform that is building the smart contract infrastructure. Other L2/DeFi partners include Linea, Karak, Scroll, Pendle, Across, LZ, Pendle, Spectra, Lyra, and multiple DEXs. The introduction of Kelp Gain signals a shift in the industry toward automated reward management and investment strategies.
To access the vault, click this link.
