Liquid staking platform Kelp DAO is launching its Acquire program, permitting customers to earn airdrops and different rewards.
In accordance with an Aug. 13 announcement, Kelp’s Acquire permits customers to entry streamlined methods to earn further rewards from their liquid staking efforts. At first, the Acquire program will solely function the Airdrop Acquire Vault, which simplifies participation in airdrop alternatives throughout varied layer two protocols with out the necessity to handle particular person positions.
It is time. Acquire powered by Kelp is now dwell!
Your degen concierge is at your service.
Our first providing? Airdrop Acquire
🪂 https://t.co/yhaMzKomAe
One click on, limitless prospects. And there is additionally a token!
Here is every thing you should know.
👇 pic.twitter.com/2Pk49h6wne
— Kelp DAO (@KelpDAO) August 13, 2024
Kelp Acquire Vaults use good contracts to handle asset deployments and maximize airdrops and rewards throughout a number of layer two protocols. Person deposits are represented by on-chain tokens, that are then used to handle the stake.
Property deposited within the vault are then allotted to curated reward-earning alternatives. As time goes on, their distribution is re-adjusted to maximise the quantity of worth earned whereas minimizing threat.
Kelp claims that this strategy gives Vault customers entry to L2 airdrops however paired with the composability of DeFi. Amitej G, Co-founder of Kelp DAO, mentioned:
“By specializing in focused methods and integrating with each L2 protocols and mainnet DeFi yields, we’re offering customers with a complete, automated resolution to maximise rewards potential. This collaboration with our vary of companions ensures customers profit from streamlined entry to high-growth alternatives with minimal effort.”
The Airdrop Acquire Vault will probably be devoted to customers prepared to deposit property resembling or KelpDAO’s restacked Ethereum (rsETH). Deposits are represented as agETH tokens. These property are then bridged to associate layer twos to reinforce airdrop potential.
Moreover, this vault additionally integrates with mainnet decentralized finance (DeFi) yield incomes. On this manner, customers who deposit their ETH or rsETH can concurrently take part in a number of DeFi methods with out participating in difficult technique constructing.
The reward-bearing agETH token can be deployed on DeFi protocols resembling Pendle to earn further fastened yields or speculate on airdrops by incomes multi-fold factors. The Airdrop Acquire Vault is a results of a partnership with institutional crypto platform August because the good contract developer and Tilapia Capital because the lead technique associate. Additional layer two and DeFi companions embody Linea, Karak, Scroll, Pendle, Throughout, LZ, Spectra, Lyra, and a number of decentralized exchanges.
