Kelp DAO Unveils ‘Gain Vault’ to Maximize Airdrop L2 Rewards

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Liquid recharge platform Kelp DAO today announced the launch of “Kelp Gain Vaults”, a new program designed to increase the chances of receiving airdrops and rewards. The program is the first to offer access to multiple Layer 2 (L2) airdrops, allowing users to maximize their crypto rewards and earnings through a single diversified strategy.

“The Kelp Gain Vault is a leap forward in user experience, reward optimization and DeFi compounding,” Kelp DAO co-founder Amitej G said in a press release.

The program’s initial offering will include the Airdrop Gain Vault, a specialized vault that facilitates engagement in airdrop opportunities via various L2 protocols. Users can deposit assets into the Airdrop Gain Vault and receive a synthetic token representing their share of the vault.

Instead of investors managing their investments in each project separately, Kelp Gain Vaults handles everything. Vaults use smart contracts to optimize airdrops and manage reward allocations, with periodic strategy adjustments to maximize returns and mitigate risks.

For example, when a user deposits assets such as Ether (ETH) or Liquid Stake Ethereum (rsETH) into the vault, these assets will be transferred to L2 partner networks to increase the chances of receiving airdrops from these networks. Beyond airdrops, deposited assets are also used to participate in various DeFi strategies.

The user receives the synthetic agETH token in exchange for his deposit and can use the agETH token to participate in other earning opportunities on various DeFi platforms.

The initiative includes partnerships with platforms such as August and Tulipa Capital, alongside various L2 and DeFi collaborations with projects such as Linea, Karak, Scroll, Pendle, Across, LZ, Pendle, Spectra and Lyra.

These partnerships allow Kelp Gain Vaults to offer a diverse range of investment opportunities and use sophisticated strategies to increase returns, the team said.

“By focusing on targeted strategies and integrating with both L2 protocols and mainnet DeFi returns, we provide users with a comprehensive and automated solution to maximize reward potential,” noted Amitej G, ensuring that users will benefit from simplified access to L2 Airdrops and DeFi. yield with minimal effort.

In early May, Kelp DAO successfully raised $9 million in a private funding round led by SCB Limited and Laser Digital, with some prominent participants including Bankless Ventures, Hypersphere, Draper Dragon and angel investors.

Kelp DAO plans to expand its liquid replenishment services to other blockchain ecosystems, including Solana and Bitcoin, in addition to its existing offerings on Ethereum and various L2 networks.

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