Kelp launches new asset management protocol Gain, amplifying airdrop and DeFi profit opportunities with one click

Kelp DAO, a leading liquidity re-staking protocol, is launching a new product, Gain , to optimize rewards. Gain simplifies access to multiple reward strategies while increasing users’ earning opportunities through airdrops and points.

Overview

Gain is a vault program that provides users with access to multiple top Layer 2 network rewards through a diverse single strategy. By integrating Layer 2 protocols and DeFi rewards, the program simplifies the way users participate in various DeFi strategies, and users no longer need to manage each position separately.

What is a vault?

Vault is essentially a smart contract that automatically deploys assets according to a given yield strategy. The strategy manager is responsible for designing the yield strategies that need to be covered, the allocation of deposits among the strategies, and the regular readjustment of the allocation plan, all of which are to ensure that the vault can achieve maximum returns and reduce risks.

This allows users to easily optimize their returns with just one click. Kelps vault is non-custodial, allowing users to withdraw funds at any time while receiving real-time transparency into asset deployment. As Kelps infrastructure partner, August will assist in building the vault smart contract, while Tulipa Capital will be responsible for strategy management.

Gain supports assets: ETH, rsETH (Kelp DAO), ETHx (Stader Labs), stETH (Lido Finance).

Partners:

Layer 2 partners: Linea, Scroll

Re-staking partners: Karak, EigenLayer

DeFi partners: Pendle, Lyra, Splice, Spectra

Bridge partners: LayerZero, Across

Strategic Management Partner: Tulipa

Infrastructure Partner: August

Process Analysis

• Asset deposit: Users select specific assets and deposit them into the vault on the Ethereum mainnet;

• Liquidity token minting: The contract will issue the corresponding liquidity token agETH based on the deposited assets;

• Asset bridging: Deposited assets will be bridged to L2 partners to increase airdrop benefits;

• Automatic allocation: The strategy manager will automatically adjust the allocation of deposited assets to optimize the airdrop benefits;

• Mainnet DeFi deployment: Users can use agETH to find more DeFi income opportunities on Pendle and other liquidity pools on the Ethereum mainnet, as well as on cooperative Layer 2.

Unique advantages

• Through the diversified strategy of integrating mainnet DeFi income, EigenLayer points and Kelp Miles, all Layer 2 airdrops can be obtained in one stop;

• Save gas fees and position management fees for small users;

• Simplify complex DeFi strategies with one-click solutions;

• Leverage agETH to further gain opportunities;

Rewards at a Glance

• Re-staking rewards: 3x Karak points (XP), 1x EigenLayer points;

• Layer 2 Rewards: Additional 15% rewards (1.38 times Linea LXP-L points), the highest level of Scroll Marks;

• Bridge incentives: a token pool with a total size of 125,000 ACX;

• 3x Kelp Miles bonus;

• More DeFi rewards.

About agETH

Users can use vaults LP token (agETH) on Pendle, obtain fixed income through PT, and speculate on airdrops through YT. In addition, users can also obtain DeFi opportunities on Layer 2 core market partners such as Lyra, Spectra, Splice, etc. There will be more similar income opportunities in the future.