KelpDAO Native Restaking & $KEP Tokenizing EL Points

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💎 Biggest Yield & Airdrop Opportunity in 2024: Liquid Restaking 💎 Restaking & EigenLayer are changing the Ethereum Ecosystem 🧵 You can now get $EIGEN exposure early through tokenized EigenLayer Points. While earning Yield & Airdrops. 🪂 𝗔𝗹𝗽𝗵𝗮 + 𝗔𝗶𝗿𝗱𝗿𝗼𝗽 ↓

✦ Introduction ✦ Native Restaking ✦ $KEP Token ✦ Airdrop ✦ Alpha ✦ Conclusion

✦ Introducing @KelpDAO. KelpDAO is the best place to Liquid Restake your LSTs to receive Airdrops and earn additional rewards. > $600M in assets deposited on EigenLayer via Kelp → Making it one of the largest Liquid restaking platforms for native ETH & LSTs

First of all, if you're lost with all these terms, let's see what they stand for. LST: Liquid Staking Token, a receipt token to evidence ownership of staked token. Example: ETHx by Stader. You can then use these receipt tokens in DeFi. You can also Restake them ↓

EigenLayer was one of the first to position itself on the Restaking Narrative. Restaking enables staked ETH to be used as cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards. However, LST Restaked are now locked & illiquid.

This is where LRT, Liquid Restaked Token, comes into play. LRTs are receipt tokens to prove ownership of Restaked tokens. Example: $rsETH by Kelp. By holding $rsETH you earn Staking & Restaking Rewards. You can then use these tokens in DeFi to earn even more Yield.

✦ Native Restaking Kelp now introduces Native Restaking! Restake ETH directly via Kelp. Native Restaking allows users to earn EL Points regardless of EigenLayer caps. You will still earn Kelp Miles in addition to that as usual. You just need to Restake $ETH and mint $rsETH

When you restake native $ETH with Kelp, there are 3-fold benefits. • EigenLayer Points → $KEP token • Kelp Miles • + 100k Bonus Kelp Miles per rsETH

✦ $KEP Token $KEP is a token representation of EigenLayer Points. → Restakers will be able to transfer & trade their earned points and also participate in DeFi $KEP claiming: 28 Feb, 12 PM PT. Keep in mind that Kelp Miles & a potential $KELP token are different from $KEP.

❔ What is the point of $KEP? • Introducing a value for EL Points • Creating more on-chain opportunities for users to leverage and benefit from the EigenLayer Points • Participating in DeFi → Trading of $KEP on AMMs, LP on DEXes to earn Kelp Miles & Swap Fees, etc.

✦ Airdrop Restaking with Kelp allows you to: • Earn EL Points that you can claim as $KEP and start using, while waiting for the EigenLayer Airdrop • Earn Kelp Miles for a potential $KELP Airdrop • Earn Airdrops from other projects, as it happened with AltLayer recently

❔ How to Participate? You can use my link to obtain 10% extra Kelp Miles on your deposits, and to support me: kelpdao.xyz/restake/?utm_source=shiro Then you just have to directly deposit $ETH on Kelp. You will automatically receive EL Points & Kelp Miles 💰

As a proof of your deposit you'll receive $rsETH, that you can use in DeFi. → More Yield, Capital Efficiency enhanced. You will also be able to claim EL Points as $KEP, starting Feb 28!

✦ Alpha • Exposure to a double potential Airdrop: EigenLayer & Kelp • Potentially other projects airdropping Restakers (happened already with AltLayer) • Claim EigenLayer Points as $KEP • $600M TVL • I've heard $KELP might be in Q2 2024 👀, nothing confirmed

• Co-founded by Stader Founders • Backed by track record of Stader Founders (2.5y building LSTs, 40+ DeFi integrations, 90k+ stakers, ...) • First LRT audited, double audit by code4rena & SigmaPrime • ~14% of EigenLayer total TVL → Best Beta Play to EigenLayer Narrative

KelpDAO is in Partnerships with many projects: Stader, Frax, Pendle, Penpie, Equilibria, Zircuit, Camelot, Ramses, etc. → Enhanced utility for $rsETH And many more integrations are coming. You can now even use $rsETH on Arbitrum twitter.com/KelpDAO/status/1758196500797276572

You can even participate to the LayerZero Airdrop as $rsETH is now an OFT. ❔ How? Bridge $rsETH to Arbitrum and interact with LayerZero for the 3-1 Airdrop Strategy Kelp-Eigenlayer-LayerZero 👀 twitter.com/LayerZero_Labs/status/1758208111285060056

✦ Conclusion This thread was made in collaboration with @KelpDAO. Restake $ETH with KelpDAO and get first claim on $KEP. Earn Rewards & Yield. Restake here: kelpdao.xyz/restake/?utm_source=shiro NFA of course, exercise caution as always.

Some Kelp Early Chads: @jake_pahor @its_airdrop @DeRonin_ @TheDeFISaint @MercyDeGreat @zerokn0wledge_ @DeFi_Made_Here @TheDeFinvestor @PendleIntern @ViktorDefi

Frens that might be interested in Restaking & LRT: @DeFi_Taha @Hercules_Defi @rektdiomedes @wacy_time1 @CryptoGideon_ @Deebs_DeFi @poopmandefi @hmalviya9 @0xelonmoney @0xAndrewMoh @Slappjakke @CryptoNikyous @ayyyeandy @0xCrypto_doctor @arndxt_xo @dontbuytops @matrixthesun