With $750M+ TVL already clocked in, Kelp DAO is on the run up to a billion dollars in restaked assets. For everyone who joins us on this sprint, we want to make the journey even more rewarding. Introducing the Road to One Billion, a campaign designed to award 5M EigenLayer Points on top of what restakers accrue for their contribution.
How does Road to One Billion work?
Overall, there are 5 million additional EigenLayer Points up for grabs for restaking with Kelp. This is on top of the EigenLayer Points and Kelp Miles restakers will accrue normally.
Starting April 02, 8 AM PT:
- For the first 30,000 ETH restaked with Kelp, restakers get 100 additional EigenLayer Points for every ETH deposited
- For the next 40,000 ETH restaked with Kelp, restakers get 50 additional EigenLayer Points for every ETH deposited
- Overall, there are 5 million additional EigenLayer Points up for distribution across 70,000 fresh ETH deposits
Who is eligible?
The campaign starts on April 02, 2024, 8 AM PT and remains live for the next 30 days or until 70k ETH is deposited, whichever comes first. Everyone who deposits with Kelp DAO and mints rsETH within that duration is eligible for the rewards.
The rewards are applicable for only minting rsETH on Ethereum mainnet and accepted L2s. Currently, native staking on Arbitrum and Blast are live, with more L2s in the pipeline.
The following actions could lead to disqualification from the campaign:
- Using the same rsETH to generate rewards multiple times
- Swapping rsETH to obtain ETH and then restaking
Detailed FAQs on the campaign can be found here.
Restake ETH with Kelp and join us on the Road to One Billion. It’s going to be an epic ride.
For any questions, please feel free to reach out to us on Twitter, Telegram and Discord.
