Kelp DAO bull case ahead of the KELP token and airdrop
Thread582 words
Bull case for Kelp as the fourth largest LRT protocol at $716M TVL, with a Road to One Billion bonus of 1000 EL points, broad L2 presence and tokenized EigenLayer points. Cites ether.fi's >$5B FDV as the comparable. Includes a referral link.
Key claims
Kelp TVL is $716M, 4th largest LRT protocol
Road to One Billion gives 1000 extra EL points per deposit
rsETH is live on Arbitrum, Blast, Manta and Scroll
My main bet on the @eigencloud restaking season is @KelpDAO. It has been a first mover on the narrative and a leading innovator.
I have been watching this one closely for months. Today, I will lay out the bull case for the upcoming token launch + airdrop! 🪂
Alpha-🧵 t.co/QUBs3FHG9i
1/ @eigencloud will be the most significant launch since Ethereum itself and the airdrop will probably be the largest in crypto history.
Users of restaking protocol like @KelpDAO are accumulating EigenLayer points that might lead to a huge airdrop allocation. 🪂
2/ On top of that, @KelpDAO users earn Kelp Miles, which will be the key eligibility criteria for the upcoming KELP launch!
Looking at @ether_fi's > $5B FDV, this could be a lot of money as well. 👀
3/ If you want to learn more about @KelpDAO, check my deep-dive below! 👇
x.com/zerokn0wledge_/status/1736726918530310462
4/ @KelpDAO has been among the leading restaking providers since the start and currently sits at $716M in TVL, which makes it the 4th largest liquid restaking protocol on the market.
5/ Recently, @KelpDAO kickstarted the final sprint before the token launch.
The Road to One Billion.
Restakers now earn 1000 additional EL points as a deposit bonus on top of the normal EL points and Kelp Miles rewards!
x.com/KelpDAO/status/1775186649007448105
6/ The goal is simple. Push protocol TVL beyond $1B.
With the additional incentives, I expect this to happen quickly.
Especially considering that @KelpDAO is not only very strong in terms of DeFi integrations of their LRT (rsETH) but also present in all major L2 ecosystems.
7/ Users can for example restake ETH natively on @arbitrum.
x.com/KelpDAO/status/1767581996430364818
8/ The same is possible on @Blast_L2!
x.com/KelpDAO/status/1772304096256741732
9/ Or on @MantaNetwork, where it is among the leading LRT protocols!
x.com/MantaNetwork/status/1769753808966680875
10/ @KelpDAO is also expanding to @Scroll_ZKP, further strengthening its position in the L2 market.
x.com/KelpDAO/status/1775901186991988871
11/ But @KelpDAO's innovation is not limited to the choice of execution layers.
Kelp pioneered the concept of tokenized @eigencloud points, providing users an opportunity to get fully liquid ERC-20 exposure to EigenLayer.
x.com/zerokn0wledge_/status/1761061485206548522
12/ This provides an alternative to the already quite popular points trading on @WhalesMarket (and often provides a cheaper entry).
What you can still do on Whales Markets though, is trade Kelp Miles.
x.com/WhalesMarket/status/1772991110597734897
13/ rsETH is one of the most adopted LRTs on the market.
There are many DeFi integrations to highlight but one of them is definitely that you can deposit rsETH on @0xOlive with exclusive rewards.
x.com/KelpDAO/status/1775122801034199146
14/ Another one is the rsETH @zircuit Pool on @pendle_fi.
x.com/pendle_fi/status/1773332968884535793
15/ If you're already FOMOing hard, I recommend you to check out @airpuff_io, an AI-driven AirdropFi tool that partnered with @KelpDAO to allow users to leverage farm EL points and Kelp Miles with rsETH.
x.com/airpuff_io/status/1774808297876680705
16/ If you want to learn more about the powers of AirPuff, check out my thread below! 👇
x.com/zerokn0wledge_/status/1775161328426225666
17/ In conclusion, @KelpDAO provides a very sound and user-friendly solution that has an entire ecosystem of applications evolving around it.
It's strong L2 presence and the additional incentives will surely be a major growth driver as well.
Don't fade anon.
18/ If you want to get started with restaking on @KelpDAO and qualify for huge airdrops, use the below link! 💸👇
www.kelpdao.xyz/?utm_source=zerokn0wledge
That's a wrap for today, I hope you've found this thread helpful! 🫡
Make sure to follow me @zerokn0wledge_ to stay ahead of the curve on the restaking / @eigencloud narrative! ✨
Like/Repost of the below post is also highly appreciated! 🙏👇
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