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Kelp DAO

17 pieces · Dec 2023 to Sep 2024 · 1 flagship

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DeFi17 Ethereum14 L1/L22 Bitcoin1 ZK1

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12023

162024

Start here · the strongest pieces on Kelp DAO

Map11 Apr 2024EigenLayer ecosystem guide: AVS, operators, LRT and LRTfi mapIntroduces EigenLayer, AVS and liquid restaking, then maps the ecosystem: 23 AVS, node operators, 17 liquid restaking protocols and LRTfi apps such as Pendle and Prisma.Map14 Jan 2024zkAlpha Watchlist: 29 new infra and DeFi projects (modular, ZK, restaking)Update to the zkAlpha Watchlist, now tracking 174 projects across modularity, rollups, interop, ZK, FHE, restaking and intent-based DeFi. Recaps covered projects and adds short profiles of 20-plus new names such as Dymension, Saga, Zama, Fhenix and several LRT protocols.Thesis18 Dec 2023EigenLayer restaking and Kelp DAO rsETH: liquid restaking early queue thesisExplains restaking and its use cases (DA, sequencers, bridges, oracles), then argues Kelp DAO's rsETH can become the Lido of restaking as first mover with two audits. Details the Early Queue: 5,000 token cap each for stETH and ETHx and 1.25x Kelp Miles.

Timeline · every piece, newest first

2024 16

17 Sep 2024EIGEN airdrop: why LRT holders claim through restaking protocolsClarifies that LRT holders do not claim EIGEN through the EigenLayer portal but through the restaking protocols they used, such as Kelp and Swell. Only direct restakers and community allocation qualifiers claimed so far.ExplainerEthereumDeFi

15 May 2024INIT Capital wrsETH looping hook: four point systems at up to 5x leverageArgues the airdrop narrative persists as anti-sybil rules tighten, and walks through INIT's wrsETH looping hook for up to 5x leveraged exposure while farming Kelp Miles, Blast Gold, EigenLayer and INIT points. Compares it to Pendle YTs, flagging the liquidation risk.Market takeDeFi

04 May 2024EigenLayer roles: AVS, operators, LRT protocols and restakersMaps the four actor types in the EigenLayer stack: AVS protocols (Lagrange), operators (Ankr), liquid restaking protocols (Kelp) and restakers who supply the ETH. Uses Lagrange's parallel prover and Ankr's operator nodes as examples.ExplainerEthereumDeFi

01 May 2024What decides liquid restaking winners: LRT liquidity, airdrops, AVS choiceLists the factors behind LRT protocol success: airdrops, LRT liquidity and DeFi integrations, APY, AVS selection and security. Argues ether.fi keeps leading on first-mover TVL and liquidity, and that liquid restaking will end up less concentrated than liquid staking, where Lido dominates.ThesisDeFiEthereum

24 Apr 2024Last-minute LRT airdrop farming: Zircuit, Karak, AirPuff, Pendle, SwellFive tiered strategies to farm remaining restaking and LRT points, each with thesis, rewards, cost and risk, plus two non-LRT plays. Flags ezETH's depeg, Karak's team reputation risk and the total loss of principal on Pendle YT positions. Includes invite codes.Market takeDeFiEthereum

11 Apr 2024EigenLayer ecosystem guide: AVS, operators, LRT and LRTfi mapIntroduces EigenLayer, AVS and liquid restaking, then maps the ecosystem: 23 AVS, node operators, 17 liquid restaking protocols and LRTfi apps such as Pendle and Prisma.MapEthereumDeFi

05 Apr 2024Kelp DAO bull case ahead of the KELP token and airdropBull 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.ThesisDeFiEthereum

30 Mar 2024Euclid: underdog omnichain LRT protocol with an IDO at $2M valuationBarbell restaking strategy: back leaders like Kelp and underdogs like Euclid, whose team built Equilibria. Lays out IDO terms of a $2M launch valuation and 30% of supply sold on Bounce, April 2 to 4.ThesisDeFiEthereum

27 Mar 2024Liquid restaking explained: problems LRTs solve and key protocolsLists three restaker pain points (picking services, costly claims, locked liquidity) and how LRTs address them, then names 13 restaking protocols and expects the sector to follow in LSDFi's footsteps.ExplainerEthereumDeFi

19 Mar 2024Ankr as the liquid staking layer for Bitcoin via BabylonThesis that Ankr will issue LSTs for BTC staked through Babylon, mirroring ether.fi and Kelp on EigenLayer, with BTC's $1.2T mostly idle market cap as the addressable base. Compares Ankr's FDV with EtherFi and Lido.ThesisBitcoinDeFi

14 Mar 2024EigenLayer season: AVS and liquid restaking protocol list with ELI5Directory of 18 AVSes (EigenDA, AltLayer, Hyperlane, Espresso, Lagrange and others) and 16 liquid restaking protocols, with short explainers of EigenLayer, AVS and LRTs and the $12.3B TVL figure.MapEthereumDeFi

13 Mar 2024Stader's SD Utility Pool: lowering the barrier to run ETHx validatorsExplains that Stader's SD Utility Pool lets ETHx node operators borrow SD for a fee instead of buying it, with a 4 ETH bond giving 8x leverage on node capital. Argues delegation plus rising operator demand shrinks circulating SD.BreakdownEthereumDeFi

23 Feb 2024Kelp's KEP: tokenized EigenLayer points and what they could be worthExplains Kelp's KEP, an ERC-20 where 1 KEP equals 1 EigenLayer point, with weekly claims and a 0.5% fee. Uses other analysts' valuations of $0.1 to $0.14 per point to expect KEP near $0.15 at launch.BreakdownDeFiEthereum

24 Jan 2024EigenLayer ecosystem map: core protocol, AVSes, RaaS and restaking protocolsMaps the EigenLayer ecosystem into four layers (core protocol, AVSes, RaaS tooling, restaking protocols) and names leading examples in each, with Kelp above $180M TVL as the largest restaking protocol.MapEthereumDeFiL1/L2

19 Jan 2024EigenLayer as generalized trust and the case for restaking via KelpFrames EigenLayer as a generalization of Ethereum trust for DA layers, sequencers, bridges and oracles, then explains the restaking pain points rsETH solves and why Kelp, with over $174M TVL, is pitched as the leading LRT protocol.ExplainerEthereumDeFi

14 Jan 2024zkAlpha Watchlist: 29 new infra and DeFi projects (modular, ZK, restaking)Update to the zkAlpha Watchlist, now tracking 174 projects across modularity, rollups, interop, ZK, FHE, restaking and intent-based DeFi. Recaps covered projects and adds short profiles of 20-plus new names such as Dymension, Saga, Zama, Fhenix and several LRT protocols.MapL1/L2ZKDeFi

2023 1

18 Dec 2023EigenLayer restaking and Kelp DAO rsETH: liquid restaking early queue thesisExplains restaking and its use cases (DA, sequencers, bridges, oracles), then argues Kelp DAO's rsETH can become the Lido of restaking as first mover with two audits. Details the Early Queue: 5,000 token cap each for stETH and ETHx and 1.25x Kelp Miles.ThesisEthereumDeFi

Often covered with

EigenLayer110 ether.fi16 Pendle14 AltLayer23 Hyperspace9 Ankr16 Lagrange19 Lido16

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