Kelp DAO introduces "Road to One Billion" points program to distribute up to 5 million EigenLayer points

Kelp DAO introduces "Road to One Billion" points program to distribute up to 5 million EigenLayer points

𝕏/@KelpDAO •

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More on Kelp DAO

Kelp DAO reported a bug in their fee minter contract that caused excess rsETH tokens to be minted to their fee address

Kelp DAO reported a bug in their fee minter contract that caused excess rsETH tokens to be minted to their fee address

𝕏/@kelpdao ·

SparkLend adds KelpDAO $rsETH, Renzo $ezETH, T Network $tBTC and Lombard $LBTC

SparkLend adds KelpDAO $rsETH, Renzo $ezETH, T Network $tBTC and Lombard $LBTC

𝕏/@sparkdotfi ·

Llama Risk publishes comprehensive report on KelpDAO's rsETH. Advises creation of a bug bountry program, communication improvements, and transition to a fully decentralized DAO structure.

"Although KelpDAO has taken positive strides in making rsETH a suitable collateral asset, we generally advise caution when assuming exposure to any liquid restaking token. The sector remains highly speculative, driven by points programs that may lead to rapid shifts in demand for the asset, potentially resulting in sustained depeg events. LRTs are generally a less mature asset class with substantial centralization vectors and reliance on off-chain services that often involve processes overseen by the protocol team."

Llama Risk publishes comprehensive report on KelpDAO's rsETH. Advises creation of a bug bountry program, communication improvements, and transition to a fully decentralized DAO structure. "Although KelpDAO has taken positive strides in making rsETH a suitable collateral asset, we generally advise caution when assuming exposure to any liquid restaking token. The sector remains highly speculative, driven by points programs that may lead to rapid shifts in demand for the asset, potentially resulting in sustained depeg events. LRTs are generally a less mature asset class with substantial centralization vectors and reliance on off-chain services that often involve processes overseen by the protocol team."

𝕏/@LlamaRisk ·

KelpDAO to enable $rsETH withdrawals on May 03, 2024, initially into $ETHx, $stETH and $sfrxETH

KelpDAO to enable $rsETH withdrawals on May 03, 2024, initially into $ETHx, $stETH and $sfrxETH

𝕏/@KelpDAO ·

Kelp DAO tokenizes EigenLayer airdrop points, launching $340m market with KEP trading around $0.17 after 4.6 million tokens claimed.

Kelp DAO tokenizes EigenLayer airdrop points, launching $340m market with KEP trading around $0.17 after 4.6 million tokens claimed.

DL News ·

Liquid restaking protocols witness a substantial jump in total value locked, surpassing $3.5 billion. Platforms such as Etherfi, Renzo, Kelp, Puffer, and Bedrock experience a surge in deposits.

Liquid restaking protocols witness a substantial jump in total value locked, surpassing $3.5 billion. Platforms such as Etherfi, Renzo, Kelp, Puffer, and Bedrock experience a surge in deposits.

The Block ·

Kelp DAO reported a bug in their fee minter contract that caused excess rsETH tokens to be minted to their fee address

Kelp DAO reported a bug in their fee minter contract that caused excess rsETH tokens to be minted to their fee address

𝕏/@kelpdao ·

SparkLend adds KelpDAO $rsETH, Renzo $ezETH, T Network $tBTC and Lombard $LBTC

SparkLend adds KelpDAO $rsETH, Renzo $ezETH, T Network $tBTC and Lombard $LBTC

𝕏/@sparkdotfi ·

Llama Risk publishes comprehensive report on KelpDAO's rsETH. Advises creation of a bug bountry program, communication improvements, and transition to a fully decentralized DAO structure.

"Although KelpDAO has taken positive strides in making rsETH a suitable collateral asset, we generally advise caution when assuming exposure to any liquid restaking token. The sector remains highly speculative, driven by points programs that may lead to rapid shifts in demand for the asset, potentially resulting in sustained depeg events. LRTs are generally a less mature asset class with substantial centralization vectors and reliance on off-chain services that often involve processes overseen by the protocol team."

Llama Risk publishes comprehensive report on KelpDAO's rsETH. Advises creation of a bug bountry program, communication improvements, and transition to a fully decentralized DAO structure. "Although KelpDAO has taken positive strides in making rsETH a suitable collateral asset, we generally advise caution when assuming exposure to any liquid restaking token. The sector remains highly speculative, driven by points programs that may lead to rapid shifts in demand for the asset, potentially resulting in sustained depeg events. LRTs are generally a less mature asset class with substantial centralization vectors and reliance on off-chain services that often involve processes overseen by the protocol team."

𝕏/@LlamaRisk ·

KelpDAO to enable $rsETH withdrawals on May 03, 2024, initially into $ETHx, $stETH and $sfrxETH

KelpDAO to enable $rsETH withdrawals on May 03, 2024, initially into $ETHx, $stETH and $sfrxETH

𝕏/@KelpDAO ·

Kelp DAO tokenizes EigenLayer airdrop points, launching $340m market with KEP trading around $0.17 after 4.6 million tokens claimed.

Kelp DAO tokenizes EigenLayer airdrop points, launching $340m market with KEP trading around $0.17 after 4.6 million tokens claimed.

DL News ·

Liquid restaking protocols witness a substantial jump in total value locked, surpassing $3.5 billion. Platforms such as Etherfi, Renzo, Kelp, Puffer, and Bedrock experience a surge in deposits.

Liquid restaking protocols witness a substantial jump in total value locked, surpassing $3.5 billion. Platforms such as Etherfi, Renzo, Kelp, Puffer, and Bedrock experience a surge in deposits.

The Block ·

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