6 ways to get liquidity and re-staking rewards on L2 with KelpDAO

2024-06-25 11:00

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Kelp has been at the forefront of innovation in liquid staking and creating more utility for their LRT, rsETH. This time is no exception! Kelp has expanded to 9 Ethereum Layer 2 networks, has over 40 DeFi partners and generous rewards, and has over $1 billion in TVL and over 44,000 re-stakers! Let’s take a look at Kelp’s activity on L2, providing users with a total of ~$1.5 million worth of mining opportunities.

Arbitrum:

Kelp received a LTIPP grant worth 250,000 ARB. This means more rewards for re-stakers on Arbitrum. Currently, they are offering $30 worth of ARB for every rsETH bridged or re-staked through Kelp. Partners including Balancer, Camelot, PancakeSwap, and Equilibria are eligible to share in ARB incentives.

Optimism:

They have also received a foundation grant worth 50,000 OP tokens, and are also offering $30 worth of OP for every rsETH re-staked/bridged through Kelp. DeFi partners Balancer and Extra Finance are working together to promote this opportunity.

Blast:

14,000 have been reserved for Kelp re-stakers. This means extra Blast Gold for staking, bridging, and DeFi opportunities. Partner DeFi protocols like Blasterswap, Juice Finance, and Thruster are also offering extra Gold to rsETH depositors!

ZKsync:

Recently, ZKsync announced 56 million ZK tokens as incentives for Kelp re-stakers. Kelp is offering up to $60 in ZK tokens for every rsETH minted as an incentive. Kelp is offering up to $60 in ZK for every rsETH minted. Earn additional Kelp Miles and ZK through Koi Finance and Syncswap.

Scroll:

Currently, Kelp’s rsETH is the only LRT that earns Scroll Marks points. Thanks to Scroll Sessions, wrsETH earns Tier 1 Marks Rewards on Scroll. This is incentivized in conjunction with points from Ambient Finance and Layerbank.

All of this, for just one LRT. Kelp’s rsETH really shapes re-staking on L2 into a one-of-a-kind experience. This makes it both rewarding and approachable for users around the world.