Olive 🤝 KelpDAO
April 2nd, 2024

We are proud to announce our partnership with KelpDAO. This collaboration brings together Olive with KelpDAO's pioneering Liquid Restaking Solutions (LRS), specifically through the integration of rsETH on Olive.

A New Era for DeFi:

Olive Network, known for its commitment to making DeFi accessible and efficient through gasless transactions and native staking, now embarks on a new journey with KelpDAO. KelpDAO has made waves in the DeFi space with its liquid restaked token (LRT), rsETH, designed to offer liquidity to illiquid assets deposited into restaking platforms like EigenLayer.

The Power of rsETH on Olive:

By depositing rsETH into Olive, users can now unlock a suite of rewards that exemplifies the synergy between these two DeFi powerhouses. The partnership not only simplifies the restaking process but also enriches the reward ecosystem for participants. Here’s what users can look forward to:

  • A robust 3.43% staking yield for staking rsETH on Olive.

  • Additional restaking yield opportunities, further maximizing return on investment.

  • Accumulation of Kelp-miles, enhancing the benefits of holding rsETH.

  • The chance to earn Olive points, pivotal within the Olive rewards ecosystem.

1.5X Boost on Kelp Miles:

In an exciting development for stakers, this partnership also introduces a 1.5X boost on Kelp Miles for users who stake their rsETH on Olive for the first 30 days. Kelp Miles, the reward points of KelpDAO, represent a significant value proposition, offering users an increased reward rate as a benefit of this collaboration.

Why This Matters:

This partnership is more than just a technical integration; it’s a commitment to providing DeFi users with more opportunities to grow their investments in a secure and efficient ecosystem. For restakers, this means not only do they get to contribute to network security and earn rewards, but they also enjoy enhanced liquidity and reward through KelpDAO’s innovative solutions. Adding additional layer of utility for the LRT holders.

Looking Forward:

The collaboration between Olive Network and KelpDAO marks a significant milestone in our journey towards a more inclusive and rewarding DeFi ecosystem. By combining our strengths, we are setting new standards in the industry, providing users with unprecedented access to staking rewards and liquidity options.

We invite our community to embrace this new opportunity. Stake your rsETH on Olive, benefit from the boosted Kelp Miles, and be part of the future of DeFi. Together, let’s push the boundaries of what’s possible.

Subscribe to Olive Network
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from Olive Network

Skeleton

Skeleton

Skeleton