agETH Launch in Rho Markets

Exploring Kelp DAO’s Token Ecosystem: rsETH and agETH

Kelp DAO is leading a DeFi revolution, with its token ecosystem centered around two core assets — $rsETH and $agETH. Each possesses unique strengths, but together they create an even more powerful synergy.

Achievements of Collaboration Between Rho Markets & Kelp DAO

In the past few months since launching rsETH, the collaboration between Rho Markets and Kelp DAO has achieved significant milestones, with nearly 1,000 wrsETH supplied to Rho Markets and maintained over time. Moreover, the two parties have jointly launched a threefold Kelp Miles rewards activity and held community AMAs, receiving enthusiastic support from the Scroll community.

We are excited to announce the upcoming launch of agETH, which will further enhance the stability and application of Kelp DAO’s entire “GAIN” system on Scroll. This marks an important step in our efforts to advance “GAIN” development and deepen community engagement.

rsETH: A Flexible Utility Token

rsETH is a versatile token designed to provide users with a seamless experience in exchanging and lending on DeFi platforms. Its architecture allows for cross-chain operations, enhancing capital liquidity and usability. Whether you’re trading, borrowing, or engaging with DeFi protocols, rsETH serves as an ideal choice for users, enabling them to move assets flexibly across multiple platforms and optimize their asset allocation.

agETH: The Pioneer of Reward Optimization

agETH is known as the “reward collector.” Once users deposit assets on specified platforms, they receive this token, unlocking a myriad of additional benefits, such as airdrops. The design philosophy behind agETH is to help users maximize their earning potential while providing holders with a wealth of reward opportunities.

The process of using agETH is remarkably straightforward. Users simply need to deposit ETH, rsETH, ETHx, or stETH into Kelp’s Gain platform to receive agETH. Its seamless integration with various partnerships means that holders can take advantage of multiple airdrop opportunities within different DeFi ecosystems while significantly reducing gas fees. Collaborations with platforms like Linea, Scroll, Karak, and EigenLayer enable users to perform cross-chain operations at zero bridging costs.

Maximizing Returns: Combining rsETH and agETH

By combining rsETH and agETH, users not only gain access to traditional token rewards but can also enhance their earning potential through various strategies. By depositing a portion of rsETH into the Airdrop Gain vault, users can mint agETH while simultaneously earning rewards from both tokens. Additionally, participating in liquidity pools for rsETH and agETH on platforms like Balancer and Pendle offers users further opportunities to increase their returns.

Cross-Chain Advantages and Future Outlook

Currently, users can utilize @axelar for cross-chain operations of agETH on Scroll L2. In the future, agETH will also be integrated with the Rho Markets lending protocol, allowing users to explore more yield strategies. For example, users can deposit the agETH generated after interactions with Kelp DAO back into Rho Markets’ agETH supply pool, obtaining higher APY, including Scroll Marks and RXP.

As the agETH Borrow feature opens up in the future, users will be able to borrow a broader range of assets supported by Rho Markets, further expanding their yield strategies in conjunction with other DeFi protocols.

Conclusion

Kelp DAO’s token model and its collaboration with Rho Markets illustrate the limitless potential of the DeFi space.

By effectively leveraging the combination of rsETH and agETH, users can maximize their earnings while exploring innovative wealth opportunities within the Rho Markets ecosystem.

Whether you’re a newcomer or an experienced investor, this dynamic token ecosystem will empower you to succeed in the DeFi landscape. The close partnership with Rho Markets ensures Kelp DAO’s ongoing development and stability in the future, opening up even broader investment avenues for users.

Join us on this journey as we explore greater possibilities for Yield!