Introducing the KelpDAO Points Boosting Program
$wrsETH is now live in the Rho Markets supply pool with @kelpDAO!
wrsETH is a liquid restaked token that empowers users to receive Ethereum staking and restaking rewards while retaining liquidity and the ability to participate in DeFi.
Supply $wrsETH in Rho Markets supply pool for rewards from multiple sources:
- Scroll Marks
- RXP (Rho Loyalty Points)
- Eigen Points
- 3x Kelp Miles
Supply: https://dapp.rhomarkets.xyz/market/wrsETH
Kelp Miles & EigenLayer Points
Kelp Miles will help us understand their contribution to Kelp and define the proportion of distributing rewards later.
Kelp Miles = (Amount of rsETH)*Number of days*10,000
- With restaking, one of the major incentives for a restaker is the additional yield on restaked ETH. Kelp Miles are designed to be complementary to EigenLayer restaked points and offer an additional layer of incentives to restakers.
- Kelp Miles are meant to make the process of restaking even more rewarding, and to offer restakers incentives proportionate to their restaking contribution.
EigenLayer Restaked Points
All the users who successfully restake with Kelp before the deposit caps on EigenLayer close are eligible to receive the EL Restaked Points.
The Restaked Points will be distributed at individual levels proportionate to the amount of LST deposited.
Please note: Assets restaked on Kelp are deposited into EigenLayer at a set frequency. There will be a small time gap between assets getting deposited on Kelp and Kelp depositing those assets on EigenLayer.
So, EL points are normalized for all the deposits at the time of daily snapshots. Due to this, there could be a small difference between ideal and actual EL points received by users. The Kelp DAO team is working to increase the frequency of the deposits to ensure the offset due to normalization is minimal.
More details:
https://kelp.gitbook.io/kelp/explore-rseth/kelp-miles-and-eigenlayer-points
How to achieve Multi-Layer points yield in Rho Markets?
Step 1: Bridge your $wrsETH assets to the Scroll network in https://dapp.rhomarkets.xyz/bridge
Users also can get wrsETH from here:
https://www.kelpdao.xyz/restake/?utm_source=Rho
Step 2: Supply $wrsETH in the Scroll Rho Markets Supply Pool.
By following these steps, you will enjoy multi-layered rewards, including:
- Scroll Marks: Native reward points from the Scroll network.
- RXP (Rho Loyalty Points): Loyalty points from Rho Markets.
- Eigen Points: Reward points from the Eigen network.
- Kelp Miles: Earn a 3X multiplier on your Kelp Miles.
