SGR 26: rsETH Airdrop Gain Gauge Listing Request

Gauge Request Presentation:

• Targeted Pair: LP-agETH
• Pool contract address: 0x952Ac974fF2f3ee5c05534961B661FE70fD38B8A
• IBT contract address: 0xe1B4d34E8754600962Cd944B535180Bd758E6c2e
• Current TVL on in the Pair’s liquidity: $244k
• Current TVL as IBT: $151.1M
• Twitter link: Kelp DAO,
• chain : Ethereum mainnet

Simple Summary:

The Airdrop Gain vault lets you deposit ETH, rsETH, stETH, or ETHx into to earn airdrops and DeFi yields. Upon deposit, you receive agETH, a tradable ERC-20 token representing your staked assets. The assets are bridged to Layer 2 networks for airdrop optimization and deployed on Pendle for additional DeFi yields. This dual strategy aims to maximize your returns through airdrops and DeFi yields.

Benefit of this integration for Kelp DAO

• Increased liquidity
• Increase visibility
• Additional yield opportunities for their community

Benefit of this integration for Spectra

• More yield opportunities for APW holders
• Increase in Spectra’s tokenized TVL

Metrics:

The Kelp DAO protocol, has a total TVL of $638.7M, of which 151.1M are deposited on the Airdrop Gain strategy Kelp DAO has 107.6k followers on X. The strategy’s estimated revenue is 2.57% IBT APR as well as several potential airdrops.