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SturdySturdyby0xFd1D36995d76c0F75bbe4637C84C06E4A68bBB3asturdyfi.eth

[SIP-022] Onboard Kelp Silo on Sturdy on Mode L2

Voting ended almost 2 years agoSucceeded

Summary

This proposal seeks to whitelist the Kelp aggregator and silo on the Sturdy UI for Mode L2.

About rsETH & Kelp

Kelp DAO is a decentralized, non-custodial liquid staking protocol built on Ethereum and 6 L2s including Mode, Arbitrum, OP, and Blast. It allows users to restake their ETH and LSTs (stETH, ETHx, and sfrxETH) and participate in the DeFi ecosystem with the help of rsETH. Kelp’s rsETH is a liquid restaking token that represents the underlying assets restaked with EigenLayer. Users can deposit ETH or the supported LSTs on the Kelp dApp on Ethereum Mainnet and L2s to mint rsETH, hold rsETH to accrue rewards, and use rsETH within DeFi or swap it back to any underlying asset at any time via the liquidity pool.

TVL: $800 Mn+ ETH Restaked: 234k Number of users: 18k+ Assets Supported: ETH, stETH, ETHx, sfrxETH

Silos

Kelp proposes to add the following to the Sturdy UI.

Network: Mode Lending/borrowing asset: WETH Collateral asset: wrsETH LTV: 90% Liquidation fee: 3%

Off-Chain Vote

Approve
113.89K STRDY100%
Reject
0 STRDY0%
Quorum:114%
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Timeline

Apr 15, 2024Proposal created
Apr 15, 2024Proposal vote started
Apr 18, 2024Proposal vote ended
May 07, 2024Proposal updated