KelpDAO, in collaboration with EigenLayer, announced the launch of $KEP, set to launch tomorrow, introducing a significant development in the DeFi space by making EigenLayer Points liquid, ownable, transferable, and interoperable. $KEP, the first token representation of EigenLayer Points earned by Kelp, is now available for claiming, with a quick guide provided by KelpDAO. This innovation allows participants to freely trade and speculate on EigenLayer Points, with a trading pool already live. In related developments, EigenLayer has been acknowledged for its pioneering role in restaking, amidst the emergence of multiple liquid restaking protocols. Additionally, $KEP's tokenization of EigenLayer points has led to a trading valuation of $21 million. Eigenlayer also announced a significant $100M funding round from a16z, underscoring the growing investor interest in DeFi. Moreover, Uniswapβs proposal to activate revenue sharing has gone live, marking another notable event in the DeFi ecosystem.
The latest developments in DeFiπ Eigenlayer announced that it raised $100M in funding from a16z Uniswapβs proposal to activate revenue sharing went live Kelp DAO released $KEP, the first token representation of Kelp's Eigenlayer Points. Kelp restakers can now easily sellβ¦ https://t.co/kKXeRVTSDG
Kelp tokenizes EigenLayer points, KEP trades at $21 million valuation https://t.co/0qnn5zGHA5
π¬ EigenLayer is a pioneer in restaking and seeing significant growth and ecosystem developments, while multiple liquid restaking protocols have also emerged. Check out the 𧡠for key takeaways and link to the full report π https://t.co/gIM1nfnKhv
$KEP is now yours to claim! π $KEP is designed to bring liquidity to EigenLayer Points earned by Kelp. It can be freely transferred and traded, making EigenLayer Points highly liquid and enabling participation in DeFi. In fact, we already have a pool live! π π§ββοΈπ https://t.co/VgI2UAl9Du
Just a few hours until $KEP claims begin. π± Enter a whole new dimension of restaking rewards with $KEP, the first-ever token representation of EigenLayer Points earned by Kelp. Looking for a quick guide to claiming $KEP? Here's all you need to know π https://t.co/h9KAgYN5KA
$KEP from @KelpDAO launches tomorrow & it will change the @eigenlayer points game. Currently, EL points are non-liquid, non-ownable, non-transferable, and not interoperable. $KEP changes this and creates a new way to realise and speculate on EL points. Yes, you can sell EL⦠https://t.co/D0N1JY6GHo