Earn from real world commerce. KUSD launching soon. Backed by: @yzilabs , Laser Digital, SCB
Joined September 2023
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Your agETH update is here! 🌱
Returns on ETH, from the on-chain share price:
⍛ Last 30 days: 4.5% annualised
⍛ Last 90 days: 4.0% annualised
⍛ Last 12 months: 3.9%
1 agETH is now worth 1.0873 ETH.
Explore the vault → kelpdao.xyz/gain
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When the buyer pays the invoice, the loan is repaid from that payment, and the seller can avail loan again.
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hgETH (High Growth Vault) update
UltraYield has decided to cease its role as the vault's strategy manager at 23:59 Singapore time on 18 October (15:59 UTC). Upshift, the vault's infrastructure partner since the inception of hgETH, will take over the management of the vault's operations for a seamless transition.
For holders:
• No action is needed. Your hgETH stays in your wallet.
• Withdrawals work as before: request on the vault page, and rsETH arrives in your wallet automatically after the 15 to 18 day redemption period.
Vault page: gain.kerneldao.com/vaults/gr…
hgETH contract (Ethereum): 0xc824A08dB624942c5E5F330d56530cD1598859fD
Kelp retweeted
We are excited to announce that the rsETH migration to @chainlink CCIP was completed on 5 October. rsETH now bridges between Ethereum and Base, Mantle, Ink, Linea and Optimism through CCIP.
We are excited to announce that the rsETH migration to @chainlink CCIP was completed on 5 October. rsETH now bridges between Ethereum and Base, Mantle, Ink, Linea and Optimism through CCIP.
To bridge, use the Kelp app, which routes through Chainlink's Transporter: kerneldao.com/kelp/bridge-wr…
Or go to Transporter: app.transporter.io
Token contracts on the five networks can be found below: docs.chain.link/ccip/directo…
Unwrapping wrsETH on these networks now returns CCIP rsETH.
$KUSD lends against trade. A company ships goods to a large buyer, the buyer pays weeks later, and the company needs the cash in between.
Some companies ask for more than their trade can support. When that happens, we offer a smaller loan that the trade can support, and the deal goes ahead
The four conditions protect the loan book, and they do not change. Resizing a deal is how we fund good companies without taking on more risk than their trade supports.
A lender that can only approve or decline in full would turn these companies away, or lend more than the trade can secure.
Today we filed a lawsuit against LayerZero and its co-founder, Bryan Pellegrino, to right the wrongs associated with the exploit of rsETH’s LayerZero bridge earlier this year. For more details, please refer to the statement below.
teapaw.org/KelpDAO/status/2103332…
Your agETH strategy update is here! 🌱
Last week's highlights:
⍛ Portfolio delivering 4.29% reward rate on ETH
⍛ 94% of capital in leveraged restaking on @aave
⍛ Arbitrum loops leading the book at 5.7%
Start earning → kelpdao.xyz/gain
