Kelp November 2025 recap ๐ฑ
โง Major launches & product updates
โ High Gain (hgETH) held its position as the #1 ETH vault by 90-day performance rate among vaults >$10M TVL outperforming the next best vault by 50%, while delivering 13% rewards through market volatility.
โ Airdrop Gain (agETH) delivered ~12% weekly rewards with $45M TVL via institutional strategies from
@k3_capital and
@august_digital.
โ Stable Gain (sbUSD) maintained ~11% rewards with $8M TVL, resilient through depegs and liquidations via
@ultrayieldappโs risk-adjusted reward strategies.
โง rsETH integrations & milestones
โ wrsETH went live on
@aave v3
@avax market with a 5k supply cap, filling rapidly post-launch.
โ Native rsETH minting/bridging launched on
@inkonchain, with integrations on
@tydrohq and
@VelodromeFi.
โ On the Aave v3
@arbitrum market, rsETH hit $183.9M TVL, maxing the 60k ETH supply cap.
โ DRIP Epoch 7 deployed with ~2M ARB incentives for ETH strategies.
โ rsETH's market cap on Arbitrum reached ~$175M ( 450% since the start of DRIP).
โง Community & events
โ
@GAmitej joined
@croll83 (co-founder,
@TacBuild) on a DeFi-ning episode discussing TON, liquidity layers, and LRT evolution.
โง
@kernel_dao ecosystem news
โ Co-founder
@GAmitej spoke at NextFin NYBW, presenting how Kred is building the Internet of Credit - connecting stablecoin liquidity with real-world short-term credit and bridging DeFi with traditional finance.
November was a month of solid execution and steady growth across Kelp & Gain.
Stay tuned for what's next!