A Kelp DAO airdrop typically refers to the distribution of tokens or assets from the Kelp decentralized autonomous organization (DAO) to members of the community.
In the context of cryptocurrency and decentralized finance (DeFi), an airdrop is a marketing tactic used by projects to distribute tokens or assets to a wide range of wallet addresses for various purposes such as community building, incentivizing participation, or raising awareness about a project.
A Kelp DAO airdrop could be conducted to distribute governance tokens, utility tokens, or other assets to individuals who have participated in the Kelp ecosystem, such as liquidity providers, traders, or contributors. The airdrop mechanism is often used to reward early adopters, encourage continued engagement, and foster a sense of community ownership within the DAO.
Participants in a Kelp DAO airdrop may receive tokens directly into their cryptocurrency wallets based on predetermined criteria set by the DAO governance or through participation in specific activities within the Kelp ecosystem.
Step-by-Step Guide:
- Visit the Kelp DAO website.
- Connect your Ethereum or Arbitrum wallet.
- You will need ETH or other LSTs like stETH, ETHx or sfrxETH. You can get ETH on Binance.
- Now stake it on Kelp DAO.
- You will get Kelp DAO’s liquid staking token rsETH.
- You will now start earning yield as well as Kelp Miles and EigenLayer points.
- Also, click on “DeFi” and provide liquidity to one of the available rsETH pools to earn more Kelp Miles.
- Go to “Dashboard” and refer your friends to earn 10% Kelp Miles from each referral.
- They’ve also launched a non-governance token called “KEP” for users to convert their EigenLayer points to a tradable token. For more info regarding KEP, see this tweet.
- They don’t have a governance token yet but have hinted at rewarding users who collect Kelp Miles.
- So, the users who collect Kelp Miles will likely get an airdrop if their token goes live.
