According to a previous report by Zombit, with the increasing attention from the market on the liquidity mining race, investors have been rushing into the liquidity restaking protocol developed around EigenLayer in order to earn points and airdrops. This has led to a rapid growth in the Total Value Locked (TVL) of the related protocols in the past few months, and various protocols have launched different activities to attract users.
Today, KelpDAO, ranked third in TVL in the liquidity restaking race, announced the launch of “tokenization of points” feature, allowing platform users to trade points.
As a liquidity restaking protocol, users who participate in restaking on the KelpDAO platform can earn two types of points: Kelp Miles (which can receive KelpDAO token airdrops) and EigenLayer Restaked Points (which can receive EigenLayer token airdrops). According to the latest official announcement, the team will introduce liquidity for EigenLayer points and replace the originally non-transferable points with ERC20 tokens called KEP, allowing users to transfer and trade the points they have earned.
Users will soon be able to claim their KEP tokens on the Kelp dApp, and points will continue to be distributed weekly. Users will be able to choose to claim their EigenLayer points earned in the previous week every week in the future.
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