Feb 29, 01:00 PM

KelpDAO Launches $KEP, Tokenizing EigenLayer Points with $21 Million Valuation

KelpDAO has officially launched $KEP, marking a significant advancement in the EigenLayer ecosystem by introducing the first-ever token representation of EigenLayer Points. This innovation transforms previously non-liquid, non-ownable, non-transferable, and non-interoperable EL points into a tradable and transferable asset, thereby enabling participation in decentralized finance (DeFi) activities. With the launch, $KEP claims have commenced, allowing holders to bring liquidity to their EigenLayer Points. Additionally, a trading pool for $KEP is now live, facilitating its free transfer and trade. In a related development, Origin Protocol announced Eigen Bonus Week, promising 1 million bonus EigenLayer points, further incentivizing participation in the ecosystem. TheBlock reports that following the launch, KEP has achieved a valuation of $21 million.

#KelpDAO #EigenLayer #EigenLayer Points #Origin Protocol #Eigen Bonus Week #TheBlock

Written with ChatGPT (GPT-4).

Sources

Additional media

Image #1 for story kelpdao-launches-kep-tokenizing-eigenlayer-points-21-million

KelpDAO Launches $KEP, Tokenizing EigenLayer Points with $21 Million Valuation

Sources

Additional media

Similar Stories