
KelpDAO, in collaboration with EigenLayer, announced the launch of $KEP, set to launch tomorrow, introducing a significant development in the DeFi space by making EigenLayer Points liquid, ownable, transferable, and interoperable. $KEP, the first token representation of EigenLayer Points earned by Kelp, is now available for claiming, with a quick guide provided by KelpDAO. This innovation allows participants to freely trade and speculate on EigenLayer Points, with a trading pool already live. In related developments, EigenLayer has been acknowledged for its pioneering role in restaking, amidst the emergence of multiple liquid restaking protocols. Additionally, $KEP's tokenization of EigenLayer points has led to a trading valuation of $21 million. Eigenlayer also announced a significant $100M funding round from a16z, underscoring the growing investor interest in DeFi. Moreover, Uniswap’s proposal to activate revenue sharing has gone live, marking another notable event in the DeFi ecosystem.
The latest developments in DeFi👇 Eigenlayer announced that it raised $100M in funding from a16z Uniswap’s proposal to activate revenue sharing went live Kelp DAO released $KEP, the first token representation of Kelp's Eigenlayer Points. Kelp restakers can now easily sell… https://t.co/kKXeRVTSDG
Kelp tokenizes EigenLayer points, KEP trades at $21 million valuation https://t.co/0qnn5zGHA5
🔬 EigenLayer is a pioneer in restaking and seeing significant growth and ecosystem developments, while multiple liquid restaking protocols have also emerged. Check out the 🧵 for key takeaways and link to the full report 👇 https://t.co/gIM1nfnKhv
