DeSyn Protocol and Kelp DAO have teamed up to introduce an exciting restaking initiative for users, promising substantial rewards for participants. To mark our partnership, we kick off a joint campaign named “Big Bang,” featuring highly lucrative rewards to early supporters of the fund during its inaugural month. The four-week campaign begins on June 13, 2024, allowing participants to earn attractive incentives.

During this event, participants will have the opportunity to stake ETH across two distinct vaults based on the Ethereum and Arbitrum chains. By leveraging the strengths of DeSyn and Kelp DAO, this initiative promises a versatile and rewarding experience for our communities and beyond.

Our collaboration aims to boost user engagement and deliver significant returns on investment. Therefore, we encourage investors to seize this unique opportunity to maximize their returns while contributing to the dynamic ecosystem of decentralized finance.

What to Expect in Return?

Users typically encounter limited rewards in the dynamic landscape of staking and restaking. However, participants in our “Kelp DAO ETH Restaking Fund” can benefit from four distinct types of rewards, including boosted points:

1) Lucky Draw Rewards for weekly additional wins

2) Ongoing Tier-based Rewards on staking tier

3) One-Time Fixed Rewards for guaranteed returns

4) Restaking Points All-in-One Rewards for earning Team Leader points + Team Incentives through teamwork.

Additionally, participants can enjoy extra boosted rewards, which depend on the combined Total Value Locked (TVL) in the pool — the higher the pool’s TVL, the greater the potential rewards. This multi-tiered reward system ensures participants can maximize their benefits and incentives based on collective performance. Below are the details for each reward category.

1. Lucky Draw Rewards

Participants will have the chance to share a $4,000 prize pool via a lucky draw, with each winner receiving $100 in USDC or $100 in ARB tokens based on the selected vault. This exciting lucky draw will occur every Thursday across four consecutive weeks, with 10 winners announced each week. Following each weekly draw, winners will be announced on the DeSyn Twitter account. Please see the table below for further details.

2. Ongoing Tier-Based Rewards

The ongoing tier-based rewards are directly tied to the duration and amount of your staking. The longer and larger your staking, the higher your rewards will be, with rewards calculated based on hours + staking amount.

Additionally, by staking in the Kelp DAO ETH Restaking fund during the “Big Bang” campaign, participants can earn up to +3x Kelp Miles and 3x DeSyn Points based on the pool’s TVL. As the TVL increases, so do the rewards, promoting global teamwork for mutual gains. The exact reward allocation is contingent upon the actual investment and participation levels. Below is the detailed reward structure for your reference.

3. One-Time Fixed Rewards

During the “Big Bang” campaign, participants staking 1 ETH or more automatically qualify for “One-Time Fixed Rewards,” which are divided into a 4-week tier structure. This means starting from the week you invest, you will only qualify for that week’s rewards — the earlier you join, the more rewards you’ll unlock.

Our one-time fixed reward is a gesture of appreciation for each investor’s initial support and contribution to our joint venture fund with Kelp DAO. Following a month of staking, rewards can be withdrawn at any time. Refer to the details below for a breakdown of reward offerings.

4. Restaking Points All-in-One Rewards

Restaking Points All-in-One is our long-term, highly rewarding campaign featuring various restaking funds, including the Kelp DAO ETH Restaking Fund, designed to amplify rewards. Team leaders and members can earn additional incentives through “Team Leader Points + Team Incentives” based on the team’s overall performance and contribution. This initiative fosters team collaboration, encouraging collective efforts to earn boosted rewards. For more details, please refer to the link provided below.

https://desynprotocol.gitbook.io/docs/restaking-points-all-in-one/event-rules/restaking-points-all-in-one

The “Big Bang” campaign allows investors to maximize their returns while contributing to the Kelp DAO fund. Follow the event rules, make your investment, and stand a chance to win substantial rewards over the next four weeks and beyond. Stay tuned to our DeSyn Twitter account for weekly winner announcements and furthers.

Event Rules

To qualify for the rewards, participants must join our GALXE campaign and meet the following conditions:

1. Like, retweet, and tag 3 friends
2. Follow DeSyn on Twitter, Discord, and Telegram.
3. Invest a minimum of 1 ETH into the KelpDAO ETH Restaking Fund for a minimum of 1 month.

Note: Deposited amount can only be withdrawn after a month; otherwise, participants will be disqualified from receiving the rewards.

About DeSyn Protocol

DeSyn Protocol is a DeFi protocol that allows users to create and trade pools-based assets such as ETFs/Portfolios, levered assets, and more via smart contract. Additional features include multi-asset liquidity pools, dynamic routing AMM, coupled with a super easy interface, and carefully designed platform tokens inside our economic model, which leads to evolutionary success.

Twitter | Telegram Community | Website | Telegram Channel |Reddit|Facebook | Discord | Email

Kelp DAO Fund: Your Gateway to Lucrative Rewards was originally published in DeSyn Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.