Incentives with agETH
On depositing ETH, rsETH, ETHx, or stETH in the Gain vault depositors receive agETH.
Reward and points (/ETH/Day)
3x Kelp Miles
Boosted LXP-L
Top Scroll Marks
3.5x Karak XP
$EIGEN Tokens
3x Infra Partner Points
Additionally, the user can also bridge agETH to other L2 blockchains including Arbitrum, Scroll, and Linea using Axelar bridging on Squid UI.
Steps to earn rewards
If minting on mainnet -
User mints agETH on ETH Mainnet
The user uses the Squid UI to bridge from agETH to either three chains -> gets agETH.axl
The user needs to wrap their agETH.axl on Kelp’s agETH wrap page on the same chain
The user holds wrapped agETH in the wallet for 90 days or deploys it in any of the Kelp-supported DeFi opportunities for 90 days to be eligible
The user gets airdropped rewards after the 90-day period
If minting on Arbitrum / Linea / Scroll -
The user directly mints wrapped agETH on the respective L2
The user holds wrapped agETH in their wallet for 90 days or deploys it in any of the Kelp-supported DeFi opportunities for 90 days to be eligible
The user gets airdropped rewards after the 90-day period
AXL Incentives
Kelp has partnered with Axelar as our bridging partner to unlock L2 DeFi and bring additional rewards for the users.
Reward: 50 $AXL per agETH bridged or natively minted to/on L2 chains (Arbitrum/ Scroll / Linea).
Eligibility:
Hold in your wallet or use in DeFi on the L2 for 90 days
Applicable for the first 6K agETH
Scroll Incentives
Bridging agETH to scroll comes with additional rewards for all Gain depositors
Reward: 20 $USDC per agETH bridged to Scroll (on top of $AXL rewards)
Eligibility:
Hold in your wallet or use in DeFi on Scroll for 90 days
Applicable for the first 1K agETH
Rewards distribution starts in the first week of January with successive distribution every 15 days
Users will have to hold or use wrapped agETH in DeFi on the respective L2 chain for at least 90 days during the campaign time period to be eligible for rewards.
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