Kelp January 2026 Recap
✧ Gain Updates & Milestones
⍛ High Gain became the world's first DeFi vault with embedded cover via Nexus Mutual, setting a new benchmark for institution-grade risk management.
⍛ High Gain (hgETH) sustained 9-13% rewards on ETH, maintaining its position as the leading ETH vault for 6 months with $50M+ TVL - powered by UltraYield and Upshift.
⍛ Stable Gain (sbUSD) delivered up to ~10% rewards on USDT/USDC with no lockups, powered by UltraYield's risk-adjusted strategies.
⍛ Airdrop Gain (agETH) ranked as the top ETH vault over 30 days, delivering ~12% rewards with $45M+ TVL via K3 Capital and August Digital.
⍛ Combined Gain vaults: $100M+ TVL with consistently strong rewards up to ~10%.
✧ rsETH Integrations & Milestones
⍛ rsETH E-Mode went live on Aave v3 Core market - 93% LTV, up to 14x leverage, ~9% rewards.
⍛ Contango integration enabled one-click E-Mode looping with up to 14x leverage.
⍛ rsETH supply on Aave v3 Core crossed $1B, becoming the 8th-largest asset with supply caps near max utilization.
⍛ rsETH TVL hit 500,000+ ETH restaked.
⍛ rsETH supply on Aave v3
$AVAX and
#Base markets crossed $65M.
✧ Community & Ecosystem
⍛ Released Kelp 2025 Wrapped retrospective followed by an AMA.
⍛ Hosted High Gain AMA with Nexus Mutual and UltraYield covering insurance design, vault-level risk management, and institutional pathways.
✧ KUSD Developments
⍛ KUSD rewards generated from real payment settlement flows via short-term credit to verified institutions - designed for market cycle resilience.
⍛ Risk framework includes KYB-verified counterparties, real-time LTV monitoring, Chainlink Proof of Reserve, automated liquidations, and insurance-backed structures.
January focused on rsETH capital efficiency, Gain vault performance, and KUSD mechanics - laying groundwork for scalable, market cycle-resilient growth.
Stay tuned for what's next!