Kelp DAO launches point token KEP to introduce liquidity to EigenLayer points

02/22 01:44

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On February 22nd, according to an official announcement, the liquidity staking platform Kelp DAO announced the launch of its point-based token KEP, with the aim of introducing liquidity for EigenLayer points.

Users can exchange EigenLayer points generated by staking on Kelp DAO for KEP (an ERC-20 token) at a 1:1 ratio, and can freely transfer and trade them. At the same time, KEP holders will receive rewards in proportion to the EigenLayer points represented by the KEP tokens they hold.

The official website stated that the KEP token claim page will be launched soon.

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