Wheel of Yield Spotlight: Kelp
The Wheel of Yield is in motion, and just landed on Kelp! Depositing into Enjoyoors vaults with rsETH during the campaign not only gets your ETH working harder, it also earns you spins on the Wheel for yield boosts, rare EnjoyPasses, and leaderboard glory.
➡️ Spin now: app.enjoyoors.xyz
What is Kelp?
Kelp is a liquid restaking protocol that makes EigenLayer participation simple. Instead of running validators or managing EigenPods, you just deposit ETH or major liquid staking tokens (LSTs) like stETH, or ETHx, and receive rsETH.
rsETH represents your restaked position and accrues both staking and EigenLayer rewards while keeping your funds liquid. You can then take rsETH into DeFi — trade it, lend it, LP with it, or use it in yield strategies across an expanding set of integrations.
Behind the scenes, Kelp's DAO governance participates on delegation and validator ops so you don’t have to. The protocol has also layered in community incentives like points programs, KERNEL rewards, and vault options to maximize outcomes for holders.
Why people choose Kelp
- One-token restaking protocol — Deposit ETH or multiple LSTs to mint rsETH and stack rewards.
- Maximum utility — rsETH is DeFi-friendly with broad integrations.
- Multi-chain reach — Wrappers and bridges make rsETH available on L2s like Base, Optimism, zkSync, Scroll, Mode, and more.
- Optional Gain vaults — Strategies like “Airdrop Gain” and “High Growth” add another layer of optimization.
- Security-first design — Multiple audits, bug bounty program, and delegation through vetted operators.
- Non-rebasing — rsETH accrues value via an exchange rate, making it stable for integrations.
Like any liquid restaking token, rsETH comes with smart contract, restaking, and peg risks, but its design and operator framework aim to mitigate these.
Why spin the Wheel with Kelp?
During the Wheel of Yield campaign you can:
- Deposit rsETH in Enjoyoors vaults to earn wheel spins
- Spin for boosts and EnjoyPasses
- Boost your staking rewards for 30 days
- Climb the weekly leaderboards and rep rsETH in the spotlight
Every spin has a chance at yield boosts (+10%, +30%, or +50%), plus ultra-rare EnjoyPasses that unlock even more power. Leaderboards update every Friday, so the earlier you join, the more chances you get to climb.
Why it matters
Kelp has positioned itself as a go-to LRT platform, making restaking straightforward and highly liquid. In the Wheel of Yield, that utility comes with extra upside.
Deposit rsETH this campaign, spin the Wheel, and see where you land.
