Kelp

Your agETH update is here! 🌱

Returns on ETH, from the on-chain share price:
⍛ Last 30 days: 4.5% annualised
⍛ Last 90 days: 4.0% annualised
⍛ Last 12 months: 3.9%

1 agETH is now worth 1.0873 ETH.

Explore the vault → kelpdao.xyz/gain

$KUSD lends against trade. Here is what a KUSD deal looks like, using one shipment of wheat.

hgETH (High Growth Vault) update

UltraYield has decided to cease its role as the vault's strategy manager at 23:59 Singapore time on 18 October (15:59 UTC). Upshift, the vault's infrastructure partner since the inception of hgETH, will take over the management of the vault's operations for a seamless transition.

For holders:
• No action is needed. Your hgETH stays in your wallet.
• Withdrawals work as before: request on the vault page, and rsETH arrives in your wallet automatically after the 15 to 18 day redemption period.

Vault page: gain.kerneldao.com/vaults/growth-…

hgETH contract (Ethereum): 0xc824A08dB624942c5E5F330d56530cD1598859fD

We are excited to announce that the rsETH migration to @chainlink CCIP was completed on 5 October. rsETH now bridges between Ethereum and Base, Mantle, Ink, Linea and Optimism through CCIP.

$KUSD lends against trade. A company ships goods to a large buyer, the buyer pays weeks later, and the company needs the cash in between.

Some companies ask for more than their trade can support. When that happens, we offer a smaller loan that the trade can support, and the deal goes ahead