According to a previous report by Zombit, with the increasing attention from the market, investors have been flocking into the liquidity restaking protocol developed around EigenLayer, in order to earn points and airdrops. This has led to a rapid growth in the Total Value Locked (TVL) of the related protocols in the past few months, and various protocols have launched different activities to attract users.
Today, KelpDAO, which ranks third in TVL among the liquidity restaking protocols, announced the launch of the “Tokenization of Points” feature, allowing platform users to trade points.
As a liquidity restaking protocol, users who restake on the KelpDAO platform can earn two types of points: Kelp Miles (which can earn KelpDAO token airdrops) and EigenLayer Restaked Points (which can earn EigenLayer token airdrops). According to the latest official announcement, the team will introduce liquidity for EigenLayer points and convert the originally non-transferable points into ERC20 tokens called KEP, enabling users to transfer and trade the points they have earned at a 1:1 ratio.
Users will soon be able to claim their KEP tokens on the Kelp dApp, and points will continue to be distributed on a weekly basis. Users will be able to choose to claim their earned EigenLayer points from the previous week every week in the future.
