Kelp (@KelpDAO): Kelp December 2025 recap 🌱

Kelp December 2025 recap 🌱 ✧ Gain updates & milestones ⍛ High Gain (hgETH) continued to dominate as the #1 ETH vault for 4 months straight, while delivering 10-14% rewards through market volatility. ⍛ Airdrop Gain (agETH) delivered ~10% weekly rewards with $40M+ TVL via institutional strategies from @k3_capital and @august_digital. ⍛ Stable Gain (sbUSD) crossed the $10M TVL milestone and delivered ~13% reward rate via @ultrayieldapp’s risk-adjusted reward strategies. ⍛ Major boost for sbUSD holders: Every 1,000 sbUSD now earns 10 Kernel Points/day, with Kernel Points backfilled across users' historical balance. ⍛ The hgETH <> WETH market on @Morpho, curated by @SingularV__, became yet another reward optimization venue for hgETH holders, with potential rewards up to ~60% at 10x leverage (subject to borrow rate & utilization). ✧ rsETH integrations & milestones ⍛ E-Mode unlocked for wrsETH <> WETH on @aave v3 @base market, with higher LTV enabling capital-efficient loops on Base. ⍛ wrsETH supply caps on Aave v3 @inkonchain market filled rapidly, with current supply at $42M+. ⍛ On the Aave v3 @avax market, rsETH hit $60M TVL, maxing the 20k ETH supply cap. ⍛ DRIP Epoch 9 ongoing with fresh ARB incentives and opportunities for rsETH holders to participate in. ✧ Incentive updates ⍛ Kernel Points and Programmatic EIGEN rewards strategically reallocated across protocols as Season 4 progresses. ✧ @kernel_dao ecosystem news ⍛ KUSD as Leap for $KERNEL: Positioned Kred as new pillar; expands ecosystem to real-world credit, payments, settlement; reduces reliance on crypto cycles by tying to $200T global payments volume. ⍛ Kred’s Christmas Gifts: Outlined fixes for global finance issues like pre-funding ($9–11T locked idle), settlement delays, frozen capital, FX risks, year-end crunches; enables just-in-time liquidity and productive stablecoins. December was a month of solid execution and steady growth across Kelp & Gain. Stay tuned for what's next!