KernelDAO November 2025 recap 🍿
A month of steady growth across Kelp, Gain, Kred and the broader KernelDAO ecosystem.
Here’s everything that shipped 🧵
@KelpDAO ✦ Ecosystem growth
⍛ rsETH expanded across chains: wrsETH went live on @aave v3 @avax with a 5k cap that began filling quickly post-launch.
⍛ Native rsETH minting + bridging went live on @inkonchain, with instant liquidity integrations on @tydrohq and @VelodromeFi.
⍛ On @arbitrum, rsETH on @aave v3 hit $183.9M TVL, fully maxing the 60k ETH supply cap.
⍛ rsETH’s market cap on Arbitrum reached ~$175M (+450% since DRIP began).
✦ KernelDAO product & research
⍛ Co-founder @GAmitej spoke at NextFin NYBW, sharing how Kred is building the Internet of Credit by connecting stablecoin liquidity to real-world short-term credit.
⍛ @GAmitej joined @croll83 (co-founder, @TacBuild) on a DeFi-ning episode discussing TON, liquidity layers, and LRT evolution.
✦ Gain vaults performance
⍛ High Gain (hgETH) remained the #1 ETH vault by 90-day performance, outperforming the next best vault by ~50% and sustaining 13%+ reward rates.
⍛ Across agETH and sbUSD, rewards held steady in the 11-12% range, spotlighting consistent, risk-adjusted execution.
November was a month of quiet, steady progress - deeper integrations, stronger liquidity, and continued movement toward the Internet of Credit.
December next.
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