Restaking ETHx campaign with Kelp

The following Terms and Conditions are set for the restaking campaign by Stader Labs, in partnership with Kelp, available for Stader Labs users who restake ETHx with Kelp.

All ETHx users who restake on KELP will be eligible for triple rewards. The triple rewards constitute the below 3 components:

1. 30% boost in staking rewards

Flat 30% Boost for 30 days on staking rewards for ETH, starting on December 12th, 2023 until December 25th, 2024.
Users must stake their ETH with Stader Labs and restake it with Kelp to qualify for the boost.
The Staking Rewards Boost will be provided by Stader Labs in SD tokens.
Value of the SD tokens will be based on the average SD price over the month.
SD rewards will be airdropped to users' wallets. However, if the boosted rewards in SD amount to less than $5, they will not be airdropped due to the high gas costs on the Ethereum network.

2. 25% boost in KELP MILES

In addition to SD rewards, users who restake ETHx on KELP by January 1st, 2024, will also be eligible for 25% boost in KELP Miles. Read here for more details on this.

3. Eigen Layer points

With the LST supply cap increase on Eigen Layer on Dec 18th at 10 am PT, ETHx users who restake on Eigen Layer will be Eligible for Eigen Layer points. You can learn more about restaked points on Eigen layer here.