KELP

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Kelp DAO

Yes, Kelp DAO has plans to release a governance token called $KELP. In May 2024, the project's founder confirmed plans to launch the $KELP token "soon" following a private token sale that raised $9 million[2][15]. The $KELP token is expected to have multiple uses, including serving as insurance against potential slashing events in the restaking ecosystem[16]. While an exact launch date has not been announced, it is anticipated that the token generation event (TGE) may occur in Q3 2024[16].

Based on the information available:

Yes, Kelp DAO is planning to conduct an airdrop of their KERNEL token. Here are the key details:

1. 20% of the total KERNEL token supply will be allocated for airdrops[4][5].

2. The airdrop will be distributed across 3 seasons[4]:

   • Season 1 (10% of total supply): Snapshot date December 31, 2024
   • Season 2 (5% of total supply): January 1, 2025 to April 30, 2025
   • Remaining 5%: To be determined

3. Users can earn Kelp Miles points by acquiring and restaking assets like ETH, stETH, xETH, or sfrETH on the Kelp DAO platform[8].

4. Holding and using rsETH (Kelp DAO's liquid restaking token) in various DeFi applications can increase chances of qualifying for the airdrop[8].

5. The exact date for the token generation event (TGE) and airdrop distribution has not been announced yet, but it's expected to be in early 2025[1].