On November 27th, COINOTAG News reported that Kelp DAO has officially launched its High Growth Vault. This innovative platform enables users to deposit ETH to engage in a robust DeFi strategy recognized for its high yield potential. Participants will see their deposited ETH transformed into a liquidity reward token known as hgETH. This mechanism effectively integrates with the Pendle and Balancer protocols, enhancing asset utilization while maintaining asset security. Interestingly, the targeted annual percentage yield (APY) for this product is currently set at an impressive 20%, making it an attractive option for investors seeking to maximize their returns in the decentralized finance landscape.
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