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Kelp

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Drafted from Kerneldao and DefiLlama · not yet confirmed by Kelp

Kelp is a liquid restaking protocol for Ethereum that issues a liquid token in exchange for restaked ETH.

kelpdao.xyz@kernel_dao

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Recent activity

  • Sep 23 — TVL $1.2B · DefiLlama
  • seen Sep 23 — Kelp has deep liquidity of $300M+ across lending protocols, optimisers, and on-chain · Kerneldao
    +3 more from Kerneldao
    • seen Sep 23 — Kelp is live on 10+ chains
    • seen Sep 23 — Kelp has over 300K users signed up
    • seen Sep 23 — Kelp offers bug bounty rewards up to $250K

About

Kelp allows users to restake ETH or major liquid staking tokens in exchange for rsETH, a liquid restaking token usable across DeFi protocols, decentralized and centralized exchanges, and wallets. The protocol operates across 10+ blockchain networks and claims over $300M in liquidity across lending protocols and on-chain venues. It is aimed at ETH holders who want to earn additional rewards beyond standard staking without locking up liquidity.