Kernel
  • Introduction to KernelDAO
  • Getting Started
    • DVNs and Operators registration on BSC testnet
    • Kernel
      • Ecosystem
      • Roadmap
      • Smart Contracts
        • Technical Overview
        • Roles
      • Audits
      • Kernel Points Guide
      • Restaking guides
        • Asset Pools
          • Restaking rewards for different Assets
        • Mainnet Restaking
        • Testnet Restaking
      • DVN and Operator Guides
        • DVNs & Operators Onboarding
        • Dynamic Validation Network (DVN)
        • Operators
        • Rewards
        • DVN Sample Architecture
    • Kelp
      • Restaking Guide
      • Smart Contracts
      • Audits
      • Explore rsETH
        • Kernel Points Guide
        • Referrals
      • Node Operator Partners
      • Risk and Disclaimer
      • Claim Token
        • FAQs - Eigen Programmatic Rewards
    • Gain
      • Airdrop Gain
        • L2 deposits & bridging
        • Incentives with agETH
        • FAQs
      • High Growth Gain
      • Claim tokens
        • FAQs - Scroll Airdrop Season 1
        • FAQs - Eigen Programmatic Rewards
    • $KERNEL Tokenomics
    • Community
    • FAQs
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On this page
  • What is Kelp DAO?
  • What is Restaking?
  • What is rsETH?
  • What are the benefits of rsETH?
  • How is Kelp DAO secure?
  1. Getting Started

Kelp

What is Kelp DAO?

Kelp DAO was founded by Amitej G and Dheeraj B, who previously founded Stader Labs, a multichain liquid staking platform with over $1.5 B in Total Value Locked (TVL). The team is focused on building Liquid Restaking Solutions for public blockchain networks.

Kelp DAO is currently developing rsETH, a Liquid Restaked Token (LRT) on EigenLayer for Ethereum.

What is Restaking?

Restaking, introduced by EigenLayer, allows Ethereum stakers to enhance the security of additional networks while earning extra rewards. However, traditional restaking locks assets, limiting liquidity and accessibility.

With Kelp DAO, when you restake ETH, you receive rsETH, a liquid receipt token that represents your staked assets. rsETH allows you to stay liquid while continuing to earn staking and restaking rewards. You can further use rsETH across DeFi for lending, borrowing, or trading, maximizing your capital efficiency.

What is rsETH?

rsETH is a Liquid Restaked Token (LRT) issued by Kelp DAO that provides liquidity to illiquid assets deposited into EigenLayer. By holding rsETH, users can benefit from:

  • Liquidity: Unlike native restaking, rsETH allows users to stay liquid while earning rewards.

  • Composability: rsETH can be used across DeFi applications for lending, borrowing, and trading.

  • Diversified Yield: Users can earn staking rewards from Ethereum while also benefiting from EigenLayer’s additional incentives.

What are the benefits of rsETH?

For Restakers:

  1. Provide liquidity to the restaked ETH/LST

  2. Save the effort in identifying the right services and validators

  3. Help manage rewards that come in with Restaking

For AVSs:

  1. Save effort to identify and partner with Operators

  2. Save effort to bootstrap security

  3. Help reduce emissions on rewards

For Operators:

  1. Save the effort in identifying the right services

  2. Reduce the effort to get restakers and restaked assets

  3. Help manage rewards that come in with Restaking

How is Kelp DAO secure?

Kelp DAO prioritizes security through continuous smart contract reviews, extensive testing, and regular audits. rsETH has undergone comprehensive audits conducted by industry-leading firms such as SigmaPrime and Code4rena. These audits have thoroughly evaluated the protocol's security and functionality.

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Last updated 1 month ago