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Kelp Dao

Category: Restaking, LRT (Liquid Restaking Token)

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Overview

Total XP Rewards

80

Estimated Rewards

$50M

Funding

$9M

Current Stage

Season 1

Total value locked

$1.9B

Unique Users

40,000

Chains

chain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/4

TGE

Q1-2025

Type

Restaking

Confirmed

Yes

Date

11 months ago

Introduction

  • KELP DAO is a leading liquid restaking protocol on Eigenlayer.

Tasks

task-link

Fundamentals

  • rsETH is a Liquid Restaked Token (LRT) issued by Kelp DAO designed to offer liquidity to illiquid assets deposited into restaking platforms, such as EigenLayer. 
  • It aims to address the risks and challenges posed by the current offering of restaking.

Potential Rewards

  • EigenLayer Points
  • Kelp Miles (Boosted)
  • Staking / Restaking yield
  • PT rsETH fixed yield
  • Swap fees
  • Pendle Incentives

Investors

  • Laser Digital
  • SCB 10X
  • DWF labs

Audit

  • Sigma Prime
  • Code4rena
  • MixBytes

Hybrid Strategy

task-link
rsETH will have the opportunity to earn Kelp Miles and EigenLayer points along with additional yields from DeFi opportunities, Current DeFi Integrations: Pendle
task-link
Stake rsETH on Curve.
task-link
Stake rsETH on Balancer.

Features

For Restakers:

  • Provide liquidity to the restaked ETH/LST 
  • Save the effort in identifying the right services and validators 
  • Help manage rewards that come in with Restaking

For AVSs:

  • Save effort to identify and partner with Operators 
  • Save effort to bootstrap security 
  • Help reduce emissions on rewards

 

For Operators:

  • Save the effort in identifying the right services 
  • Reduce the effort to get restakers and restaked assets 
  • Help manage rewards that come in with Restaking

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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