eETH vs rsETH: EtherFi vs Kelp LRT Comparison 2026
EtherFi's eETH and Kelp's rsETH represent different approaches to liquid restaking. This comparison focuses on their fundamental differences to help you choose the right LRT.
Model Comparison
eETH is EtherFi's native liquid restaking token backed by ETH deposits directly restaked through EigenLayer. It uses a rebasing model (or weETH for non-rebasing). rsETH accepts multiple LSTs (stETH, ETHx, sfrxETH) as collateral, creating a diversified underlying base for restaking.Collateral Differences
eETH Single-Asset
- Native ETH only
- Simple value proposition
- Direct restaking path
- Clean underlying
rsETH Multi-Asset
- Multiple LST acceptance
- Diversified base
- Flexibility for LST holders
- Complex underlying
Yield Mechanics
eETH Yields
- ETH staking base: ~3.5-4%
- AVS restaking rewards
- EtherFi points
- Total: 6-10%+
rsETH Yields
- Underlying LST varies: ~3.5-4%
- AVS restaking rewards
- Kelp Miles
- Total: 6-10%+
Yields are comparable; rsETH may vary based on underlying LST composition.
Strategic Use Cases
Choose eETH/weETH When:
- Starting with ETH
- You want simplicity
- Market leader matters
- Deep DeFi integration needed
Choose rsETH When:
- You hold stETH, ETHx, sfrxETH
- Diversification appeals
- You don't want to exit LSTs
- Kelp strategy aligns
Market Position
eETH (via weETH) leads the market with larger TVL and deeper integrations. RsETH offers unique value for existing LST holders.
Conclusion
eETH/weETH wins for most new restaking positions with its market leadership and simplicity. rsETH wins for existing LST holders who want restaking exposure without selling their current positions.Choose based on what you're starting with: ETH → eETH, LSTs → rsETH.
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