What is rsETH?
rsETH is Kelp DAO's liquid restaking token, accepting deposits of various LSTs (stETH, ETHx, etc.) and restaking them on EigenLayer. RsETH provides diversified restaking exposure while earning yields from multiple sources.
Key Statistics
| Metric | Value |
|---|---|
| . . . . | . . . - |
| Market Cap | $1B+ |
| ETH Staked | 400,000+ ETH |
| Accepted LSTs | stETH, ETHx, sfrxETH |
| Primary Chain | Ethereum |
How rsETH Works
Multi-LST Deposits: Deposit stETH, ETHx, or sfrxETH to mint rsETH. Aggregated Restaking: All LSTs are restaked on EigenLayer for AVS rewards. Diversification: Exposure to multiple LST protocols reduces single-point risks.Yield Opportunities with rsETH
Stacked Yields: Earn LST staking + EigenLayer restaking rewards. Kelp Points: Earn Kelp Miles for potential airdrop rewards. DeFi Strategies: Use rsETH in lending and LP positions. Pendle Markets: Trade rsETH on Pendle for yield strategies.Risk Considerations
Multi-Protocol Risk: rsETH depends on multiple LST protocols. Restaking Risks: EigenLayer AVS slashing exposure. Smart Contract Risk: Kelp contracts add additional risk layer.Frequently Asked Questions
Which LSTs can I deposit?rsETH accepts stETH, ETHx, sfrxETH, and other supported LSTs.
How is rsETH different from weETH?rsETH accepts multiple LST types; weETH is native to ether.fi.