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Kelp DAO
Kelp is a liquid restaking protocol for Ethereum, enabling users to deposit LSTs (Liquid Staking Tokens) to receive rsETH. This allows them to earn rewards while maintaining liquidity for use in other DeFi applications. The protocol is live on over 10 chains and focuses on security and utility.
Distributed
Description
Kelp is a liquid restaking protocol that allows users to restake their Ethereum (ETH) and Liquid Staking Tokens (LSTs) to earn rewards across multiple chains. By depositing LSTs like stETH and ETHx, users receive rsETH, a liquid restaked token, which can then be used in various DeFi protocols. Kelp aims to maximize utility and provide deep liquidity for rsETH across different platforms, including DEXs, CEXs, and wallets. The protocol emphasizes security, having undergone multiple audits, and offers a bug bounty program. It supports one-click restaking and is live on over 10 chains.Grant Funding
VC Funding
None
2024
$0
$9M