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Kelp DAO

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Category: Liquid Restaking
TVL: $936M

Kelp DAO

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.
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Funding Rounds

Funding Round: Private
Funding Date: 22 May, 2024
Raised Amount: $9M
Funding Round: Private
Funding Date: 1 May, 2024
Raised Amount: $9M

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