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Bedrock vs Kelp DAO

How Bedrock and Kelp DAO differ on token, backend, TVL and approach.

BedrockKelp DAO
TypeUniversal LRTMulti-LST LRT
LRT tokenuniETH / uniBTCrsETH
How it worksBedrock’s "uni" standard issues uniETH, uniBTC and uniIOTX — liquid restaked tokens that unlock liquidity for multiple PoS assets, not just ETH, bridging ETH and Bitcoin restaking.Deposit supported LSTs (stETH, ETHx, sfrxETH) or ETH to mint rsETH, restaked via EigenLayer. Kelp pioneered points-stacking early in the restaking boom.
Restakes onEigenLayer + BabylonEigenLayer
TVL*~$37M~$1B (post-exploit)
Best forMulti-asset (ETH + BTC) restakingExisting LST holders

Bedrock

  • Multi-asset (ETH, BTC, IOTX)
  • Bridges ETH + BTC restaking
  • Universal standard
  • Smaller TVL
  • Liquidity spread across assets

Kelp DAO

  • Accepts multiple LSTs (stETH/ETHx/sfrxETH)
  • Simple deposit → rsETH
  • Broad availability & integrations
  • April 2026 LayerZero-adapter exploit (~$290M, ~18% of supply)
  • Triggered sector-wide withdrawals — trust hit

Bottom line

Pick Bedrock for multi-asset (eth + btc) restaking; pick Kelp DAO for existing lst holders.

* TVL = dated snapshot (DefiLlama + provider reports, 2026).