How Eigenpie and Kelp DAO differ on token, backend, TVL and approach.
| Eigenpie | Kelp DAO | |
|---|---|---|
| Type | Isolated LRT | Multi-LST LRT |
| LRT token | Isolated (mstETH…) | rsETH |
| How it works | A Magpie SubDAO: instead of pooling, Eigenpie converts each LST into its own isolated LRT (e.g. mstETH), so risk isn’t shared across different assets. | Deposit supported LSTs (stETH, ETHx, sfrxETH) or ETH to mint rsETH, restaked via EigenLayer. Kelp pioneered points-stacking early in the restaking boom. |
| Restakes on | EigenLayer | EigenLayer |
| TVL* | ~$9M | ~$1B (post-exploit) |
| Best for | Isolated per-asset restaking | Existing LST holders |
Pick Eigenpie for isolated per-asset restaking; pick Kelp DAO for existing lst holders.
* TVL = dated snapshot (DefiLlama + provider reports, 2026).