How Kelp DAO and Renzo differ on token, backend, TVL and approach.
| Kelp DAO | Renzo | |
|---|---|---|
| Type | Multi-LST LRT | Multichain LRT |
| LRT token | rsETH | ezETH |
| How it works | Deposit supported LSTs (stETH, ETHx, sfrxETH) or ETH to mint rsETH, restaked via EigenLayer. Kelp pioneered points-stacking early in the restaking boom. | Deposit ETH/LSTs for ezETH; Renzo actively manages the restaking strategy and AVS selection. ezETH is pushed to Arbitrum, Blast, Linea, Mode and more, so you can use restaked exposure across L2s. |
| Restakes on | EigenLayer | EigenLayer + Symbiotic |
| TVL* | ~$1B (post-exploit) | ~$1B+ |
| Best for | Existing LST holders | Restaked exposure across L2s |
Pick Kelp DAO for existing lst holders; pick Renzo for restaked exposure across l2s.
* TVL = dated snapshot (DefiLlama + provider reports, 2026).