How Renzo and Kelp DAO differ on token, backend, TVL and approach.
| Renzo | Kelp DAO | |
|---|---|---|
| Type | Multichain LRT | Multi-LST LRT |
| LRT token | ezETH | rsETH |
| How it works | 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. | 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 + Symbiotic | EigenLayer |
| TVL* | ~$1B+ | ~$1B (post-exploit) |
| Best for | Restaked exposure across L2s | Existing LST holders |
Pick Renzo for restaked exposure across l2s; pick Kelp DAO for existing lst holders.
* TVL = dated snapshot (DefiLlama + provider reports, 2026).