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KKelp DAO
A multi-LST liquid restaking token — accepts stETH, ETHx and sfrxETH to mint rsETH.
Multi-LST LRTToken: rsETHBy KelpGov: KERNELSince 2023
- Type
- Multi-LST LRT
- 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.
- LRT token
- rsETH
- Restakes on
- EigenLayer
- TVL*
- ~$1B (post-exploit)
- Best for
- Existing LST holders
- Highlight
- Pioneered points stacking
* Approximate TVL — a dated snapshot (DefiLlama + provider reports, 2026), not live.
Strengths
- Accepts multiple LSTs (stETH/ETHx/sfrxETH)
- Simple deposit → rsETH
- Broad availability & integrations
- Flexible for LST holders
Risks & trade-offs
- April 2026 LayerZero-adapter exploit (~$290M, ~18% of supply)
- Triggered sector-wide withdrawals — trust hit
- Cross-chain / bridge risk
Open Kelp DAO →
Listed for comparison as of June 2026 — not an endorsement. LRTs carry depeg, slashing & smart-contract risk; DYOR. Not financial advice.
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