Kelp DAO liquid restaking token aggregating multiple LSTs.
rsETHDeFi token
On this page
Price$3,300
Market Cap$1B
CategoryDeFi token
Last UpdatedFeb 17, 2024
Available on
Ethereum
Yield opportunities
StakingRestaking
What is rsETH?
rsETH is Kelp DAO's liquid restaking token, accepting deposits of various LSTs (stETH, ETHx, etc.) and restaking them on EigenLayer. RsETH provides diversified restaking exposure while earning yields from multiple sources.
Key Statistics
Metric
Value
. . . .
. . . -
Market Cap
$1B+
ETH Staked
400,000+ ETH
Accepted LSTs
stETH, ETHx, sfrxETH
Primary Chain
Ethereum
How rsETH Works
Multi-LST Deposits: Deposit stETH, ETHx, or sfrxETH to mint rsETH.
Aggregated Restaking: All LSTs are restaked on EigenLayer for AVS rewards.
Diversification: Exposure to multiple LST protocols reduces single-point risks.
Yield Opportunities with rsETH
Stacked Yields: Earn LST staking + EigenLayer restaking rewards.
Kelp Points: Earn Kelp Miles for potential airdrop rewards.
DeFi Strategies: Use rsETH in lending and LP positions.
Pendle Markets: Trade rsETH on Pendle for yield strategies.