Kelp

Total Value Locked$1.068b
Chain Breakdown
Ethereum$1.02b
Arbitrum$11.12m
Base$6.96m
Zircuit$6.91m
Hemi$6.36m
Berachain$5.21m
Linea$5.07m
OP Mainnet$2.37m
Scroll$1.92m
ZKsync Era$760,451
Swellchain$598,601
Mode$396,105
Blast$193,903
Manta$13,114
X Layer$4,180
Sonic$25.17
$9m
USDETH

Protocol Information

Kelp is the second largest liquid restaking protocol with ~$2B+ in TVL. Its liquid restaked token, rsETH, is live across 10+ major L2s and 40+ DeFi platforms, allowing users to restake while maintaining full liquidity.

Category:Liquid Restaking

Audits:
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Development Activity

(updated at 02/04/25)

Weekly commits: 1
Monthly commits: 1
Weekly developers: 1
Monthly developers: 1

Last commit: 2 days ago (2025-04-02)

Methodology

TVL: deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contracts

TVL

Competitors

Renzo($695.62m)Mitosis($40.98m)Zero-G Finance($1,912)ether.fi Stake($4.488b)Eigenpie($393.95m)ether.fi Vaults($517.56m)Mantle Restaking($434.75m)YieldNest($239.01m)Mellow LRT($228.18m)iBTC Finance($136.06m)