Kelp
Total Value Locked$1.142b
TVL by Chain
Ethereum$838.62m
Arbitrum$296.28m
Base$2.62m
Zircuit$1.77m
Scroll$1.22m
Swellchain$481,336
ZKsync Era$280,622
Blast$140,906
Mode$97,192
OP Mainnet$60,491
Hemi$38,512
Linea$29,911
Sonic$18,593
Berachain$8,160
Manta$7,775
X Layer$757.9
Key Metrics
Fees (Annualized)$39.35m
Fees 30d$3.23m
Fees 7d$807,429
Fees 24h$157,330
Cumulative Fees$56.85m
Revenue (Annualized)$2.78m
Revenue 30d$227,896
Revenue 7d$70,546
Revenue 24h$49,619
Cumulative Revenue$4.47m
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$753
Total Raised$9m
May 22, 2024$9mRound: PrivateInvestors: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, ArkStream Capital, Cluster Capital, GSR, Longhash Ventures, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker.co, Tulipa Capital , Scott Moore, Alex Karl Svanevik, Sam Kazemian, Marc Zeller, Amrit Kumar, Anthony Lesoismein, Winslow StrongSource: https://x.com/KelpDAO/status/1793281393080057960
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:
Methodology
TVL: deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contractsView code on GitHubFees: Sum of total staking rewards from rsETH (ETH staking rewards + EIGEN rewards), agETH management fees, and hgETH management/performance fees.View code on GitHubRevenue: Protocol fees from rsETH (3.5% of staking rewards), agETH management fees (2%), hgETH management fees (1.5%), and hgETH performance fees (20% of positive rate delta).View code on GitHubHolders Revenue: View code on GitHubIncome Statement for Kelp
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | |
|---|---|---|---|---|---|
| Fees | $9.24m | $15.54m | $10.02m | $14.92m | $7.12m |
| Revenue | $906,288 | $1.29m | $682,049 | $1.04m | $554,692 |
| Earnings | $906,288 | $1.29m | $682,049 | $1.04m | $554,692 |
| Token Holder Net Income | $634 | $119 | $0 | $0 | $0 |