Kelp

Total Value Locked$1.06b
Chain Breakdown
Ethereum$1.018b
Arbitrum$8.82m
Zircuit$6.96m
Hemi$6.52m
Base$5.59m
Berachain$5.31m
Linea$3.98m
Scroll$1.8m
OP Mainnet$1.64m
ZKsync Era$581,167
Swellchain$570,652
Blast$168,579
Mode$166,986
Manta$10,754
X Layer$4,257
Sonic$38.8
$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 03/04/25)

Weekly commits: 2
Monthly commits: 2
Weekly developers: 2
Monthly developers: 2

Last commit: a month ago (2025-04-03)

Methodology

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

TVL

Competitors

Renzo($713.42m)Zero-G Finance($1,960)ether.fi Stake($4.491b)Eigenpie($396.9m)Affine Restaking($592,582)ether.fi Vaults($487.26m)Mantle Restaking($394.92m)YieldNest($259.9m)Mellow LRT($228.08m)Puffer Stake($103.1m)