Kelp

Total Value Locked563,767 ETH
Chain Breakdown
Ethereum538,874 ETH
Arbitrum5,250 ETH
Base3,918 ETH
Zircuit3,703 ETH
Hemi3,440 ETH
Berachain2,821 ETH
Linea2,531 ETH
OP Mainnet1,192 ETH
Scroll1,011 ETH
Swellchain366.94 ETH
ZKsync Era342.89 ETH
Mode205.62 ETH
Blast102.41 ETH
Manta6.96 ETH
X Layer2.25 ETH
Sonic0.0074 ETH
$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: 10 days ago (2025-04-03)

Methodology

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

TVL

Competitors

Renzo(382,552 ETH)Mitosis(20,666 ETH)Zero-G Finance(1.06 ETH)ether.fi Stake(2.38m ETH)Eigenpie(212,374 ETH)Affine Restaking(319.32 ETH)ether.fi Vaults(275,920 ETH)Mantle Restaking(233,745 ETH)YieldNest(144,092 ETH)Mellow LRT(120,167 ETH)