Kelp

Total Value Locked$919.29m
Chain Breakdown
Ethereum$879.15m
Arbitrum$8.47m
Base$6.31m
Zircuit$5.97m
Hemi$5.55m
Berachain$4.55m
Linea$4.08m
OP Mainnet$1.92m
Scroll$1.63m
Swellchain$591,979
ZKsync Era$540,513
Mode$331,755
Blast$165,218
Manta$11,234
X Layer$3,637
Sonic$11.91
$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: 11 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($613.58m)Mitosis($33.36m)Zero-G Finance($1,681)ether.fi Stake($3.843b)Eigenpie($342.31m)Affine Restaking($514,041)ether.fi Vaults($448.6m)Mantle Restaking($381.55m)YieldNest($233.52m)Mellow LRT($193.38m)