Kelp
Total Value Locked$1.597b
| Ethereum | $1.447b |
|---|---|
| Arbitrum | $74.78m |
| Base | $73.62m |
| Zircuit | $1.24m |
| Scroll | $651,312 |
| ZKsync Era | $107,823 |
| Blast | $97,349 |
| Mode | $69,576 |
| OP Mainnet | $47,792 |
| Swellchain | $35,171 |
| Linea | $18,029 |
| Sonic | $13,969 |
| Berachain | $6,131 |
| Manta | $4,999 |
| Hemi | $573.29 |
| X Layer | $561.08 |
| $38.11m | |
| $2.02m | |
| $9m |
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
Development Activity
(updated at 03/04/25)
Weekly commits: 2
Monthly commits: 2
Weekly developers: 2
Monthly developers: 2
Last commit: a year ago (2025-04-03)
Methodology
TVL: deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contracts
Fees: Sum of total staking rewards from rsETH (ETH staking rewards + EIGEN rewards), agETH management fees, and hgETH management/performance fees.
Revenue: 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).