Kelp
Total Value Locked$1.233b
| Ethereum | $1.022b |
|---|---|
| Arbitrum | $149.47m |
| Base | $58.87m |
| Zircuit | $1.05m |
| Scroll | $674,751 |
| Swellchain | $254,048 |
| ZKsync Era | $148,195 |
| Blast | $82,041 |
| Mode | $57,596 |
| OP Mainnet | $37,122 |
| Linea | $14,954 |
| Sonic | $11,462 |
| Berachain | $5,031 |
| Manta | $4,768 |
| Hemi | $511.47 |
| X Layer | $460.4 |
| $47.76m | |
| $4.24m | |
| $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: 10 months 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).