Kelp
Total Value Locked$1.323b
| Ethereum | $1.042b |
|---|---|
| Linea | $139.41m |
| Arbitrum | $108.62m |
| Base | $27.95m |
| Zircuit | $2.12m |
| Scroll | $1.48m |
| Swellchain | $665,237 |
| Hemi | $351,606 |
| ZKsync Era | $350,217 |
| Blast | $162,934 |
| Mode | $116,923 |
| OP Mainnet | $69,079 |
| Sonic | $21,233 |
| Berachain | $9,326 |
| Manta | $8,879 |
| X Layer | $865.49 |
| $52.33m | |
| $4.92m | |
| $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: 7 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).