Kelp
Total Value Locked$1.124b
| Ethereum | $853.11m |
|---|---|
| Arbitrum | $262.82m |
| Base | $3.78m |
| Zircuit | $1.71m |
| Scroll | $1.18m |
| Swellchain | $466,017 |
| ZKsync Era | $271,691 |
| Blast | $136,376 |
| Mode | $94,096 |
| OP Mainnet | $58,566 |
| Hemi | $37,152 |
| Linea | $28,605 |
| Sonic | $18,001 |
| Berachain | $7,900 |
| Manta | $7,528 |
| X Layer | $733.77 |
| $38.7m | |
| $3.39m | |
| $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: 8 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).