What is Kelp

Kelp DAO was founded by the team behind Stader Labs, a multichain liquid staking platform, to build liquid restaking solutions for blockchain networks. The first liquid restaked token (LRT) offered by Kelp is rsETH, which aims to address the risks and challenges posed by the current restaking offering. To mint rsETH, stakers first come to Kelp with their liquid staked token (LST). Once deposited, the rsETH contracts then distribute the LST into different node operators that operate with the Kelp DAO. Rewards from various services accrue to the rsETH contracts, with the price of rsETH accruing from the various rewards.

How Kelp makes money

Currently, Kelp DAO does not charge any fees on LST deposits. Users can deposit and mint rsETH without incurring any fees.

How you make money on Kelp

You can generate additional yield on top of your LSTs by depositing into Kelp to earn restaking rewards. The unlocked liquidity with rsETH can also be redeployed within a number of popular DeFi protocols to generate additional yield on top of the staking and restaking rewards.