What is KelpDAO?
KelpDAO is a decentralized autonomous organization (DAO) that focuses on providing liquid restaking solutions for Ethereum and other blockchain networks. KelpDAO aims to enhance liquidity and yield opportunities for staked assets through its innovative Liquid Restaked Token (LRT) solution, rsETH.
The primary product of KelpDAO, rsETH, allows users to stake their ETH and other liquid staking tokens (LSTs) such as stETH and ETHx, and receive rsETH in return. This liquid token can be used in various DeFi protocols, providing users with both the staking rewards and the flexibility to utilize their assets in other financial activities. The platform aims to address the challenges and risks associated with restaking by offering a seamless and efficient way to manage and leverage staked assets.
KelpDAO integrates with multiple DeFi platforms including Uniswap, Aave, and Compound, enabling users to swap and leverage their rsETH without losing their staking rewards. The governance of KelpDAO is managed by the community, allowing token holders to participate in decision-making processes and value distribution within the DAO.
In addition to its core liquid restaking services, KelpDAO has introduced KEP (Kelp Earned Points), which represent EigenLayer points and provide users with additional liquidity options and benefits. KelpDAO also emphasizes robust security measures, undergoing multiple audits to ensure the safety and reliability of its platform.