DeFi Intel

rsETH token

Token · PageRank 0.0067

Also known as: Kelp Restaked ETH

Source: kelpdao.xyz

Overview

rsETH is a liquid restaking token (LRT) issued by Kelp DAO. It represents ETH deposited into EigenLayer's restaking protocol, where it is used to secure actively validated services and accrues rewards. rsETH can be deployed in DeFi applications to maintain liquidity.

Within the DeFi Intel graph, rsETH connects to 8 tracked entities, most strongly to Ethereum, Kelp DAO, Kelp Dao.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).

RelationConnected entityConfidence
deployed_onEthereum95%
supports_tokenKelp DAO95%
issued_byKelp Dao95%
contagion_toKelp Dao Exploit95%
issued_byKelp DAO90%
staked_inEigenLayer85%
coversAave DAO Asked to Commit 25,000 ETH to Industry-Wide rsETH Recovery Fund70%
coversAave Announces 'DeFi United' Relief Fund to Restore rsETH Backing After Kelp Exploit70%

Frequently asked questions

What is rsETH?

rsETH is a liquid restaking token (LRT) issued by Kelp DAO. It represents ETH deposited into EigenLayer's restaking protocol, where it is used to secure actively validated services and accrues rewards.

What chain does rsETH run on?

rsETH is deployed on the Ethereum blockchain.

What is rsETH connected to?

rsETH is staked in EigenLayer and is supported by Kelp DAO. It was also involved in the Kelp DAO Exploit, after which Aave announced a 'DeFi United' Relief Fund to restore rsETH backing.