Kelp DAO
Kelp DAO
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Kelp DAO Official: rsETH, KEP Token & Gain Vaults
Kelp DAO Official: Liquid Restaking & Points Hub
Kelp DAO Official is a leading liquid restaking protocol built on EigenLayer, famous for introducing tokenized points. This technical documentation serves as the primary resource for minting rsETH Liquid Restaking tokens, trading $KEP EigenLayer Points, and utilizing Kelp Gain Airdrop Vaults for Layer 2 optimization. Kelp DAO makes the intangible value of "Points" liquid and tradable.
Kelp Ecosystem: The Liquid Layer
Kelp DAO differentiates itself by focusing on liquidity for both the asset and the reward points.
rsETH (LRT): The core token. Users deposit ETH or supported LSTs (stETH, ETHx, sfrxETH) to mint rsETH. This token accrues staking rewards and secures AVSs on EigenLayer.
$KEP (Tokenized Points): Ideally, EigenLayer Points are illiquid database entries. Kelp wraps these into an ERC-20 token ($KEP) where 1 KEP = 1 EigenLayer Point. This allows users to sell their points on Balancer or Uniswap before the EigenLayer airdrop occurs.
Kelp Gain: A "Smart Account" strategy layer. Users deposit assets to mint agETH. The protocol then bridges these assets to high-potential L2s (like Scroll or Linea) to farm their ecosystem airdrops, abstracting away the bridging and farming complexity.
Native Restaking & Infrastructure
The infrastructure of Kelp DAO Official is built for broad compatibility.
EigenPods: For Native ETH Restaking, Kelp spins up EigenPods. These are smart contracts that manage the withdrawal credentials of Ethereum validators, pointing them to EigenLayer to enable restaking without needing an intermediate LST.
Node Delegation: Kelp DAO does not run its own nodes directly but delegates the underlying assets to a curated set of high-performance Node Operators (like Stader, P2P, and Figment) to minimize slashing risk.
L2 Integration: rsETH is an Omnichain Fungible Token (OFT) utilizing LayerZero or similar bridges. This allows it to be used as collateral on Arbitrum, Optimism, and Base, deepening its DeFi integration.
KERNEL, Miles & Yield
The reward system gamifies the restaking experience.
Kelp Miles: The protocol's internal tracking metric. Miles are calculated based on: (Amount Staked) x (Days Staked). These Miles determine your eligibility for the $KERNEL Token Airdrop.
$KERNEL: The governance token. It was recently introduced to decentralize the protocol. Holders vote on treasury spending and AVS selection.
Boosted Yields: Kelp frequently runs campaigns (e.g., "DeFi Week") where providing rsETH liquidity on DEXs earns boosted Kelp Miles, effectively increasing the user's future airdrop allocation.
Security, Audits, and Backing
Kelp DAO Official leverages the expertise of the Stader Labs team (its incubator).
Audits: The smart contracts have been audited by premier firms like Sigma Prime and Code4rena. The logic for the $KEP token claiming and Gain strategies underwent specific security reviews.
Slashing Risk: As an LRT, rsETH is exposed to EigenLayer Slashing. If the operators selected by Kelp are slashed by an AVS, the value of rsETH could decrease. Kelp mitigates this via a rigorous operator vetting process.
Incubation: Being incubated by Stader Labs means Kelp inherited a mature technical team and operational practices from an established staking protocol.
Official Documentation & Reference
Access the verified Kelp DAO Official technical resources below:
App: kelpdao.xyz/restake
Gain: kelpdao.xyz/gain
Docs: kelp.gitbook.io
Twitter: x.com/KelpDAO
Frequently Asked Questions
What is rsETH? rsETH Liquid Restaking token represents your deposit in Kelp. It holds the value of your ETH plus all staking and restaking rewards.
What is the KEP token? $KEP is a token that represents EigenLayer Points. You can claim KEP based on your accrued points and sell them on a DEX if you want to "cash out" your points early.
What is Kelp Gain? Kelp Gain is an automated vault. You deposit ETH, and it farms airdrops on Layer 2 networks for you, issuing agETH as a receipt.
What is the KERNEL token? $KERNEL is the native governance token of Kelp DAO, distributed to users who earned Kelp Miles.