KelpDAO (rsETH)

Liquid restaking token from KelpDAO

What this yield is

• Protocol: KelpDAO
• Token: rsETH (KelpDAO Restaked Ether)
• Underlying: ETH, stETH, sfrxETH, ETHX
• Yield sources: ETH staking + EigenLayer AVS rewards
• Additional rewards: Kelp Miles + EigenLayer Points
• Networks: Ethereum, Arbitrum, Optimism, Base

rsETH is a liquid restaking token (LRT) that allows restaking of ETH and various LSTs. It earns staking rewards plus EigenLayer AVS rewards while maintaining DeFi composability.

How rsETH works

1. Deposit: Stake ETH or LSTs into KelpDAO
2. Receive: Get rsETH representing your restaked position
3. Earn: Accumulate ETH staking rewards + EigenLayer rewards + miles
4. Use: rsETH is liquid and usable in DeFi
5. Exit: Swap rsETH on DEXs (native withdrawals not enabled)

Token mechanics

Property	Description
Type	Non-rebasing (exchange rate increases)
Yield accrual	Via rising rsETH:ETH exchange rate
Liquidity	Available on major DEXs
DeFi utility	Collateral, LP positions, lending

Required inputs

Parameter	Description
yieldId	ethereum-kelpdao-rseth-staking
address	User’s wallet address
amount	Amount to restake

Example flow

Get yield metadata

curl --request GET \
  --url https://api.yield.xyz/v1/yields/ethereum-kelpdao-rseth-staking \
  --header 'accept: application/json' \
  --header 'x-api-key: <API_KEY>'

Operational notes

No pending actions

rsETH has no pending actions. Rewards accrue automatically via exchange rate.

Exit via DEX

Native withdrawals are not enabled. Use DEX swaps to exit positions.

Multiple input assets

Ethereum supports ETH, stETH, sfrxETH, ETHX. L2s support ETH only.

Points programs

Holders earn Kelp Miles and EigenLayer Points automatically.

See also

KelpDAO Restaking

Full restaking details

Quickstart

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