Kelp DAO Restaked ETH 

RSETH Price

What is the Kelp DAO Restaked ETH (RSETH) token?

Kelp DAO Restaked ETH (RSETH) is a liquid restaking token issued by Kelp DAO, a liquid restaking protocol built on EigenLayer that now operates under the KernelDAO brand. Depositors restake ETH or liquid staking tokens and receive rsETH — a liquid claim on the restaked assets plus accrued staking and restaking rewards. rsETH launched on Ethereum mainnet in December 2023. Tracked deployments exist on Ethereum, Arbitrum One, Base, OP Mainnet, Linea and Scroll. DropsTab classifies RSETH under Liquid Restaking Tokens (LRTs).

How do you restake ETH with Kelp DAO and receive rsETH?

Users deposit ETH or a liquid staking token — stETH, rETH, cbETH or ETHx — with Kelp DAO. The protocol restakes the deposits through EigenLayer, where the assets help secure AVSs (Actively Validated Services) on Ethereum, and mints rsETH to the depositor. Staking and restaking rewards accrue to the rsETH-to-ETH exchange rate rather than to a separate payout, so each rsETH becomes redeemable for progressively more ETH. rsETH is composable across lending, DEX and wallet integrations.

Is rsETH the same as stETH?

No. stETH is a liquid staking token representing Ethereum staked on the beacon chain. rsETH is a liquid restaking token representing assets restaked through EigenLayer. Kelp DAO accepts stETH as a deposit asset, so stETH holders can convert an existing staking position into a restaking position by minting rsETH. rsETH trades above 1 ETH because staking and restaking rewards accrue to the exchange rate.

What is RSETH's total supply and maximum supply?

RSETH has no fixed maximum supply and no emission schedule. The token is a receipt instrument: supply expands when users deposit and mint, and contracts when users redeem. Per DropsTab data, no maximum supply cap is recorded for RSETH. Value accrues through the rising exchange rate rather than through new issuance. The live supply figure appears in the token panel above.

Does RSETH have a vesting schedule or token unlocks?

No. rsETH has no team or investor allocations, no vesting cliffs, and no unlock calendar. Supply changes only through user deposits and redemptions, so no insider-unlock inflation vector exists. KERNEL, the governance token of parent KernelDAO, does carry its own unlock schedule — that schedule does not apply to RSETH.

Who backed Kelp DAO and how much funding did it raise?

Kelp DAO raised $9 million in its first private sale, announced on May 22, 2024. SCB Limited and Laser Digital — Nomura's digital asset arm — led the round with a combined $3.5 million. More than 17 funds participated, including GSR, Hypersphere, Bankless Ventures, HTX Ventures and DWF Ventures. Over 10 angel investors joined, among them Scott Moore (Gitcoin) and Sam Kazemian (Frax Finance). Laser Digital's lead ties the protocol to a major Japanese bank's crypto unit.

What was the rsETH bridge exploit of April 2026?

On April 18, 2026, attackers released roughly 116,500 rsETH — about $292M — from the rsETH cross-chain bridge built on LayerZero. LayerZero and Chainalysis attributed the attack to North Korea's Lazarus Group. Kelp DAO paused contracts, blacklisted attacker addresses, and blocked a second 40,000 rsETH drain. On April 20, 2026, the Arbitrum Security Council froze 30,766 ETH of attacker-linked funds. Kelp DAO announced full recovery, with deposits and withdrawals resumed, and Kelp committed 2,000 ETH to restore full backing. Kelp DAO later sued LayerZero and its CEO Bryan Pellegrino.

Is RSETH safe after the rsETH exploit?

The protocol's main recorded incident is the April 2026 bridge exploit, after which Kelp DAO officially announced full recovery, with deposits and withdrawals resumed. Remaining risks are largely structural: RSETH trades only on decentralized exchanges, so exit liquidity depends on AMM pool depth, and restaked assets securing AVSs carry smart-contract exposure beyond plain Ethereum staking.

Where can you buy and trade RSETH?

Per DropsTab data, RSETH trades on decentralized exchanges only — no centralized-exchange spot pairs and no derivative markets are tracked. Liquidity sits in Uniswap, Camelot and Ramses AMM pools on Ethereum and Arbitrum One. The main quote assets are WETH and WSTETH. Because no centralized venue backs the market, exit depth and price impact depend on AMM pool depth — a structural liquidity constraint for a token with this incident history.

Is RSETH the same as KERNEL or wrapped rsETH (WRSETH)?

No. KERNEL is the separate governance token of parent KernelDAO, with its own tokenomics and unlock schedule — that schedule does not apply to RSETH. Wrapped rsETH (WRSETH) is a distinct wrapped instrument, not the base rsETH token. RSETH is the liquid restaking receipt itself, deployed on Ethereum, Arbitrum One, Base, OP Mainnet, Linea and Scroll.