Kelp DAO
Staking · Liquid Restaking · rsETH
Kelp DAO's rsETH is a liquid restaking token backed by a basket of accepted LSTs (e.g. stETH, ETHx), giving diversified restaking exposure with liquidity.
LST-backed liquid restaking basket.
Total staked
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Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Kelp DAO and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Ether.fi | Market-leading Ethereum liquid restaking protocol (eETH/weETH) built on EigenLayer. | Liquid restaking on EigenLayer; issues a non-rebasing wrapped token usable across DeFi; points/airdrop-driven growth. | Ether.fi centers on native ETH staking with delegated node operation and has expanded into cards/cash products; Kelp is built around accepting existing LSTs (stETH, ETHx) into a restaked basket. |
| 2 | Renzo | Liquid restaking protocol issuing ezETH across EigenLayer and multiple chains. | EigenLayer-based LRT with a reward-bearing token and heavy points/airdrop incentives; multi-chain distribution. | Renzo emphasizes cross-chain ezETH availability and its own AVS strategy; Kelp differentiates on multi-LST deposit support and the Stader/Kernel ecosystem. |
| 3 | Puffer Finance | Native liquid restaking protocol (pufETH) with anti-slashing tech on EigenLayer. | EigenLayer liquid restaking with a value-accruing token and DeFi integrations. | Puffer focuses on native restaking and permissionless node operation with Secure-Signer anti-slashing; Kelp focuses on pooling third-party LSTs. |
| 4 | Kelp DAO (Stader ETHx as base staking comparison) | Stader is the multichain liquid staking provider (ETHx) run by Kelp's founders — an adjacent, partly overlapping product. | Shared founders and infrastructure; ETHx is one of the LSTs restaked inside rsETH. | Stader provides base liquid staking (ETHx) while Kelp adds a restaking layer on top; they are complementary more than directly competitive. |
| 5 | Bedrock | Multi-asset liquid restaking (uniETH / uniBTC). | Both in Staking (Liquid Restaking). | Multi-asset LRT suite (ETH and BTC) with an institutional design partnership (RockX). |
| 6 | YieldNest | Curated liquid restaking baskets (MAX LRTs). | Both in Staking (Liquid Restaking). | Opinionated, curated LRT baskets ('MAX' tokens) that package AVS selection and risk management for users. |