EigenLayer has introduced a new era of crypto-economic security, but native restaking locks up your capital. Kelp DAO Official solves this with rsETH, a Liquid Restaked Token (LRT). This guide shows you How to Restake with Kelp and get rsETH.
Core Concept: What is rsETH?
rsETH is a liquid token that represents your share of ETH or Liquid Staking Tokens (LSTs) deposited into the Kelp DAO EigenLayer strategy. It allows you to earn EigenLayer rewards while remaining liquid to participate in other DeFi activities. This is the essence of Kelp rsETH Liquid Restaking.
Step 1: Choose Your Asset
Kelp supports two main types of deposits:
ETH (Native Restaking)
LSTs like stETH (Lido) and ETHx (Stader) for Kelp LST Restaking.
Step 2: Minting rsETH
Navigate to the official Kelp DAO dApp.
Connect your Web3 wallet.
Select the "Restake" tab.
Choose the asset you wish to deposit (e.g., ETH or stETH).
Enter the amount you want to restake. The interface will show you the amount of rsETH you'll receive.
Approve the transaction and then confirm the deposit.
Once the transaction is complete, you will have rsETH in your wallet. You are now earning EigenLayer native rewards, plus Kelp Miles as an additional incentive.
Step 3: Utilizing rsETH in DeFi
The power of rsETH is its liquidity. You can now take your rsETH and use it in various rsETH DeFi Integrations like lending protocols, AMMs, and yield farms to earn additional layers of yield on top of your base staking and restaking rewards.
For a full breakdown of the architecture and supported assets, please refer to the https://sites.google.com/koinly-tax-reports.org/kelp-dao/.
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