Key Metrics
Fees (Annualized)$43.32m
Fees 30d$2.06m
Ethereum$1.92m
Arbitrum$70,506
Base$67,222
Scroll$811.59
Blast$152.76
ZKsync Era$132.86
OP Mainnet$43.69
Linea$27.25
Fees 7d$441,396
Ethereum$410,487
Arbitrum$15,517
Base$15,127
Scroll$182.95
Blast$34.8
ZKsync Era$30.06
OP Mainnet$9.7
Linea$5.77
Fees 24h$45,778
Ethereum$42,928
Arbitrum$1,431
Base$1,395
Scroll$17
Blast$3.21
ZKsync Era$2.77
OP Mainnet$0.89
Linea$0.53
Cumulative Fees$82.2m
Ethereum$76.12m
Arbitrum$3.02m
Linea$1.49m
Base$1.27m
Scroll$126,998.59
OP Mainnet$71,045.58
ZKsync Era$70,294.63
Blast$22,913.97
Revenue (Annualized)$3.13m
Revenue 30d$86,836
Ethereum$80,587
Arbitrum$3,174
Base$3,025
Scroll$36.94
Blast$5.95
ZKsync Era$5.27
OP Mainnet$1.36
Linea$0.78
Revenue 7d$18,879
Ethereum$17,489
Arbitrum$698
Base$681
Scroll$8.2
Blast$1.57
ZKsync Era$1.35
OP Mainnet$0.43
Linea$0.25
Revenue 24h$1,737
Ethereum$1,609
Arbitrum$64
Base$63
Scroll$0.76
Blast$0.14
ZKsync Era$0.12
OP Mainnet$0.04
Linea$0.02
Cumulative Revenue$5.95m
Ethereum$5.72m
Arbitrum$112,297
Linea$55,483.8
Base$50,010
Scroll$4,941.7
ZKsync Era$2,473.39
OP Mainnet$2,404.4
Blast$839.09
Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 7d$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 24h$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Cumulative Holders Revenue$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Total Raised$9m
May 22, 2024$9mRound: PrivateInvestors: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, ArkStream Capital, Cluster Capital, GSR, Longhash Ventures, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker.co, Tulipa Capital , Scott Moore, Alex Karl Svanevik, Sam Kazemian, Marc Zeller, Amrit Kumar, Anthony Lesoismein, Winslow Strong
Protocol Information
Kelp is the second largest liquid restaking protocol with ~$2B+ in TVL. Its liquid restaked token, rsETH, is live across 10+ major L2s and 40+ DeFi platforms, allowing users to restake while maintaining full liquidity.
Category:Liquid Restaking
Audits:
Methodology
TVL: deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contractsView code on GitHubFees: Sum of total staking rewards from rsETH (ETH staking rewards + EIGEN rewards), agETH management fees, and hgETH management/performance fees.View code on GitHubRevenue: Protocol fees from rsETH (3.5% of staking rewards), agETH management fees (2%), hgETH management fees (1.5%), and hgETH performance fees (20% of positive rate delta).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked1
Average Supply APY2.31%
Hacks
Date: Apr 18, 2026
Amount: $293m
Classification: Infrastructure
Technique: LayerZero OFT bridge exploit
Chains: Ethereum, Arbitrum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Kelp?
Kelp is the second largest liquid restaking protocol with ~$2B+ in TVL. Its liquid restaked token, rsETH, is live across 10+ major L2s and 40+ DeFi platforms, allowing users to restake while maintaining full liquidity.
What is Kelp's TVL?
Kelp currently has $864.5m in total value locked. TVL has decreased 12.8% over the past 30 days.
What chains does Kelp operate on?
Kelp operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Kelp generated in fees and revenue?
Over the past 30 days, Kelp generated $2.06m in fees. Of that, $86,836 was protocol revenue. Based on the trailing year, the annualized rate is $43.32m in fees and $3.13m in revenue.
How many yield pools does Kelp have?
DefiLlama tracks 1 Kelp yield pool with an average APY of 2.3%.
Has Kelp ever been exploited?
Kelp has 1 recorded security incident. The most recent incident occurred on Apr 18, 2026 and involved $293m. It was classified as Infrastructure.
