Key Metrics
Fees (Annualized)$43.43m
Fees 30d$2.09m
Ethereum$1.95m
Arbitrum$72,062
Base$68,479
Scroll$826.64
Blast$155.2
ZKsync Era$135.37
OP Mainnet$44.53
Linea$28.16
Fees 7d$449,494
Ethereum$418,615
Arbitrum$15,502
Base$15,112
Scroll$182.77
Blast$34.77
ZKsync Era$30.03
OP Mainnet$9.69
Linea$5.77
Fees 24h$132,491
Ethereum$123,237
Arbitrum$4,646
Base$4,529
Scroll$54.95
Blast$10.42
ZKsync Era$9
OP Mainnet$2.91
Linea$1.72
Cumulative Fees$82.27m
Ethereum$76.19m
Arbitrum$3.02m
Linea$1.49m
Base$1.28m
Scroll$127,033.59
OP Mainnet$71,047.44
ZKsync Era$70,300.37
Blast$22,920.62
Revenue (Annualized)$3.14m
Revenue 30d$88,628
Ethereum$82,251
Arbitrum$3,244
Base$3,082
Scroll$37.81
Blast$5.92
ZKsync Era$5.25
OP Mainnet$1.35
Linea$0.78
Revenue 7d$18,863
Ethereum$17,474
Arbitrum$698
Base$680
Scroll$8.19
Blast$1.56
ZKsync Era$1.35
OP Mainnet$0.43
Linea$0.25
Revenue 24h$5,640
Ethereum$5,223
Arbitrum$209
Base$204
Scroll$2.45
Blast$0.47
ZKsync Era$0.4
OP Mainnet$0.13
Linea$0.08
Cumulative Revenue$5.95m
Ethereum$5.72m
Arbitrum$112,431
Linea$55,483.86
Base$50,140
Scroll$4,943.26
ZKsync Era$2,473.65
OP Mainnet$2,404.48
Blast$839.39
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 $864.67m in total value locked. TVL has decreased 11.3% 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 $2.09m in fees. Of that, $88,628 was protocol revenue. Based on the trailing year, the annualized rate is $43.43m in fees and $3.14m 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.
