24h Change-1.84%
All Time HighAug 24, 2025$5,190
All Time LowSep 2, 2025$1,030
Market Cap$1.103b
Fully Diluted Valuation$1.103b
Circ. Supply569,420 rsETH
CEX Volume$0
DEX Volume$1.17m
How much debt can be issued against rsETH as collateral across lending protocols.
Maximum possible exposure to rsETH
$786.94m
$74.12 (max additional borrows against rsETH) + $786.94m (bad debt if rsETH was hacked now)
Morpho V1
$208.73 at-risk exposure = $134.61 bad debt if hacked + $74.12 additional borrowable against rsETH
Aave V3
$786.94m at-risk exposure = $786.94m bad debt if hacked + $0 additional borrowable against rsETH
Fluid
$8.48 at-risk exposure = $8.48 bad debt if hacked + $0 additional borrowable against rsETH
SparkLend
$204.14 at-risk exposure = $204.14 bad debt if hacked + $0 additional borrowable against rsETH
Showing collateral exposure for rsETH on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for rsETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
rsETH0xa1290d69c65a6fe4df752f95823fae25cb99e5a7 | $72.86 | $116.82 | ||
rsETH0x4186bfc76e2e237523cbc30fd220fe055156b41f | $1.19 | $0.22 | ||
rsETH0xc3eacf0612346366db554c991d7858716db09f58 | $0.072 | $17.57 | ||
rsETH0xa1290d69c65a6fe4df752f95823fae25cb99e5a7 | $0 | $740.76m | ||
rsETH0x4186bfc76e2e237523cbc30fd220fe055156b41f | $0 | $46.18m | ||
rsETH0xa1290d69c65a6fe4df752f95823fae25cb99e5a7 | $0 | $8.48 | ||
rsETH0xa1290d69c65a6fe4df752f95823fae25cb99e5a7 | $0 | $204.14 |
Risk-management actions published about rsETH by tracked risk managers and governance contributors, newest first.
Following the rsETH incident, Compound's exposure is assessed as limited based on on-chain data and analysis by risk partners like Gauntlet. The proposal authorizes an ETH contribution to the DeFi United recovery effort to help restore rsETH backing and mitigate systemic risks across DeFi markets, without altering protocol parameters.
The ongoing rsETH exploit has led to certain markets being paused, prompting user concerns about lack of notification. The Foundation is requesting a front-end banner to inform users of the paused status and has shared updates on X to support informed decisions.
Kelp's LayerZero V2 bridge was exploited on April 18, releasing ~116,500 unbacked rsETH on Ethereum without source-chain burns, which were deposited as collateral and used for borrowing. The new oracle adds multisig controls like price bounds and constant-rate override to prevent sharp unilateral repricing from Kelp's loss allocation, which could trigger simultaneous liquidations without governance response time.
Modest 1-2% LLTV increases across multiple debt pairs, calibrated to on-chain liquidity and volatility data to support greater usage without compromising liquidation efficacy.
The rsETH market has shown low user demand with average supply cap utilization of 0.73% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.
rsETH supply on Unichain is negligible at $0.13 and $247 on Arbitrum, far below $100K, reflecting dormant usage that warrants offboarding.
rsETH, a liquid staking token from Kelp, is already a robust collateral on Aave Core; adding WETH borrowing to its LST E-Mode unlocks yield-maximizing rsETH/WETH loops, historically a major borrowing demand source, with expectations of up to $1B in rsETH inflows.
rsETH, Kelp DAO's liquid staking token for ETH rewards, has shown a successful risk profile and DeFi utility on Aave V3 instances for Ethereum, Arbitrum, and Base. Onboarding to Avalanche as non-borrowable collateral in a dedicated e-mode with WETH starts with a 5,000 supply cap to enable liquidity while maintaining conservative parameters.
rsETH price feed is updated to Chainlink SVR for enhanced reliability in high-volatility scenarios and to CAPO to accurately reflect gradual growth relative to ETH without vulnerability to manipulated spikes.
Low user demand on Unichain with supply cap utilization at 0.0% over the past 30 days prompts reducing exposure to lower protocol risk.
An is required to view token usage.
An is required to view token liquidations.
Showing 10 of 19 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabRSETH | $1.119b | 3.71% | 3.71% | 2.22% | |||||
| open in new tabRSETHETH-pool | $19.38m | 0% | 0% | ||||||
| open in new tabRSETH-ETH | $6.37m | 0.01% | 0.01% | 0.02% | |||||
| open in new tabRSETH160 | $4.67m | 0% | 0% | 0% | |||||
| open in new tabRSETHcore | $2.38m | 0% | 0% | 0% | |||||
| open in new tabRSETH-WETH | $65,706 | 406% | 406% | 389% | |||||
| open in new tabWRSETH | $23,668 | 0.39% | 0.01% | 0.39% | 0.37% | ||||
| open in new tabRSETH-HGETH | $21,565 | 8.45% | 8.45% | 7.94% | |||||
| open in new tabWETH-WRSETH | $18,896 | 0.21% | 0.19% | ||||||
| open in new tabRSETHIsolated (rsETH/WETH) | $8,058 | 2.93% | 2.93% | 2.93% |
Showing 10 of 132 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabRSETH âžž MORPHO | $10.34m | 5.45% | 2.93% | 3.15% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž CBBTC | $8.3m | 2.81% | 2.93% | -0.15% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž LBTC | $3.34m | 3.66% | 2.93% | 0.91% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž CBXRP | $2.03m | 2.83% | 2.93% | -0.13% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž VVV | $1.68m | 2.93% | 2.93% | < 0.0001% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž RETH | $1.58m | 2.85% | 2.93% | -0.10% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž WELL | $545,831 | 3.57% | 2.93% | 0.80% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž WSTETH | $254,466 | 2.78% | 2.93% | -0.19% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž WEETH | $122,268 | 2.87% | 2.93% | -0.07% | 80% | $13,883 | $5,824 | ||
| open in new tabRSETH âžž TBTC | $47,508 | 3.28% | 2.93% | 0.44% | 80% | $13,883 | $5,824 |
