rsETH: Liquid restaking token providing liquidity and maximizing rewards.
Kelp DAO's rsETH is an LRT offering liquidity for restaked assets, earning rewards and enabling DeFi participation.
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What is KelpDAO Restaked ETH (RSETH)?
Kelp DAO's rsETH is a liquid restaked token (LRT) designed to provide liquidity for assets restaked in platforms like EigenLayer. It overcomes the drawbacks of existing restaking options by enabling users to stake their Liquid Staking Tokens (LSTs) and receive rsETH, which represents partial ownership of the restaked assets. rsETH tokens are allocated to different Node Operators within Kelp DAO to generate rewards from various services. The value of rsETH is tied to the combined value of these rewards and the underlying staked tokens. Users can readily exchange rsETH on AMMs for instant liquidity, redeem it for the underlying assets, and even use it in various DeFi applications.
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KelpDAO Restaked ETH price live information
As of now, KelpDAO Restaked ETH is trading at 2 100.877934 USD, with a 24-hour trading volume of approximately 0 USD. The RSETH to USD price is updated in real time. Over the past 24 hours, KelpDAO Restaked ETH has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 1.21B USD. Currently, there are 576 737 RSETH in circulation out of a maximum supply of 576 737 RSETH.
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