About KelpDAO Restaked ETH

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.