Verified OGs:
8
CryptoFam:
97
Projects:
20831
BTC:
$103343
-3.25%
ETH:
$3829.66
-4.80%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
9.5176730042389E+24.0T
Fear&Greed:
87

Kelp DAO Restaked ETH RSETH
$3949.45 -4.62%
OG Score 50.00
Reviews 1
TBA 0
Kelp DAO Restaked ETH RSETH Price
$3949.45 1.9%
Low All Time High
$2069.62 $4216.2
About Kelp DAO Restaked ETH

rsETH offers liquid staking solutions, enhancing liquidity and reward management for restaked assets... Learn More

OG Score 50.00
Reviews 1
Market Cap $1.90B
Market Cap Rank # 78
Token Stats
Fully Diluted Valuation $1.90B
24H Trading Volume $2.77M
24H Low / High $3.94 K / $ 4.15 K
Circulating Supply $ 480.73 K
Total Supply $ 480.73 K
Max Supply $ 0.00
Info
Categories Liquid Staking Tokens 3 more
Founder Amitej G and Dheeraj B.
Website kelpdao.xyz
Socials
Chains Kelp DAO Restaked ETH Ecosystem
RSETH Price Chart
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OG Evaluation

OG Score
Reviews 1
OG Score Rank #52
Gem Score 50

OG Reviews

Jhon Doe 21.10.2024 0x4f5...5f294
53.50
The point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a more-or-less normal distribution Read More 53.50
BTC 60,186
Martha Vasquez 11.09.2024 0x4f5...5f294
70.23
The point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a more-or-less normal distribution Read More 70.23
BTC 60,186
Antonio Ferguson 12.12.2024 0x4f5...5f294
40.32
The point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a more-or-less normal distribution Read More 40.32
BTC 60,186
Ted Gardner 11.12.2024 0x4f5...5f294
55.20
The point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a more-or-less normal distribution Read More 55.20
BTC 60,186

Markets

Exchange Pair OG Score TBA 24h Volume

About Project

About Project
Read More Read Less

What is Kelp DAO Restaked ETH (RSETH)?

In the evolving landscape of decentralized finance (DeFi) and blockchain technology, liquid restaking has emerged as a critical mechanism to bolster the efficiency and security of blockchain networks. Kelp DAO, founded by industry veterans Amitej G and Dheeraj B, is at the forefront of this innovation with its introduction of rsETH, a Liquid Restaked Token (LRT) designed to address the liquidity challenges inherent in restaking.

 

The Concept of rsETH

rsETH is a token developed by Kelp DAO to offer liquidity solutions for assets deposited into restaking platforms such as EigenLayer. Restaking, the process of staking assets to secure a network while simultaneously participating in additional services, often results in the assets becoming illiquid. rsETH provides a solution to this problem by allowing users to access liquidity without relinquishing their staked assets.

 

How rsETH Functions

Minting Process: To obtain rsETH, users first stake their Liquid Staking Tokens (LST) into the Kelp DAO protocol. This action mints rsETH, representing fractional ownership of the staked assets. This tokenization process effectively converts the staked assets into a liquid form.

 

Distribution to Node Operators: The rsETH contracts allocate the deposited tokens among various Node Operators within the Kelp DAO ecosystem. These operators are responsible for providing network security and other services.

 

Accrual of Rewards: The rewards generated from the services provided by Node Operators are accumulated by the rsETH contracts. The value of rsETH reflects the underlying rewards and staked assets, enabling users to benefit from both their initial stake and additional rewards.

 

Liquidity and Redemption Options: Users can either swap their rsETH tokens for other cryptocurrencies on Automated Market Makers (AMMs) or redeem their underlying assets through rsETH contracts. This flexibility ensures that users have access to liquidity when needed while still benefiting from their staked investments.

 

Integration with DeFi: Beyond providing liquidity, rsETH can be utilized within various DeFi applications. This allows users to leverage their rsETH tokens for additional financial opportunities, such as lending or yield farming.

 

Benefits of rsETH

For Restakers:

 

Liquidity Provision: rsETH allows users to access liquidity while their assets remain staked, thus solving the illiquidity problem associated with traditional restaking.

Simplified Management: It alleviates the need for users to research and select optimal services and validators. The protocol handles this complexity, streamlining the process.

Reward Management: Users benefit from a consolidated management of rewards earned from restaking, enhancing overall financial efficiency.

For Asset Verification Services (AVSs):

 

Operational Efficiency: AVSs benefit from reduced effort in identifying and partnering with Node Operators, streamlining the process of integrating with the Kelp DAO ecosystem.

Network Security: The system helps in bootstrapping security and reducing emissions related to rewards, contributing to a more stable network.

For Operators:

 

Simplified Engagement: Node Operators experience a reduction in the effort required to find suitable services and attract restakers. This simplification enhances operational efficiency.

Reward Management: The protocol facilitates the management of rewards from restaking, allowing operators to focus on their core responsibilities.

 

The Role of rsETH in the Kelp Ecosystem

The rsETH smart contracts are integral to the Kelp DAO protocol. They serve as the foundational components that enable the functionality of the entire network, including the Kelp decentralized application (dApp). These contracts ensure that the process of liquid restaking is both efficient and secure, providing a robust solution to the challenges faced in this space.

 

In summary, rsETH represents a significant advancement in the realm of liquid restaking. By addressing liquidity issues and simplifying various processes for users, AVSs, and operators, Kelp DAO is setting a new standard in how restaked assets are managed and utilized within the blockchain ecosystem.

What is unique about Kelp DAO Restaked ETH (RSETH)?

rsETH offers a liquid restaking solution that provides liquidity and efficient reward management for staked assets, solving common liquidity issues in restaking.

Who are the founders of Kelp DAO Restaked ETH (RSETH)?

rsETH was founded by Amitej G and Dheeraj B, known for their work with Stader Labs.

Where can I buy Kelp DAO Restaked ETH (RSETH)?

 

What are Kelp DAO Restaked ETH (RSETH) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Kelp DAO Restaked ETH RSETH. To access these ratings, evaluations, and comments, click here.

How to mine Kelp DAO Restaked ETH (RSETH)? How can I stake Kelp DAO Restaked ETH (RSETH)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Kelp DAO Restaked ETH (RSETH)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Kelp DAO Restaked ETH (RSETH) is ($480,728), max supply of Kelp DAO Restaked ETH  RSETH is ($0) and the market cap of Kelp DAO Restaked ETH  RSETH is ($1,898,708,290)

What is the Kelp DAO Restaked ETH (RSETH) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Kelp DAO Restaked ETH (RSETH)?

The current market price of Kelp DAO Restaked ETH (RSETH) is $3,949. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Kelp DAO Restaked ETH (RSETH) a good investment?

It is important to do comprehensive research before deciding whether Kelp DAO Restaked ETH (RSETH) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Kelp DAO Restaked ETH RSETH) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Kelp DAO Restaked ETH (RSETH) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Kelp DAO Restaked ETH (RSETH) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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