What is Kelp DAO? Restaking is gradually becoming hotter as the day Eigen Layer’s token launch is approaching, this will be a huge growth driver and a huge boost for projects being built around Eigen Layer.
Today, everyone, please join me to learn about one of the potential projects in the Liquid Restaking field, Kelp DAO.
Kelp DAO Overview
What is Kelp DAO?
Kelp DAO is a Liquid Restaking platform with LRT (Liqid Restaking Token) Token is rsETH. Kelp DAO allows users to deposit assets such as rETH – Rocket PoolstETH – Lido Finance and cbETH – Coinbase Staked ETH and ETHx – Stader Ethereum. The protocol will return to users rsETH at a 1-1 ratio to the amount of ETH or LST that people have deposited into the protocol.
Kelp DAO was founded by Amitej G and Dheeraj B, both founders of Stader Labs – a Multichain platform Liquid Staking with over $350M+ TVL.
Mechanism of action
Liquid Restaking mechanism of action
The working mechanism of rsETH is quite simple.
- Step 1: Users stake their LST (Liquid Staking Token) tokens into the protocol to mint rsETH at a 1:1 ratio.
- Step 2: The rsETH contract will distribute the Tokens just sent from users to different Node Operators, these Nodes are all operated by Kelp DAO.
- Step 3: The rewards will be aggregated and sent to rsETH contracts. The price of rsETH will reflect the reward amount and the number of tokens staked into the protocol.
- Step 4: Users can swap rsETH on AMMs or choose to redeem through rsETH contracts.
- Step 5: Users can use rsETH to participate in DeFi such as providing liquidity on AMMs Pools to further optimize profits and increase capital utilization.
At present, Kelp DAO does not impose any fees on sending LSTs into the protocol.
Development Roadmap
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Investor
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Core Team
The project is built by members who have many years of experience outside the traditional market and have been successful with the Stader Labs project.
Co-Founder: Amitej Gajjala
- He received an MBA from the Indian Institute of Management, Calcutta in 2014. Previously, in 2005, he studied for 4 years and earned a bachelor’s degree in Electrical and Electronics Engineering from the Indian Institute of Technology, Madras.
- In January 2010, he worked as a Business Analyst at ZS Associates. He also worked as a Senior Business Analyst at ATKearney for 1 year and 6 months. In June 2017, he worked as Assistant Vice President at Zapr Media Labs.
- August 2018 He worked as AVP at Swiggpy for 2 years and 11 months and in 2021, he and his colleagues co-founded Stader Labs.
- He studied at IIT Kharagpur and has a bachelor’s degree in Information Technology. He also holds a Master’s degree in Computer Science from the University of Texas.
- He worked as a software engineer at PayPal for 1 year and 4 months from March 2025. He worked as a software engineer at Blend Labs and an engineer at LinkedIn. In June 2019, he was a Fellow at On Deck.
- In April 2021, he and his colleagues founded Stader Labs.
Tokenomics
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/KelpDAO
- Website: https://www.kelpdao.xyz/
- Telegram:
Summary
The battle in the Liquid Restaking segment is becoming increasingly hotter as any protocol wants to gain market share. With experience from the Stader Labs team that has had previous successes, Kelp DAO is a name that everyone should not miss. Hopefully through the article, everyone has an overview of what Kelp DAO is.
