Kelp DAO

Introduction: Kelp DAO, founded by Amitej G and Dheeraj B, focuses on Liquid Restaking Solutions for public blockchains, developing rsETH, an LRT solution on EigenLayer for Ethereum.

What is rsETH? rsETH is an LRT from Kelp DAO, providing liquidity to assets in restaking platforms. It allows fractional ownership of deposited assets.

How rsETH Works: Restakers stake LST to mint rsETH tokens, distributed to Node Operators. Rewards accrue from services to the rsETH contracts, influencing the token's price.

Benefits of rsETH: For Restakers: Provide liquidity, save effort in identifying services, and manage rewards. For AVSs: Save effort in identifying partners and reduce security bootstrapping. For Operators: Save effort in identifying services and restakers, and manage rewards.

KEP Token: $KEP (Kelp Earned Points) represents EigenLayer Points earned by restakers. Users can claim $KEP weekly for the previous week's points.

Future Rewards: $KEP holders will receive rewards issued by EigenLayer or other protocols for EigenLayer Points in proportion to their $KEP holdings.

Airdrops by Kelp DAO

Name	Status	Rewards	Crypto
Kelp DAO	Active	N/A Approx. value	KELP
Kelp DAO	Closed	N/A Approx. value	$USDC, $ARB, $OP, $SD, EL Pts, Kelp Miles
Kelp DAO	Closed	N/A Approx. value	KELP

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