Kelp DAO

Kelp restaking protocol aims to provide EigenLayer users with liquid restaking solutions. It allows them to earn rewards from staking and restaking simultaneously while still maintaining ownership of their funds via minting rsETH - Liquid Restaking Token (LRT).

It is the first staking protocol to offer liquidity to EigenLayer points, enabling users to trade points and even provide them into LPs in the form of the Kelp Earned Points - $KEP. $KERNEL is a native token of Kelp and Kernel DAOs, allowing governance participation and staking rewards, including in Kelp Protocol.

On the 22nd of May 2024, the project a Private token sale round, raising over $9M from DWF Labs, Hypersphere Ventures, and others.