Kelp DAO
Kelp DAO43
Kelp DAO
A liquid restaking protocol for earning enhanced yields on staked Ethereum and Liquid Staking Tokens.
About
What does Kelp DAO do?
Kelp DAO is a leading liquid restaking protocol that enables users to restake Ethereum and other Liquid Staking Tokens (LSTs) to earn higher rewards. Its core product, rsETH, is designed to be battle-tested and institutional-grade, maintaining liquidity and offering maximum utility across various DeFi protocols.
What is Kelp DAO's revenue?
StartupHub estimates Kelp DAO's annual revenue at $4.0M (range $2.9M to $9.7M, 42% confidence), based on comparable companies in the sector.
What is Kelp DAO's valuation?
StartupHub estimates Kelp DAO's effective valuation at $63.7M (range $44.6M to $82.8M, 32% confidence), based on comparable companies in the sector.
How much funding has Kelp DAO raised?
Kelp DAO has raised a total of $9M in funding. The most recent round on record is Private Token Sale.
When was Kelp DAO founded?
Kelp DAO was founded in 2023.
What industry does Kelp DAO operate in?
Kelp DAO operates in Cryptocurrency, Decentralized Finance (DeFi), Blockchain, DeFi, Liquid Staking, Restaking.
“The Kelp DAO exploit wasn't a complex hack. It's a textbook example of why the industry keeps building financial infrastructure out of wet cardboard.. If you're still chasing yield in liquid restaking protocols, you're stacking risks like a…”
View on Reddit“Kelp DAO (under KernelDAO) is a liquid restaking protocol that issues rsETH — basically a token representing restaked ETH. You can: • Earn staking + EigenLayer rewards • Still use that same capital across DeFi Sounds great… until this happe…”
View on Reddit“A normal-looking LayerZero packet (nonce 308) was verified, committed, and executed on Ethereum, releasing 116,500 rsETH from bridge inventory without any burn or nonce advance on Unichain. This was a phantom cross-chain message, not a mint…”
View on Reddit“KelpDAO rsETH $290M hack incident is another bridge exploit. Early reports suggest roughly $290M was affected after suspicious cross chain activity involving rsETH. KelpDAO has since paused rsETH contracts across mainnet and several L2s whi…”
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