# Kelp DAO

**Source:** https://www.startuphub.ai/startups/kelp-dao
**Profile type:** Startup

> A liquid restaking protocol for earning enhanced yields on staked Ethereum and Liquid Staking Tokens.

## About

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.

## Key facts

- **Slug:** kelp-dao
- **Website:** https://kerneldao.com
- **Founded:** 2023-11-01
- **Operating status:** Active
- **Total funding:** $9M
- **Sectors / tags:** Cryptocurrency, Decentralized Finance (DeFi), Blockchain, DeFi, Liquid Staking, Restaking, EigenLayer, Yield Farming, Web3, Smart Contracts, Cross-chain, Decentralized Finance, Staking, Liquid Staking Tokens, Yield Generation, Fintech
- **Social:**
  - Twitter: https://x.com/kernel_dao

## Frequently asked

### 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.

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