Kelp Earn protocol
Overview
Kelp Earn is a liquid restaking vault platform built on EigenLayer. It enables users to deposit ETH to earn yields from restaking while maintaining liquidity via rsETH tokens. The platform is governed by the Kelp DAO community. In April 2026, the wider Kelp DAO bridge exploit (~$292M in rsETH drained via a compromised LayerZero DVN setup) temporarily impaired rsETH's backing across the ecosystem.
Within the DeFi Intel graph, Kelp Earn connects to 5 tracked entities, most strongly to Ethereum, Arbitrum, Base.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 85% |
deployed_on | Arbitrum | 85% |
deployed_on | Base | 85% |
deployed_on | Optimism | 85% |
built_on | Kelp DAO | 85% |
Frequently asked questions
What is Kelp Earn?
Kelp Earn is a liquid restaking vault platform built on EigenLayer that allows users to deposit ETH to earn yields from restaking while maintaining liquidity via rsETH tokens.
Which chains is Kelp Earn deployed on?
Kelp Earn is deployed on Arbitrum, Optimism, Ethereum, and Base.
Who governs Kelp Earn?
Kelp Earn is governed by the Kelp DAO community.