Kelp DAO focuses on Liquid Restaking Solutions for Ethereum and OP Mainnet, aiming to improve liquidity for assets on platforms like EigenLayer. Its primary product, rsETH, allows fractional ownership of staked assets, offering both instant liquidity and redemption options. Additionally, Kelp DAO has introduced $KEP (Kelp Earned Points), a token that equates to EigenLayer Points, giving users flexibility in how they manage and utilize these rewards.
Value Proposition:
Kelp DAO specializes in Liquid Restaking Solutions for Ethereum & OP Mainnet, enhancing liquidity for illiquid assets on restaking platforms like EigenLayer. Its key offering, rsETH, represents fractional ownership of staked assets, which can be traded for instant liquidity or redeemed for the underlying assets.
Governance:
Currently, Kelp DAO doesn't have a formal governance process in place. A formal process will be put in place, if Kelp DAO drops a governance token.
Tokenomics:
KelpDAO has created a liquid restaked token (rsETH) that provides users with access to staking rewards and DeFi opportunities within the Eigenlayer Ecosystem. Kelp DAO have created $KEP (Kelp Earned Points). $KEP is a token for an EigenLayer Point earned by Kelp where 1 $KEP = 1 Eigen Layer Point. Users have complete autonomy to store, trade, and utilize their accrued EigenLayer Points as they see fit.
