January 12, 2024

One Token For All LSTS | Liquid Restaking with Kelp's rsETH | Quick Hit

28 minutes

Amit Gajjala and Dheeraj Borra are Core Contributors at Kelp DAO.

In this Quick Hit, we review one token for all ETH LSTs, Kelp's liquid restaking token rsETH! Learn how rsETH accepts stETH, ETHx, and soon other LSTs such as rETH to deposit into EigenLayer while providing users a transferrable liquid utility token. rsETH is the answer for many users who locked up their LSTs in EigenLayer but want to maintain liquidity.

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Timestamps

0:00 - Intro

5:03 - Background on EigenLayer caps

6:38 - What is liquid restaking and rsETH?

10:07 - What's an AVS in EigenLayer?

11:04 - Architecture of rsETH token

14:39 - Positive reception among users

18:08 - What happens when EigenLayer caps fill?

19:28 - Stacking rewards through Kelp's rsETH

22:07 - Future EigenLayer airdrops for liquid restakers?

23:23 - Coming DeFi integrations for rsETH

24:35 - New support for more LSTs with rsETH

25:32 - What's live and risks to know

26:38 - Closing

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🔗 Guest Links 🔗

► Kelp Website: https://kelpdao.xyz/

► Kelp on Twitter: https://twitter.com/KelpDAO

► Amit on Twitter: https://twitter.com/GAmitej

► Dheeraj on Twitter: https://twitter.com/galacticminter

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🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

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