KelpDAO Bridged rsETH (Mode) (RSETH)

KelpDAO Bridged rsETH (Mode) (RSETH) Price

This cryptocurrency is not listed for trading or services on Gate.

$0.000000

Market Cap

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24h High

$2,496.421325

24h Low

$2,384.380113

24h Turnover

--

Total Supply

1.28K

Market Sentiment

Neutral

About KelpDAO Bridged rsETH (Mode) (RSETH)

rsETH, issued by Kelp DAO, is a Liquid Restaked Token (LRT) providing liquidity for assets deposited into restaking platforms like EigenLayer. It addresses the limitations of current restaking offerings by allowing restakers to stake their LST and mint rsETH tokens, representing fractional ownership of the underlying assets. rsETH distributes these tokens to different Node Operators within the Kelp DAO, accruing rewards from various services. The rsETH token's value reflects the combined value of the rewards and staked tokens. Restakers can swap rsETH for instant liquidity on AMMs or redeem underlying assets, and further leverage them in DeFi applications.

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