One Token For All LSTS | Liquid Restaking with Kelp's rsETH | Quick Hit
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. ------ 🔗 Essential Show Links 🔗 ► Subscribe on Youtube: https://youtube.com/@defidad ► Subscribe on Apple: https://tinyurl.com/edgepod ► Subscribe on Spotify: https://tinyurl.com/edgepodspotify ► Subscribe on Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🥩 ETHER.FI | LIQUID STAKING AND RESTAKING ALL-IN-ONE 🥑 INSTADAPP | THE NEW AVOCADO WALLET AND MULTISIG 🦊 METAMASK PORTFOLIO | TRACK AND MANAGE YOUR WEB3 EVERYTHING 🧑🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS 🙋♀️ Interested to sponsor The Edge Podcast? Fill this out: https://hl6pu9d99u5.typeform.com/to/E3NY5Mqn ------ 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 ------ 🔗 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 ------ 🙏 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.