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Kelp

(KERNEL)

Ethereum Chain
Liquid Restaking
TVL by Chain
AssetQuantity
Ethereum$1.10B

Protocol Information

Kelp is the second largest liquid restaking protocol with ~$2B+ in TVL. Its liquid restaked token, rsETH, is live across 10+ major L2s and 40+ DeFi platforms, allowing users to restake while maintaining full liquidity.

Hacks

Refers to the unauthorized exploitation of vulnerabilities in cryptocurrency systems, blockchain networks, or related digital assets to steal funds, manipulate data, or disrupt operations.

Kelp Hack

Date18 Apr 2026
TechniqueCross-Chain Message Spoofing
Amount$293,000,000
ChainEthereum ,Arbitrum ,
LanguageSolidity
Bridge HackedYES

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Stats

Total Value Locked

$1,108,692,649

$1.10B

Methodology

deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contracts

Audit

A process where developers inspect the underlying code and/or algorithm that compose systems and applications, allowing them to spot potential bugs or points of failure before deployment. Audits are generally undertaken by third parties, which helps guarantee that the procedure is done in an unbiased and effective manner.

Funding Rounds

A history of funding rounds and capital raised by the protocol, including participating investors and funding details.

Date

22 May 2024

$9M

Private

Liquid Restaking Protocol

Lead Investors

SCB Limited

Laser Digital

Other Investors

Bankless Ventures
Hypersphere Ventures
Draper Dragon
DACM
Cypher Capital
ArkStream Capital
Cluster Capital
GSR
Longhash Ventures
Side Door Ventures
NOIA Capital
HTX Ventures
Avid3
ViaBTC Capital
DWF Ventures
Coinseeker.co
Tulipa Capital
Scott Moore
Alex Karl Svanevik
Sam Kazemian
Marc Zeller
Amrit Kumar
Anthony Lesoismein
Winslow Strong
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