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rsETH, launched by Kelp DAO, is a Liquid Restaked Token (LRT) designed to supply liquidity to assets deposited into restaking platforms such as EigenLayer. It aims to overcome constraints in existing restaking products by letting users stake their LST and mint rsETH, which denotes fractional ownership of the assets underneath. rsETH is allocated by Kelp DAO to different Node Operators, which then earn rewards through multiple services. The rsETH token’s price tracks the total value of earned rewards plus the staked positions. Holders can exchange rsETH for immediate liquidity via AMMs or redeem the underlying assets, and they can also use rsETH to build further positions in DeFi.
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