If you're interested in boosting your ETH yield while contributing to decentralized systems, Kelp by KernelDAO is an excellent choice. Here’s an easy-to-follow guide to help you navigate liquid restaking with rsETH on Kelp.
--- Step 1: Set Up Your Wallet
- Compatible Wallets: MetaMask, WalletConnect, Coinbase Wallet
- Network: Ethereum Mainnet
- Required Tokens: ETH or Liquid Staking Tokens (such as stETH, rETH, cbETH)
> Remember to keep a small balance of ETH to cover gas fees!
--- Step 2: Access the Kelp Application
- Visit: https://app.kelpdao.xyz
1. Click “Connect Wallet”
2. Choose your wallet and approve the connection.
--- Step 3: Select an Asset for Restaking On the dashboard, you will find options to deposit:
- ETH
- stETH (from Lido)
- rETH (from Rocket Pool)
- cbETH (from Coinbase)
For example, if you choose to deposit 1 ETH.
--- Step 4: Mint rsETH (Restaked ETH)
1. Specify how much ETH you wish to restake.
2. Click “Approve” if you are using a tokenized asset like stETH.
3. Click “Deposit & Mint rsETH.”
wait for a moment for the transaction to confirm on the blockchain.
You will then receive rsETH, a liquid restaking token that accrues EigenLayer points and yield.
--- Step 5: Utilize Your rsETH (Optional)
Looking to enhance your earnings? Here are some options for your rsETH:
- Provide liquidity on decentralized exchanges like Balancer or Uniswap
- Employ it in DeFi protocols that accept rsETH as collateral
- Gain airdrops from EigenLayer and partners of KernelDAO
--- Bonus: Monitor Your Rewards
Kelp offers a dashboard where you can check:
- Your rsETH balance
- Estimated yield
- Upcoming reward distributions (like EigenLayer points) Make it a habit to visit: https://app.kelpdao.xyz #KernelDAO