# Kelp DAO

> Track Kelp DAO's fees, revenue, TVL and active users with daily on-chain data across 10 chains. Compare Kelp DAO with other liquid staking projects.

Source: [Kelp DAO on Token Terminal](https://tokenterminal.com/explorer/projects/kelpdao). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Liquid staking
- Chains: arbitrum, base, blast, ethereum, linea, manta, megaeth, optimism, scroll, zksyncera

## About

### What it is

Kelp DAO is a liquid restaking protocol built on Ethereum and EigenLayer. It enables users to restake their ETH and liquid staking tokens while maintaining liquidity through the rsETH derivative token. Kelp was launched in December 2023.

### Who uses it

Kelp DAO (part of KernelDAO) develops and governs the protocol. The protocol charges a 3.5% fee on staking rewards (revenue), as set by protocolFeeInBPS in the LRTConfig contract. Kelp DAO's $9M private sale was co-led by SCB Limited and Laser Digital, with participation from Bankless Ventures, Hypersphere Ventures, Cypher Capital, GSR, and others.

### How it works

Users deposit ETH or liquid staking tokens (stETH, ETHx, etc.) into Kelp and receive rsETH, a liquid restaking token. The deposited assets are delegated to EigenLayer operators to earn restaking rewards on top of base staking yields.

## Metrics

Token Terminal tracks these metrics for Kelp DAO daily. Each page has a chart with the full history.

- [Total value locked](https://tokenterminal.com/explorer/projects/kelpdao/metrics/tvl)
- [Fees](https://tokenterminal.com/explorer/projects/kelpdao/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/kelpdao/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/kelpdao/metrics/revenue)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/kelpdao/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/kelpdao/metrics/arpu)
- [Take rate](https://tokenterminal.com/explorer/projects/kelpdao/metrics/take-rate)

## Links

- [twitter](https://twitter.com/KelpDAO)
- [discord](https://discord.gg/kelpdao)
- [website](https://kelpdao.xyz/)