Kelp
Liquid staking app — stake your token, get a tradeable receipt that keeps earning rewards.
100% on Ethereum · also on 0 other chains
Chains
1
Live yield options
1
Best reward rate
0.72%
Live since
2023
Where it runs
Available on 1 chains
Earn here · live yield options
Yields available on Kelp
1 live options — yields range 0.72% to 0.72% per year, with a median of 0.72%.
How it works
Using Kelp in three steps
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1
Stake your token
Send your token to the liquid-staking app. They run validators on your behalf.
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2
Get a receipt token
You receive a tradeable token (e.g. stETH for ETH) that represents your stake plus rewards. It accrues value over time.
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3
Use the receipt in DeFi
The receipt token works across DeFi — lend it, swap it, or hold it. Convert back to the original asset whenever you want.
Read up
About Kelp
Description provided by the protocol team. Always verify directly before depositing funds.
Tokens earning here
Top tokens earning yield through Kelp
Same family
Other Kelp Dao products
These products share the brand but each is distinct code with its own deposits, audits, and risks. Pick the one that matches what you want to do.
Compare similar apps
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Frequently asked
What people ask about Kelp
What is Kelp?
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Kelp is an on-chain app. Liquid staking app — stake your token, get a tradeable receipt that keeps earning rewards.
Is using Kelp safe?
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Kelp has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.
How much can I earn?
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Right now yields on Kelp run 0.7%–0.7% per year, depending on which pool you pick and which chain you use. Rates change with demand.
Which chains does it run on?
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Kelp runs on 1 chains, including Ethereum. Each chain has its own fees and speeds — pick the one you already use.
Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.
See also
Terms used on this page
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Smart Contract
Code on a blockchain that runs automatically when called. DeFi protocols are smart contracts — bugs in the code can lose user funds.
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Audit
An independent security review of a smart contract. More audits and longer track record reduce — but never eliminate — code risk.
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Impermanent Loss
A loss LP providers experience when the two pool tokens diverge in price. The loss only crystallises if you withdraw at that ratio.
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Oracle
An on-chain feed of off-chain data — usually prices. Lending and CDP protocols rely on oracles to liquidate positions correctly.
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TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.