Intro
Kelp turns Ethereum into a liquid, yield‑bearing token on the Tezos blockchain, letting you earn staking rewards while using rsETH in DeFi. By wrapping ETH through Kelp you receive rsETH that you can supply, lend, or swap without waiting for a lock‑up period. The platform bridges Ethereum’s security with Tezos’ low‑cost smart contracts, giving users a simple way to access dual‑chain yield.
Key Takeaways
- Kelp converts ETH to rsETH on Tezos, unlocking staking yield and DeFi composability.
- Yield is calculated from Tezos proof‑of‑stake rewards plus Kelp incentive rebates.
- Users retain full control of assets; no third‑party custody is required.
- Smart‑contract risk and price volatility of rsETH are the primary concerns.