KelpDAO Completes rsETH Recovery Plan with Final Token Transfer

🔐 Recovery Complete

By KelpDAO
May 28, 2026, 3:44 PM
twitter

KelpDAO has completed the operational phase of its rsETH recovery plan by transferring the final tranche of 20,373.​72 rsETH to the rsETH OFT adapter.​

Key Details:

  • The final transfer marks the conclusion of the recovery operation
  • Transaction confirmed on Ethereum mainnet: View on Etherscan
  • This follows the initial tranche transfer on May 14, which reopened rsETH bridging between mainnet and Layer 2 networks

The completion of this plan restores full functionality to the rsETH token infrastructure across supported networks.​

Sources
Read more about KelpDAO

Kelp and Mantle Discuss DeFi Growth in Upcoming Twitter Space

Kelp and Mantle Discuss DeFi Growth in Upcoming Twitter Space

**Kelp and Mantle are hosting a Twitter Space on March 5 at 1 PM UTC** to discuss the recent growth in Mantle's DeFi ecosystem. The conversation will cover: - Factors driving DeFi expansion on Mantle - Kelp's rsETH integration and its role in the ecosystem - Future developments and plans This follows a previous AMA in September 2024 where Mantle discussed its Layer 2 positioning. [Join the Space](https://x.com/i/spaces/1MJgNgbZQNkGL?s=20)

KUSD Rewards Backed by Real Payment Settlement Activity, Not Market Speculation

KUSD Rewards Backed by Real Payment Settlement Activity, Not Market Speculation

**KUSD rewards are generated from actual payment and settlement activity**, marking a departure from typical crypto reward mechanisms that rely on token emissions or market speculation. **Key differentiator:** - Rewards stem from real-world transaction settlement - Activity continues regardless of market conditions - Payments process consistently in both bull and bear markets **Why this matters:** The reward structure demonstrates resilience across market cycles since payment settlement occurs daily, independent of crypto market volatility. This creates a more sustainable reward model tied to genuine economic activity rather than speculative trading. The approach suggests a shift toward utility-driven tokenomics in the liquid restaking space.

wrsETH Supply Cap Doubles on Aave Avalanche Market

**wrsETH supply caps increased to 10k tokens** on Aave v3's Avalanche market after the initial 5k cap filled rapidly. The liquid restaking token launched on Avalanche just last week and quickly reached maximum capacity, prompting this expansion. - Previous cap: 5k wrsETH - **New cap: 10k wrsETH** - Available for deposit now This follows a pattern of high demand for liquid staking derivatives across DeFi protocols, with similar cap increases needed on other networks. [Deposit wrsETH on Aave Avalanche](https://app.aave.com/reserve-overview/?underlyingAsset=0x7bfd4ca2a6cf3a3fddd645d10b323031afe47ff0&marketName=proto_avalanche_v3)

Equilibria Voting Market Opens with 9,372 KERNEL Tokens Available

**Equilibria's weekly voting market is now active** with 9,372 $KERNEL tokens available as rewards. Users can vote for three specific pools to earn their share: - rsETH pool - agETH pool - hgETH pool This represents an **increase from previous weeks** - up from 8,460 tokens last week and 8,220 tokens in mid-November. [Vote now on Equilibria](https://equilibria.fi/vote) to participate in the reward distribution.

DeFiStaking