KelpDAO to enable $rsETH withdrawals on May 03, 2024, initially into $ETHx, $stETH and $sfrxETH

Kelp DAO said on April 25, 2024, that withdrawals for its liquid restaking token rsETH would open on May 3, 2024. Users would initially be able to redeem rsETH for one of three liquid staking tokens from the withdrawal pool: ETHx, stETH, and sfrxETH, with native ETH redemptions to follow later. The announcement mattered because rsETH is the core receipt token for Kelp DAO’s restaking product, so enabling withdrawals was a key step in restoring liquidity and user exit options after protocol disruption. The update also signaled that the protocol was moving toward normal operations again, while still controlling the order in which assets could be withdrawn.

✨ AI-generated background, compiled from web sources — not editorial content.

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• rsETH
• stETH
• Kelp DAO
• Ethereum