Summary
Add support for the KelpDAO rsETH market to Venus Protocol on Ethereum Mainnet
Rationale
rsETH is a Liquid Restaked Token (LRT) issued by Kelp DAO designed to offer liquidity to illiquid assets deposited into restaking platforms, such as EigenLayer. It aims to address the risks and challenges posed by the current offering of restaking
Kelp has more than 300k ETH worth of assets restaked by over 25k users. DeFi integrations across Balancer, Uniswap, Curve, Pendle, and Maverick with $50Mn+ in liquidity Presence on 9 L2s including Arbitrum, Optimism, Blast, Scroll, and Mode LRTs are a great use case for Venus as it is one of the fastest-growing ecosystems.
With rsETH being one of the top LRTs, integrating it as a collateral asset will create new demand on Venus which will be beneficial for both protocols.
Additional details in forum post below.