Big news just dropped from Kelp DAO on X, and it's got the DeFi community buzzing. Their liquid restaking token, rsETH, has officially maxed out the supply cap on Aave V3's Arbitrum market. We're talking about crossing $183.9 million in total value locked (TVL) and hitting that 60,000 ETH ceiling. If you're into restaking or looking for ways to amp up your yields in the blockchain space, this is worth paying attention to.
For those new to the scene, rsETH is Kelp DAO's take on liquid restaking. Basically, it lets you restake your ETH (putting it to work securing other networks while earning rewards) without locking it up completely. You get a token back that you can use elsewhere in DeFi, like lending or trading. Aave V3 is one of the top lending protocols out there, and its Arbitrum deployment makes things faster and cheaper thanks to layer-2 scaling.
Hitting the supply cap means demand is through the roof. Users are flocking to deposit rsETH on Aave to earn interest or use it as collateral. And Kelp is sweetening the deal with incentives: you're getting 2x Kernel Points (from their parent project, Kernel DAO) and 1x programmatic EIGEN rewards (tied to EigenLayer's restaking ecosystem). That's extra perks on top of whatever Aave offers.
Kelp DAO teased that fresh supply caps are coming soon, so if you've been waiting to jump in, keep an eye out. This could open up more room for deposits and keep the momentum going.
In the broader meme token world, moves like this in DeFi infrastructure are key. Better liquidity and yields from restaking mean more capital flowing into fun, viral projects. Whether you're stacking ETH for long-term gains or leveraging it to chase the next big meme, tools like rsETH make it easier to stay liquid and maximize returns.
Check out the full announcement on X or head straight to the Aave reserve overview to see the stats yourself. Stay tuned for updates – the restaking game is heating up!