[GIP-111] Onboarding Kelp DAO rsETH to ETH pool
This proposal offers to onboard rsETH to ETH pool on Mainnet.
About rsETH
Kelp DAO was launched by Stader Labs’s team and now has $700M+ in TVL. KelpDAO is focused on building Liquid Restaking Solutions for public blockchain networks.
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.
Quota
| Asset | Quota increase fee | Min quota rate | Max quota rate | Limit |
|---|---|---|---|---|
| rsETH | 0% | 0.05% | 30% | 3000 WETH |
Technical Multisig can do Quota Limits and Borrowing Limit changes gradually or one-time at its own discretion.
Collateral tokens & LTVs
rsETH will be added as available collateral for WETH Restaking Credit Manager:
| Token | LTV | Comment |
|---|---|---|
| rsETH | 90% |
Adapters
The following is the list of new adapters and pools to be connected to WETH Restaking CM:
- Balancer rsETH/WETH pool
Specification
Transactions log can be found here. Md5 checksum is ba6892411d4ab518208f4d9e36cafd4c.
Note 1! Please note that the parameters in the tx log file are primary in relation to the numbers above. In case of discrepancies, it is assumed that the numbers from the tx log file will be used.
Note 2! Transactions related to USDe will be executed if and only if GIP-110 will get approval.
Voting
Simple Approve/Reject
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xC4CA...43153B | 71.795M | Approve |
 0x76d2...6Cfb0D | 58.954M | Approve |
 0xeEEC...3665a3 | 55.365M | Approve |
 0xb9b7...6CceeA | 43.504M | Approve |
 0xf3D4...49d89E | 34.802M | Approve |
VOTE POWER
Proposal Status
- Wed April 03 2024, 10:27 amVoting Period Starts
- Sat April 06 2024, 10:27 amEnd Voting Period
Current Results
1-Approve
369.126M
2-Reject
30,998.241