And the saga continues…
KelpDAO switched FROM multi-key TO a 1/1 setup
Read that again
They deliberately downgraded their security
That's not just careless
It shows a fundamental disregard for user funds
Rewards
Kelp DAO Restaked ETH (RSETH)
$ 2,434.47 (RSETH/USD)
1.12%
24H
Kelp DAO Restaked ETH Live Price data
Today's price of Kelp DAO Restaked ETH Is $ 2,434.47 (RSETH/USD). With A Market Cap Of $ 1.53B USD. 24-Hour Trading Volume Of $ 14,882.06 USD, A 24-Hour Price Change Of +1.12%, And A Circulating Supply Of 629.69K RSETH.
Kelp DAO Restaked ETH RSETH Price History USD
Track the price of Kelp DAO Restaked ETH for today, 7 days, 30 days and 90 days
Period
Change
Change (%)
Today
$ 26.97
1.12%
7days
$ 111.88
4.89%
30days
$ 145.40
6.45%
90days
$ 411.04
20.68%
Own RSETH Now
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Kelp DAO Restaked ETH Market Information
$ 2,391.47 24h Range $ 2,465.89
All time high
$ 5,081.10
All time low
$ 1,464.28
24h Change
1.12%
24h Vol
$ 14,882.06
Circulating supply
0.63M
RSETH
Market cap
$ 1.53B
Max supply
--
Fully diluted market cap
$ 1.53B
Trade RSETH
Kelp DAO Restaked ETH X Insight
DBCrypto
Educator
Influencer
B
16.9K @DBCrypt0 Extremely Bearish
KelpDAO has been questioned for downgrading its security configuration from multi-key verification to single-key verification, raising concerns about the safety of user funds.
Bryan Pellegrino (臭企鹅) D
117.9K @PrimordialAA A ton of this is just completely untrue.
1) Kelp originally used the defaults which were MultiDVN or DeadDVN and manually migrated to a 1/1 config later
2) Almost 100% of the volume on a 1/1 config was rsETH
3) Not using a 1/1 for production applications is mentioned many times in the documentation.
The defaults Kelp is referencing in their screenshot were multiDVN or DeadDVN, which force-rejects an application using the defaults at all and requires them to manually set configuration.
rsETH was originally configured to use the default LayerZero configuration of a multiDVN setup of LayerZero Labs + Google:
Here are the exact transactions where that happens
Ethereum → Arbitrum:
https://t.co/C2uCxmpBCX
at 2024-02-06 03:09:47 UTC
Ethereum → Optimism:
https://t.co/vuQWxeyUUA
at 2024-02-06 03:09:59 UTC
KelpDAO then manually changed these to 1/1 configs:
For the original Feb 6 Ethereum routes to Arbitrum/Optimism, KelpDAO’s Ethereum contract switched from defaults to manual OApp-scoped config on 2024-04-0
17
2
1.5K
2026-05-06 00:57
Trend of RSETH after release
Bearish
KelpDAO has been questioned for downgrading its security configuration from multi-key verification to single-key verification, raising concerns about the safety of user funds.
Andy
Founder
Influencer
C
76.3K @andyyy Extremely Bearish
LayerZero technology exposed internal vulnerability, outlook dampened
Bryan responds and says it’s mostly lies.
What a saga man… https://t.co/rUkSx70Q6D
24
3
3.4K
2026-05-05 23:51
Trend of RSETH after release
Bearish
LayerZero technology exposed internal vulnerability, outlook dampened
Dami (the L0 guy)
Security_Expert
OnChain_Analyst
A
2.7K @rookie_of_Ph Extremely Bearish
The tweet accuses KelpDAO of using an unsafe LayerZero 1/1 configuration for rsETH, leading to its exploitation, and refutes Kelp's defense.
this is all you need to know(with receipts)
LayerZero will NEVER advise any protocol to
use 1/1 setup
it’s one of the first things you learn when you do proper dd
Kelp is just trying to save face
if there were so many others, why was $rseth the only oft exploited?
Bryan Pellegrino (臭企鹅) D
117.9K @PrimordialAA A ton of this is just completely untrue.
1) Kelp originally used the defaults which were MultiDVN or DeadDVN and manually migrated to a 1/1 config later
2) Almost 100% of the volume on a 1/1 config was rsETH
3) Not using a 1/1 for production applications is mentioned many times in the documentation.
The defaults Kelp is referencing in their screenshot were multiDVN or DeadDVN, which force-rejects an application using the defaults at all and requires them to manually set configuration.
rsETH was originally configured to use the default LayerZero configuration of a multiDVN setup of LayerZero Labs + Google:
Here are the exact transactions where that happens
Ethereum → Arbitrum:
https://t.co/C2uCxmpBCX
at 2024-02-06 03:09:47 UTC
Ethereum → Optimism:
https://t.co/vuQWxeyUUA
at 2024-02-06 03:09:59 UTC
KelpDAO then manually changed these to 1/1 configs:
For the original Feb 6 Ethereum routes to Arbitrum/Optimism, KelpDAO’s Ethereum contract switched from defaults to manual OApp-scoped config on 2024-04-0
18
9
1.8K
2026-05-05 21:57
Trend of RSETH after release
Bearish
The tweet accuses KelpDAO of using an unsafe LayerZero 1/1 configuration for rsETH, leading to its exploitation, and refutes Kelp's defense.
About Kelp DAO Restaked ETH
Kelp DAO Restaked ETH (RSETH) is a cryptocurrency launched in 2023and operates on the Ethereum platform. Kelp DAO Restaked ETH has a current supply of 629,689.36193109. The last known price of Kelp DAO Restaked ETH is 2,384.67919546 USD and is down -0.89 over the last 24 hours. It is currently trading on 66 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://kelpdao.xyz/.
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