Amit Gajjala and Dheeraj Borra are Core Contributors at Kelp DAO.

In this Quick Hit, we review one token for all ETH LSTs, Kelp's liquid restaking token rsETH! Learn how rsETH accepts stETH, ETHx, and soon other LSTs such as rETH to deposit into EigenLayer while providing users a transferrable liquid utility token. rsETH is the answer for many users who locked up their LSTs in EigenLayer but want to maintain liquidity.

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The Edge Podcast Sponsor Resources

🥩 ETHER.FI | LIQUID STAKING AND RESTAKING ALL-IN-ONE
app.ether.fi/eeth?address=0x2f71129b240080C638ac8d993BFF52169E3551c3

🥑 INSTADAPP | THE NEW AVOCADO WALLET AND MULTISIG
avocado.instadapp.io/

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metamask.io/portfolio/?utm_source=defidad&utm_medium=podcast&utm_campaign=pdapp&utm_content=episode101523

🧑🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS
www.mantle.xyz/

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Timestamps

0:00 - Intro
5:03 - Background on EigenLayer caps
6:38 - What is liquid restaking and rsETH?
10:07 - What's an AVS in EigenLayer?
11:04 - Architecture of rsETH token
14:39 - Positive reception among users
18:08 - What happens when EigenLayer caps fill?
19:28 - Stacking rewards through Kelp's rsETH
22:07 - Future EigenLayer airdrops for liquid restakers?
23:23 - Coming DeFi integrations for rsETH
24:35 - New support for more LSTs with rsETH
25:32 - What's live and risks to know
26:38 - Closing

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🔗 Guest Links 🔗

► Kelp Website: kelpdao.xyz/
► Kelp on Twitter: twitter.com/KelpDAO
► Amit on Twitter: twitter.com/GAmitej
► Dheeraj on Twitter: twitter.com/galacticminter

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🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

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Elon Musk AI project-inspired memecoin ‘Grok’ falls 74% on creator scam claim

The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project.

In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were repurposed from old projects, including an abandoned memecoin project called ANDY, which has significantly declined from its all-time high.

src:cointelegraph.com/news/elon-musk-ai-memecoin-grok-falls-creator-scam-claim