Folks Finance Lists rsETH from KelpDAO for Crosschain Lending & Borrowing

Folks Finance is excited to announce the support of rsETH, the Ethereum liquid restaking token from KelpDAO on Arbitrum. Users can now deposit rsETH, use it as collateral, and borrow across chains , without relying on bridges.

With rsETH, ethereum stakers can stay liquid while continuing to collect both staking and EigenLayer restaking rewards. On Folks Finance, you can loop your rsETH to boost returns, take advantage of live incentives, and collect Folks Points on every position.

This integration is another step forward in expanding access to high-yield assets within crosschain DeFi.

Put your rsETH to work: xapp.folks.finance

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Folks Finance offers crosschain lending, borrowing, staking, and trading across elite blockchains. By combining traditional finance’s security and optionality with the transparency and decentralization of DeFi, Folks Finance continues to pave the way for a truly global onchain economy.

Keep an eye out for updates on xChain, incentive programs, and more by following Folks on socials: linktr.ee/FolksFinance.