$KERNEL TGE is set to happen on 14th April.
Many people are asking me for TGE price predictions, so I have made a tweet regarding that.
First of all, #$KERNEL is the biggest liquid staking protocol on BNB Chain.
To understand its valuation, let's compare it with a few of Solana's liquid staking protocols.
Jito
TVL: $2.31 Billion
FDV: $1.76 Billion
TVL: $105 Million
FDV: $1.78 Billion
@kernel_dao TVL is at $1.5B, which is almost 15x of Solayer and similar to Jito.
Both Solayer and Jito also got Binance listing, so we can compare them with KERNEL.
At launch, Jito had $500M in TVL and launched at $3B FDV.
Solayer had $300M in TVL and launched at $1.5B TVL
Given Kernel has $1.5B in TVL, it'll launch at least 2x the valuation of Solayer, given market conditions is not very ideal.
This'll give KERNEL FDV of $3B at launch and a token price of $3.
Reminder: This is my base case scenario and according to market conditions, things could change
