This is a decentralized multi-chain restaking protocol launched in April 2025. It provides solutions for enhancing the efficiency of staking assets like Ethereum (ETH), Bitcoin (BTC), and Binance Coin (BNB), allowing users to earn additional yield without losing liquidity.
🔧 Key products of KernelDAO
The KernelDAO ecosystem consists of three key components:
1. Kernel: A platform for providing shared economic security, allowing users to restake assets like BNB and BTC and earn rewards.
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2. Kelp: A liquid restaking protocol on Ethereum that allows users to stake ETH and receive rsETH tokens, which can be used in various DeFi protocols.
3. Gain: Automated yield generation strategies providing users access to various yield strategies, including farming airdrops and high-yield pools.
💰 KERNEL token
The KERNEL token serves multiple functions in the ecosystem:
• Governance participation: Token holders can vote on proposals for protocol development.
• Security provision: KERNEL tokens can be used to provide economic security for applications built on the Kernel platform. #Binance $KERNEL
• Loss insurance: KERNEL staking can be used to provide insurance against losses related to events of asset value decline.
📊 Current market data (as of April 30, 2025)
• Price: ~$0.175 USD
• Market capitalization: ~$28.4 million USD
• Circulating supply: ~162 million KERNEL
• Max supply: 1 billion KERNEL
• 24-hour trading volume: ~$33.7 million USD