Kernel Coin ($KERNEL), the native token of KernelDAO, offers several compelling benefits within its multi-chain restaking ecosystem. Primarily, it serves as a governance token, empowering holders to participate in crucial decisions regarding the protocol's future, including fee structures and the selection of validators.
Beyond governance, $KERNEL acts as an incentive mechanism, rewarding users for staking, providing liquidity, and actively participating in the ecosystem. These rewards can come from partner protocols and middleware services, potentially enhancing users' earnings. Furthermore, a portion of staked $KERNEL may provide insurance against slashing events on restaked assets, offering an added layer of security and the possibility of earning protocol rewards in return. Its utility extends across KernelDAO's products, fostering a cohesive and rewarding experience for its users across different blockchain networks.
