We’ve watched and studied the evolution of human and all things round it. I’ve watched Defi stay static and rigid until @KernelDAO came into light. It started with Ethereum but now it covers a wide range of services you would never have imagined.
KernelDAO sets the pace for restaking, shared security and means to additional reward generation. Today, they offer three core products that have shaped the DeFi space into a better present, and future even.
Kernel, Kelp, Gain.
These are the core products in the kernelDAO space I’ll be making a broad review covering this, tokenomics, business model, vision and roadmap.
Kernel: This service offers Shared security product on BNB Chain leveraging BNB, BTC and other rewards bearing assets, with USD ~300 Mn TVL within a few weeks and 25+ ecosystem projects, and 100’s of middleware leveraging restaking.
Kelp LRT (rsETH): This is a top Liquid Restaking on Ethereum offering instant liquidity and higher rewards opportunities on restaked assets. Having the second largest LRT on Ethereum with USD ~$2 Bn in TVL, a really impressive figure, we can all agree. There are 400,000+ unique restakers and integration with 50+ DeFi platforms, including major Layer 2 solutions.
Gain: I love this feature. I like to call it the vault where my rewards are stored and maximized across DeFi, CeDeFi and real-world assets (RWAs). Officially, it is a non-custodial automated Yield Vaults on Ethereum offering one-click rewards maximising solutions to users. Allow it has USD 200 Mn+ TVL across within a few weeks of launch.
All these are the basic and important things about KernelDAO that one has to know before diving in.
Next up, I’ll be analyzing the Tokenomics, headed by $KERNEL ; the power token holding all the Kernel products and unifying them all. $KERNEL has its total supply capped at 1 Billion tokens and a user-centric token distribution model with the majority of the token supply (55%) allocated to users and the broader community. It’s impressive how more than half of the token supply is assigned to the community. Speaks very well of the project and community.
As a token. $KERNEL offers some very interesting Token utilities which I’ll say encourages everyone, both experts and newbies to love the project even more.
From shared security for applications building in Kernel, Insurance against slashing to governance power, the possibilities of what could be achieved with the token is unending, and I love it!
In my study and use of Kernel, I understood the restaking flow, the magic and process behind it all, Its a really simple, yet highly rewarding process.
Upon unstaking, one might be affected by slashing conditions depending on whether or not you’d participated in malicious activities. Some would calk this a disadvantage, but I don’t . There’s gotta be punishment for everything including restaking malpractices.
Trusting a platform or project with your assets for long term could be hard, but I cha assure you, Kernel is secured. I have tried it and I can confess it. Kernel's protocol has been thoroughly audited by leading industry experts to ensure the highest security standards in blockchain infrastructure. You can check the official websites to read more about the audits.
The future ahead of Kernel is certain, KernelDAO ecosystem is designed to capture multiple market opportunities, expand Liquid restaking for Ethereum and other major assets, Restaking infrastructure across L1s like BNB Chain, and beyond, Tokenized DeFi, CeDeFi, RWAs, bridging the gap between DeFi, CeFi and traditional finance.
It’s Q3 and we’re anticipating Operator Mainnet launch, Middleware Testnet launch for Kernel, amongst all others.
This is coming from me and all my team members who have used Kernel and explored the ecosystem, Kernel DAO is worth investing time and money in.
Kudos to the team!
