1. What is KernelDAO?
KernelDAO is a decentralized autonomous organization focused on community governance and yield farming. It offers tools like staking and vaults to maximize your crypto returns, all accessible through Binance Square
2. How to Stake on KernelDAO
Staking means locking your KernelDAO tokens (KERNEL) to earn rewards and participate in governance.
Steps to Stake:
1. Connect your Wallet
Visit the Binance Square platform and connect your supported wallet (MetaMask, Trust Wallet, Binance Chain Wallet, etc.).
2. Navigate to the KernelDAO Staking Section
Find the “Staking” tab on the
KernelDAO page.
3. Choose the Token to Stake
Select KERNEL or any other supported token available for staking.
4. Approve Token Spend
If staking for the first time, approve the token spend by confirming the transaction in your wallet.
5. Enter Amount and Stake
Input the amount you want to stake and click “Stake.”
6. Confirm Transaction
Confirm the staking transaction in your wallet. Once confirmed, your tokens are locked and start earning rewards.
Tips:
You can unstake anytime but check for any lock-up periods or penalties.
3. How to Use Kelp
Kelp is KernelDAO’s in-built trading and yield management tool on Binance Square. It helps you swap tokens, provide liquidity, and optimize your staking rewards.
Using Kelp for Swapping:
1. Go to the Kelp Interface on Binance Square (found under KernelDAO tools).
2. Select Tokens to Swap
Choose the token you want to swap from and the token you want to receive.
3. Check Rates and Confirm
Review the swap rate, fees, and estimated slippage.
4. Approve Token Spend (if needed)
5. Execute Swap and confirm in your wallet.
Using Kelp for Providing Liquidity:
1. Navigate to Liquidity Pool Section
2. Select Token Pair to add liquidity (e.g., KERNEL/BNB).
3. Input Amounts for both tokens.
4. Approve and Supply Liquidity
5. Earn LP tokens which you can stake for additional rewards.
4. Understanding Gain Vaults
Gain Vaults are smart contracts that automate yield farming strategies. You deposit tokens, and the vault compounds rewards for you, maximizing returns with minimal effort.
How Gain Vaults Work:
Deposit: You deposit tokens (like KERNEL or LP tokens) into a vault.
Compound: The vault automatically harvests rewards and reinvests them.
Withdraw: You can withdraw your tokens plus earned rewards anytime.
Using Gain Vaults:
1. Choose a Vault from the “Gain Vaults” section on Binance Square.
2. Review APY and Fees — check current yield and any performance or withdrawal fees.
3. Approve Token Spend if staking for the first time.
4. Deposit Tokens into the vault.
5. Track you
r earnings on the dashboard.
