GM everyone! Today we’ll be shining the spotlight on $KERNEL token. The governance token in the @KernelDAO ecosystem, which plays an integral and unifying role in the ecosystem.
$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, which points how much KernelDAO sets the community at high standard.
20% is allocated to the team, 20% to private sale, and 5% to community fund.
The following are several utilities offered by KERNEL tokens across the Kernel and Kelp ecosystem products.
- [ ] Kernel shared security: All Staked $KERNEL tokens can provide insurance against any rsETH slashing events and earn a share of protocol rewards in return
Staked tokens to provide insurance against any slashing events on Kernel platform and earn a share of protocol rewards in return
- [ ] Governance:
Kernel platform: Participate in all governance decisions related to Kernel platform, fees, slashing conditions etc.
LRT & Gain: Users can Participate in protocol governance by voting on AVS selections & rebalances, operator related proposals, platform fees and more.
KernelDAO envisions restaking as a transformative force in Proof-of-Stake (PoS) ecosystems, you don’t want to miss out. Join us @KernelDAO today!