Hello family. Do you ever think about putting your cryptocurrencies to work aside from just storing them? Today, I want to explore KernelDAO, an innovative restaking protocol, and I will guide you through an essential part of it: Staking $KERNEL tokens for Shared Security.
KernelDAO is developing a comprehensive ecosystem that enables pools of staked assets to secure several projects, thus earning additional yield. When using $KERNEL tokens, you are securing multiple decentralized applications (dApps) and participating in earning yield.
Without further ado, let's get to it.
What You'll Need: A Decentralized Wallet: Make sure it is connected to the BNB Chain.
$KERNEL Tokens: Buy them from Binance or MEXC on the KERNEL/USDT pair. After, transfer them to your Decentralized wallet on the BNB Chain.
BNB for transaction fees: A small BNB balance is required to pay for transaction fees on the BNB Chain.
Step-by-step guide: Staking $KERNEL.
Step 1: Get Your $KERNEL Tokens Ready
To secure $KERNEL tokens, your wallets have to contain them first. Next, ensure to have Wallet configured for the BNB Chain. If you do not have $KERNEL, you can purchase them on Binance or other listed exchanges.
Ensure your wallet is connected to BNB Chain and you have $KERNEL tokens
Step 2: Go to the KernelDAO Staking Portal
Open your web browser and go to the KernelDAO staking portal. As always, double-check the link to avoid phishing sites!
Official Website: https://kerneldao.com/stake/
Head to https://kerneldao.com/stake, and then click “Stake” to go to the staking portal.
Step 3: Connect Your Wallet
On the staking portal, there’s a “Connect Wallet” button. Go ahead and click that, then choose Any Wallet. Approve the connection request that appears in your Wallet pop-up.
Click “Connect Wallet” and approve the connection with Wallet.
Step 4: Select a Staking Option
Normally, KernelDAO has several staking options. For Shared Security, look for a button labeled “Stake $KERNEL” or something to that effect. Make sure to check the terms, especially any lock-up or vesting periods (some pools have a 30-day vesting period).
Select "Stake $KERNEL" for shared security. Do not forget to check the staking terms!
Step 5: Specify Amount to Stake
Type in the amount of $KERNEL you want to stake. If you're new to restaking, it may be a good idea to start small while you get the hang of things.
Step 6: Approving and Confirm Transaction
You need to "Approve" spending $KERNEL in your Wallet before you can stake. This is to let the KernelDAO smart contract interact to the tokens you have. After approving, click "Stake" and confirm the stakingtransaction in your wallets. A small BNB fee will apply.
Congratulations you have successfully staked your $KERNEL token