A Quick Guide to KernelDAO ( $KERNEL )
KernelDAO is a multi-chain "restaking" protocol. In simple terms, it lets your already-staked assets (like BNB or ETH) work a second job. You can use them to help secure other apps and protocols, earning you extra layers of rewards without unstaking. It’s all about making your crypto work harder!
The Core Ecosystem:
@KernelDAO it's a suite of powerful tools:
1- Kernel: The shared security hub for the BNB Chain. It allows you to use your assets to secure new projects and earn rewards for it.
2- Kelp: A liquid restaking solution for Ethereum. Stake your ETH, get back a liquid token (rsETH) that you can use across DeFi, all while earning restaking yields.
3- Gain: Automated yield vaults. If you want great returns without the hassle, Gain's smart vaults automatically find and farm the best opportunities for you.
The $KERNEL Token:
The KERNEL token is the key to the ecosystem. It's used for:
- Governance: Vote on the protocol's future.
- Staking: Stake KERNEL to help secure the network and earn a share of the fees.
As always, DYOR, but it’s definitely one to watch! What are your thoughts on the future of restaking? Drop a comment below!