KernelDAO is a decentralized autonomous organization (DAO) that's revolutionizing the world of decentralized finance (DeFi) with its innovative restaking ecosystem.
It's overall Project
KernelDAO empowers users to optimize their yields by reusing staked assets across multiple blockchain networks and protocols. The project has gained significant traction, with its ecosystem surpassing $2 billion in value and boasting over 570,000 ETH (that is around $1.6 billion) in restaked assets through Kelp's rsETH. KernelDAO secures restaking for over 25 protocols worth $420 million, establishing itself as the 19th largest DeFi protocol by total value locked (TVL)
KernelDAO's Core Products
Kernel: The cornerstone of the KernelDAO ecosystem, Kernel is the leading restaking infrastructure on the BNB Chain, with over $660 million in Total Value Locked (TVL). It has achieved remarkable growth, with a 40% month over month increase.
Kelp: Kelp is another key product in the KernelDAO ecosystem, offering restaking solutions through its rsETH product.
Gain: Gain is part of the KernelDAO ecosystem, although specific details about its functionality are limited
Let's talk about the Kernel Token
The KERNEL token has officially launched on various platforms, including Binance, Bitvavo, Gate, HTX, KuCoin, Kraken, LBank, and MEXC. Users can participate in the KERNEL Megadrop and claim airdrops. The tokenomics include a $40 million Ecosystem Fund to foster projects within the Kernel ecosystem, focusing on AI, ZK Solutions, infrastructure, and oracles
KernelDAO Recent Developments
KernelDAO launched a $40 million Ecosystem Fund to drive growth and innovation within its ecosystem.
KernelDAO has partnered with prominent investors, including Laser Digital, SCB Limited, Hypersphere Ventures, Cypher Capital, ArkStream, and Levitate Labs
KernelDAO and BNB Chain are driving BNB restaking with up to 50,000 BNB delegation support
