KernelDAO launches KERNEL token to boost the staking ecosystem development of BNB Chain.

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1 day ago

KernelDAO Launches KERNEL Token to Boost BNB Chain's Re-staking Ecosystem Development

Supported by Binance Labs, the re-staking ecosystem protocol KernelDAO announced that the KERNEL token will officially launch on April 14. Currently, the total locked value (TVL) of KernelDAO's three core products—Kernel, Kelp, and Gain—has exceeded $2 billion, continuously expanding the security layer of BNB Chain and enhancing the utility of KERNEL in multi-chain networks. Several mainstream exchanges, including Binance, Bitvavo, Gate, HTX, KuCoin, Kraken, LBank, and MEXC, have confirmed they will list KERNEL, with more exchanges expected to join in the future.

The Security Cornerstone of BNB Chain, Accelerating the Development of Re-staking

As one of the largest security layers on BNB Chain, Kernel's locked value has surpassed $600 million, supporting over 20 decentralized validation networks. These validation networks utilize KernelDAO's re-staking infrastructure to enhance on-chain security and scalability. Currently, more than 45 new projects are planning to integrate, showcasing the rapid expansion momentum of re-staking and reflecting KernelDAO's commitment to building long-term solutions for the DeFi community.

Additionally, the KERNEL token attracted over 1.7 million participants in the Binance Megadrop, setting a record for the highest participation in the event's history.

Building the Cornerstone of the BNB Re-staking Economic System

By unifying all re-staking innovations under one token, KernelDAO has officially established its position as a decentralized economic security pillar for BNB Chain. Notably, Kelp has become the second-largest liquidity re-staking token in the Ethereum ecosystem, while Gain has achieved cross-chain interoperability for tokenized vaults. The launch of the KERNEL token marks the beginning of a new era for on-chain security and composability.

KERNEL Token: Multifaceted Utility Beyond Governance

KERNEL is deeply integrated into the entire KernelDAO ecosystem, with several core uses:

  • Shared Security: Users can stake KERNEL to provide economic security for applications within the Kernel ecosystem;

  • Penalty Insurance Mechanism: Staked KERNEL can be used as insurance against penalty events and earn protocol reward shares;

  • Governance Voting Rights: KERNEL holders can participate in governance decisions for Kernel, Kelp, and Gain, including protocol upgrades, fee structures, and network expansion;

  • Liquidity Mining: Users can provide liquidity on AMM to earn additional rewards.

Currently, several protocol partners recognize the value proposition of KERNEL. Mira (AI co-processor) and YieldNest (liquidity re-staking platform) have committed to allocating 1% to 2% of their total token supply to KERNEL holders, setting a precedent for future integrated projects. Furthermore, among over 25 ecological projects collaborating with KernelDAO, more projects are expected to adopt similar token distribution methods in the future.

Strategic Support and $40 Million Ecological Fund

In 2024, KernelDAO secured $10 million in funding led by Binance Labs, Laser Digital, SCB Limited, and Hypersphere Ventures. Building on this, KernelDAO also launched a $40 million strategic ecological fund supported by Laser Digital, SCB Limited, Hypersphere Ventures, and Cypher Capital, aimed at supporting over 45 projects integrating Kernel's re-staking solutions. This funding will further expand KERNEL's ecological influence and accelerate the broader development of the DeFi ecosystem on BNB Chain.

Token Economic Model and Distribution Ratio

KernelDAO's token economic model is community-centric, with the team planning to allocate 55% of the token supply to community users, including:

  • 10% for the first quarter airdrop;

  • 5% for both the second and third quarters;

  • The remaining 35% for community token incentives;

Additionally, the team tokens will adopt a 30-month linear unlocking mechanism, with no sellable team shares at the launch to ensure consistency in the incentive mechanism and promote sustainable growth of the ecosystem. This distribution mechanism also reflects KernelDAO's long-term commitment to decentralized governance.

About KernelDAO

KernelDAO is a re-staking protocol with a total TVL exceeding $2 billion, deployed across more than 10 public chains, including Ethereum, BNB Chain, Arbitrum, and Optimism, and continues to expand. Its three core products are:

  • Kernel: Re-staking infrastructure on BNB Chain;

  • Kelp LRT: Liquidity re-staking protocol on Ethereum;

  • Gain: A tokenized reward platform that maximizes user returns and facilitates access to quality rewards and airdrops.

By empowering stakers, developers, and protocol parties, KernelDAO aims to lead the next wave of re-staking innovation, allowing everyone to participate in the development of cutting-edge technology and become the cornerstone of decentralized economic security.

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