👀👀Hot Development! Binance Labs Announces New Cryptocurrency Project It Invested In! 👀👀

Binance Labs, the venture capital and incubation arm of Binance, has invested in Kernel DAO.

Binance Labs aims to develop new stock solutions on the BNB Chain with its investment in Kernel. Kernel will provide a basic restaking infrastructure on the BNB$BNB

Chain, making BNB's security a programmable and reliable system for different crypto applications, services and software.

Kernel aims to increase the benefits and capital efficiency of native and liquid staking tokens between BNB, Bitcoin (BTC) and other income-generating assets by integrating them.

Alex Odagiu, Binance Labs Investment Director, made the following statement on the subject: “Kernel represents one of the innovative projects that align with Binance Labs’ vision to support meaningful technologies and develop the ecosystem. Kernel provides more utility and scalability for BNB-based assets by using retaking solutions. It also lays the foundation for a more resilient and developer-friendly retaking and DeFi environment.”

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