The restaking protocol Kernel built on BNB Chain announced that it has received investment from Binance Labs, further consolidating Kernel's important position as the core staking infrastructure of BNB Chain.
Author: Kernel
On November 25, 2024, the restaking protocol Kernel built on BNB Chain announced that it has received investment from Binance Labs, further consolidating Kernel's important position as the core staking infrastructure of BNB Chain.
At the same time, Kernel aims to help BNB Chain build a decentralized and scalable trust foundation, empowering dApps, middleware, and the entire crypto ecosystem. Support from Binance Labs will also promote BNB Chain to make a significant leap in transforming its economic security into programmable trust.
Currently, Kernel has raised a total of $10 million in funding, with supporters including SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, DWF Labs.
Kernel is pleased to continue working hand in hand with a number of supporters in the restaking space, constantly exploring the innovative boundaries of the future development of restaking.
Surpassing Ethereum
This round of restaking has reshaped Ethereum, and Kernel aims to introduce this innovative mechanism of restaking into BNB Chain to help establish a decentralized and scalable trust foundation, driving ecological innovation. With the support of Binance Labs, Kernel is leading the staking revolution in BNB Chain and the broader crypto space.
Important Milestones
Since its launch, Kernel has achieved remarkable accomplishments in various aspects:
Through Kelp & Gain, TVL on Ethereum exceeds $1 billion
Integrated with 10+ Layer2 solutions for better scalability
Integrated with 120+ DeFi projects to drive rapid growth
Has over 300,000 unique addresses, fully demonstrating the community's trust and adoption of the project
Kernel Ecosystem
As one of the three flagship products, Kernel, along with Kelp and Gain, forms the grand vision for DeFi development of the project:
Kernel: A cross-chain restaking solution on BNB Chain, with the mainnet launch imminent
Kelp: A liquidity restaking solution on Ethereum, with rsETH having a very high adoption rate
Gain: Tokenized yields from DeFi, CeDeFi, and real-world assets (RWA)
The three major solutions work together to bring hundreds of billions of dollars in development opportunities for restaking, DeFi, CeDeFi, and RWA, providing inexhaustible power for the future development of the DeFi ecosystem.
$KERNEL tokens will be launched soon
As an ecological token, $KERNEL will play a governance and incentive role in the three flagship products of Kelp, Kernel, and Gain, rewarding early supporters of the project and promoting ecosystem development.
Welcome to join Kernel
Kernel aims not only to build infrastructure but also to reshape trust. Whether you are an ordinary user, developer, or investor, you are welcome to accept Kernel's invitation to become a participant and contributor at the forefront of Restaking and DeFi.
