Key information of this article:
Kernel receives investment from Binance Labs, with a financing lineup that includes several well-known venture capital firms in the blockchain field.
"Kernel" token will become the governance and incentive token for its three flagship products: Kelp, Kernel, and Gain.
KelpDAO launches a new product "High Growth Vault" with an estimated yield of 20% APY.
Previously, I mentioned in a series of articles introducing Karak that you can hold rsETH from KelpDAO and stake it in Karak, achieving the effect of participating in airdrops of two unlaunched projects simultaneously.
After a long period of cultivation, this announcement of receiving investment from Binance Labs, along with the revelation of Kernel token information, seems to hint that KelpDAO's airdrop is getting closer?
Kernel receives investment from Binance Labs.
Kernel focuses on re-staking infrastructure on the BNB Chain, supported by investment from Binance Labs, making future developments promising. In addition, the financing lineup includes several well-known blockchain institutions: Bankless, CYPHER, ArkStream, GSR, Longhash, DWF, etc.
Image sourced from Kernel announcement. Kernel token.
Kernel first announces information regarding the issuance of tokens, clearly stating that Kernel token will be the unified governance and incentive token for the three products: Kelp, Kernel, and Gain. If you haven't accumulated KelpDAO's airdrop points (miles) yet, don't forget to leave a message at the top below to participate in KelpDAO through my link (which can earn you an additional 10% yield).
Image sourced from Kernel announcement. New product High Growth Vault launched on KelpDAO.
Users can stake ETH, rsETH, ETHx, and stETH into the vault to receive liquidity tokens hgETH.
The target yield for this product is 20% APY, with a strategy to deploy funds into multiple blue-chip protocols: Aave, Pendle, Morpho, Usual, Elixir to earn returns.
Fees include: 1% platform fee + 20% profit fee.
hgETH, as a liquidity token, will later be deployable in protocols like Pendle and Balancer.
Image sourced from KelpDAO announcement.
Summary
I believe KelpDAO's airdrop journey is about to come to an end, having received investment from Binance's investment department, while also announcing token information. I think we can look forward to the arrival of the airdrop day; perhaps Kernel may even be listed for mining on Binance?
A closer look at the investment lineup reveals a comprehensive composition, with investors from exchanges, blockchain media, market makers, mining pools, and venture capital, further strengthening KelpDAO's capabilities and token potential.
Lastly, the new product, I believe, is similar to the concept of fund management. If users cannot manage multiple protocols for strategic operations simultaneously or want to save time and costs to participate in Ethereum-based protocols, they can consider trying out the High Growth Vault.
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※ The above content does not constitute investment advice. Users are advised to operate based on their own risk tolerance, and participate in the investment market with caution. DYOR.
※ The attached image is sourced from Kernel and KelpDAO announcements.