Binance Labssupports Kernel, a restaking infrastructure on BNB Chain, with funding. This milestone advances turning BNB’s economic security into programmable trust, empowering dApps and the crypto ecosystem. Kernel raised $10m, with investors including SCB Limited, Laser Digital, and Bankless Ventures.
Kernel is excited to continue its journey and push the boundaries of restaking. Kernel’s Milestones include $1bn+ Total Value Locked (TVL), 10+ Layer-2 Integrations, 120+ DeFi Integrations, and 300K+ Unique Addresses. Kernel’s Visionary Ecosystem powers the future of DeFi through three flagship products: Kernel, Kelp, and Gain.
Kernel first launches on BNB Chain using BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security. Over 20 decentralized applications (dApps), including decentralized AI coprocessor, Mira, and ZK proof aggregation protocol, Electron, are going to leverage Kernel’s economic security. Kernel plans to expand to additional L1s, providing robust economic security and a foundation for innovative applications.
Kernel integrates native and liquid staking tokens across BNB, BTC, and other yield-bearing assets to improve their utility and capital efficiency. Binance Labs’ Investment Director, Alex Odagiu, said Kernel exemplifies the type of innovative project that aligns with Binance Labs’ mission to bring more users onto Web3 by supporting meaningful technology and advancing the ecosystem.
Kernel Co-Founder, Amitej G., said they are thrilled to have the support of Binance Labs to bring the vision of restaking to life across Web3. Kernel isn’t just building infrastructure; it’s working towards reshaping trust.
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