Bengaluru, India, November 25th, 2024, Chainwire

Kernel, an innovative restaking infrastructure on BNB Chain, has secured funding from Binance Labs and other investors, amounting to a total of 10 million. This investment solidifies Kernel’s role in transforming BNB’s economic security into programmable trust and empowering dApps, middleware, and the entire crypto ecosystem.

The company’s ecosystem of projects includes Kernel, Kelp, and Gain, which together unlock opportunities worth over $100 billion across restaking, DeFi, CeDeFi, and RWAs. Kernel aims to provide a secure and scalable foundation for developers to build and grow their projects efficiently. The company’s flagship products integrate native and liquid staking tokens across BNB, BTC, and other yield-bearing assets, improving their utility and capital efficiency.

By creating a shared economic security ecosystem, Kernel enables developers to bootstrap projects more efficiently while offering users new opportunities to maximize the utility of their assets. “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,” said Alex Odagiu, Investment Director at Binance Labs.

“We are thrilled to have the support of Binance Labs to bring the vision of restaking to life across Web3. Their backing has been instrumental in helping Kernel build the foundation for a more secure, scalable, and utility-rich restaking and DeFi ecosystem on BNB Chain,” said Amitej G., Co-Founder of Kernel.

Kernel is pioneering restaking on the BNB Chain, designed to provide decentralized shared security and accelerate innovation and growth across the ecosystem. The company’s ecosystem of projects is already 25+ and growing rapidly. By lowering entry barriers for protocols and unlocking higher rewards, Kernel empowers developers to build 100x efficiently and users to maximize rewards on assets.

For more information, visit: https://kerneldao.com/

Source

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