Kernel DAO is a protocol developing infrastructure for the restaking sector. The project recently completed its first funding round with participation from major investors like Binance Labs, DWF Labs, and GSR. What makes this project unique? Let’s dive in!
What is Kernel DAO?
Kernel DAO (KERNEL) is a protocol designed to enhance the security and utility of staked assets on BNB Chain and Ethereum. It maximizes user rewards, reduces initialization costs, and strengthens decentralized security for applications and middleware.
The project offers Liquid Restaking services for ETH and other assets via a multichain infrastructure, enabling developers and users to participate in diverse staking opportunities.
Key Products of Kernel DAO:
- Kernel: A Restaking protocol on BNB Chain.
- Kelp DAO: A Liquid Restaking protocol on Ethereum (TVL: $1.6B).
- Gain: A yield-optimization and airdrop-point platform for Layer 2 protocols (TVL: $186.3M).
👉 Explore Kernel DAO’s ecosystem
How Kernel DAO Works
Kernel DAO’s architecture revolves around four core pillars:
- Restaking Reinvented:
Utilizes Liquid Restaking to allow crypto holders to reuse staked assets or LSTs, providing enhanced security for Dynamic Validation Networks (DVNs). - Empowered Operators:
A network of Operators runs specialized software for DVNs. - Dynamic Delegation:
Stakers can delegate assets to Operators or become Operators themselves. - Dynamic Validation Network (DVN):
Services built on Kernel DAO leverage shared security from BNB Chain.
Kernel DAO Ecosystem
Over 10 projects across AI, Oracles, and Liquid Restaking are already developing on Kernel DAO’s infrastructure.
KERNEL Token Overview
| Token Name | Kernel DAO |
|---|---|
| Ticker | KERNEL |
| Blockchain | BNB Chain (BEP-20) |
| Contract | Updating... |
| Total Supply | Updating... |
Token Utilities:
- Governance voting.
- Rewards for early users.
Supported Wallets:
MetaMask, Rabby Wallet, Trust Wallet.
Roadmap
Q4 2024
Phase 1: Core Infrastructure
- Restaking contract deployment.
- Public Testnet launch.
Phase 2: Mainnet Preparation
- Smart contract integration.
Q1 2025
Phase 3: Protocol Launch
- Middleware integration.
Phase 4: Ecosystem Growth
- Governance mechanisms.
👉 Stay updated on Kernel DAO’s progress
Investors
Kernel DAO raised $10M in November 2024 from Binance Labs, HTX Ventures, DWF Labs, and others.
Conclusion
Kernel DAO is a pioneering Restaking infrastructure project with three flagship products. While its token launch remains unannounced, its strategic funding and ecosystem growth position it as a key player in decentralized security.
Disclaimer: This article is not investment advice. Always conduct independent research.
FAQs
Q: What is Liquid Restaking?
A: Liquid Restaking lets users reuse staked assets to earn additional rewards while maintaining liquidity.
Q: How does Kernel DAO enhance security?
A: Through Dynamic Validation Networks (DVNs) and decentralized Operator networks.
Q: Where can I stake with Kernel DAO?
A: Currently on BNB Chain and Ethereum via Kelp DAO and Gain.
Q: Is KERNEL token live?
A: Not yet. Follow official channels for updates.