Kernel DAO x Dewhales Partnership
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On Jan 19, 2024, we announced a strategic partnership formed with Kelp DAO, a platform designed to unlock liquidity, DeFi and higher rewards for restaking assets via its rsETH token. With continuous development and innovation, it didn’t take long for Kelp to expand its products and market share in DeFi, mainly the LST and LRT sectors. Following these exciting changes, Kelp took a major step forward, rebranding to Kernel DAO in late 2024.
Kernel DAO's evolution from Kelp to Kernel represents a strategic move, expected to change the face of DeFi. Initially, Kelp focused on liquid restaking on the Ethereum network and achieved remarkable results, such as reaching over $850 million in TVL, integrating with over 120 DeFi platforms, and attracting more than 300,000 unique addresses.
Building on this success, the team introduced Kernel, a restaking platform launching on the BNB Chain. Kernel is intended to become the BNB Chain's premier restaking infrastructure, supporting native assets like BNB and BTC derivatives. The platform's mainnet launch in December 2024 was a turning point, with $10m in restaked assets in just one hour and $85m in TVL in just a few weeks.
Last but not least is Gain, a vault product providing users with novel opportunities to maximize their earning potential. This is done through tokenized strategies, including the Airdrop Gain vault and the High Growth vault.
These vaults are smart contracts that automate airdrop/reward farming across multiple high-quality opportunities and strategies. Gain vaults are non-custodial, allowing users to withdraw at any time while providing complete transparency regarding the deployment of their assets.
These three products are connected through the $KERNEL token. By uniting these products, Kernel’s team is building a seamless ecosystem that scales across multiple blockchains while addressing various user needs. Core utilities of the token are as listed below:
Governance: $KERNEL holders can actively participate in decision-making processes for all three major products.
Restaking: Users can restake $KERNEL to provide shared economic security for the Kernel ecosystem, middleware, and dApps.
Rewards: Token holders can earn staking rewards from partner protocols and middleware.
That said, we have further committed 2,863.87 ETH and 2 BTC in liquidity on their recent partnerships with Movement Network and TAC to further foster the development of Kernel DAO’s ecosystem and products. The project's future steps include more integrations and restaking options, multi-chain expansion, and growing its DeFi market share by entering additional sectors, such as RWA.
Kernel DAO's North Star is to capture multi-billion-dollar opportunities in restaking, tokenized yields, and decentralized infrastructure, positioning itself as a leader in the rapidly evolving DeFi ecosystem.
Kernel DAO links
Website | Docs |Twitter | Telegram | Discord
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