Restaking protocol Kernel secures investment from Binance Labs, bringing total funding to $10 million
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Restaking protocol Kernel secures investment from Binance Labs, bringing total funding to $10 million
Kernel, a restaking protocol built on BNB Chain, has announced an investment from Binance Labs, further solidifying Kernel's position as a core staking infrastructure for BNB Chain.
Navigating Web3 tides with focused insightsAuthor: Kernel
On November 25, 2024, Kernel, a restaking protocol built on BNB Chain, announced an investment from Binance Labs, further solidifying its position as a core staking infrastructure for BNB Chain.
At the same time, Kernel aims to help BNB Chain build a decentralized and scalable trust foundation, empowering dApps, middleware, and the broader crypto ecosystem. Support from Binance Labs will accelerate BNB Chain’s transformation of economic security into programmable trust.
To date, Kernel has raised a total of $10 million in funding, with backers including SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs.
Kernel is excited to continue advancing in the restaking space alongside these supporters, jointly exploring the innovative frontiers of restaking’s future development.
Beyond Ethereum
Restaking reshaped Ethereum this cycle, and Kernel aims to bring this innovative mechanism to BNB Chain, helping establish a decentralized, scalable trust foundation and unlocking new waves of ecosystem innovation. With Binance Labs’ support, Kernel is leading a staking revolution on BNB Chain and across the wider crypto landscape.
Key Milestones
Since launch, Kernel has achieved notable success across multiple fronts:
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Over $1 billion TVL on Ethereum via Kelp & Gain
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Integration with 10+ Layer 2 networks for enhanced scalability
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Integration with 120+ DeFi projects driving rapid growth
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Over 300,000 unique addresses, demonstrating strong community trust and adoption
Kernel Ecosystem
As one of three flagship products, Kernel forms part of a broad DeFi vision together with Kelp and Gain:
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Kernel: Cross-chain restaking solution on BNB Chain, mainnet launch upcoming
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Kelp: Liquidity restaking solution on Ethereum, with high adoption of rsETH
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Gain: Tokenized yield for DeFi, CeDeFi, and real-world assets (RWA)
Together, these three solutions aim to unlock tens of billions of dollars in opportunities for restaking, DeFi, CeDeFi, and RWA, fueling the next phase of DeFi ecosystem growth.
$KERNEL Token Launch Imminent
As the native ecosystem token, $KERNEL will play key governance and incentive roles across the three flagship products—Kelp, Kernel, and Gain—rewarding early supporters and driving ecosystem development.
Join Kernel
Kernel is not just building infrastructure—it's redefining trust. Whether you're a user, developer, or investor, you're invited to join Kernel and become a participant and contributor at the forefront of Restaking and DeFi.
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Kernel DAO
