By Nermeen Nabil Khear 
Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain.
This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering DApps (decentralized applications), middleware and the entire crypto ecosystem.
Kernel raised $10 million total funds across rounds, with the belief and backing of various investors, including SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA and DWF Labs.
Kernel is excited to continue building this journey and pushing the boundaries of what restaking can achieve.
Building beyond Ethereum
While restaking has reshaped Ethereum, Kernel is breaking new ground by bringing this innovation to BNB Chain, unlocking decentralized, scalable trust.
Backed by Binance Labs, Kernel is leading the restaking journey on BNB Chain and beyond.
Kernel’s milestones
Since launching, Kernel achieved the following.
- Over $1 billion TVL (total value locked) with Kelp and Gain on Ethereum
- Over 10 layer-two integrations for better scalability
- Over 120 DeFi Integrations, fueling rapid growth
- Over 300,000 unique addresses, showing trust and adoption
Kernel’s visionary ecosystem
Kernel is part of a broader vision, powering the future of DeFi through three flagship products.
- Kernel Cross-chain restaking powerhouse on BNB Chain, launching mainnet soon
- Kelp Liquid restaking on Ethereum with rsETH adoption skyrocketing
- Gain Tokenized yields across DeFi, CeDeFi and RWAs (real-world assets)
Together, these solutions unlock over $100 billion in opportunities across restaking, DeFi, CeDeFi and RWAs.
Introducing KERNEL token
KERNEL aims to unify governance and incentives across Kelp, Kernel and Gain, rewarding early supporters and driving ecosystem growth.
Kernel will first launch on BNB Chain using BNB LSTs (liquid staking tokens) and restaked BNB as economic security to support DeFi innovation on BNB Chain.
Plans for expansion include incorporating BTC and its derivatives as restaked economic security.
Over 20 DApps including decentralized AI coprocessor, Mira, and ZK (zero-knowledge) proof aggregation protocol, Electron are going to leverage Kernel’s economic security.
Several LSTs and LRTs (liquid restaked tokens), including ListaDAO, Solv and YieldNest, are working with Kernel to bring more utility to restaked assets.
Over time, Kernel plans to expand to additional layer-ones, providing robust economic security and a foundation for the growth of innovative applications on Kernel.
Kernel integrates native and liquid staking tokens across BNB, BTC and other yield bearing assets to improve 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.
These innovations reduce barriers for protocols and foster a developer-friendly environment, driving the growth of innovative restaking and DeFi applications.
Kernel aims to provide a secure and scalable foundation for developers to build and grow their projects efficiently.
Alex Odagiu, investment director at Binance Labs, said,
“Kernel exemplifies the type of innovative project that aligns with Binance Labs’ mission to bring more users onto Web 3.0 by supporting meaningful technology and advancing the ecosystem.
“By leveraging restaking solutions, Kernel is driving greater utility and scalability for BNB-based assets while laying the groundwork for a more resilient and developer-friendly restaking and DeFi landscape.”
Amitej Gajjala, co-founder of Kernel, said,
“We are thrilled to have the support of Binance Labs to bring the vision of restaking to life across Web 3.0.
“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.
“We’re not just growing the restaking space, we’re unlocking new dimensions of utility and resilience for BNB-based assets.
This is just the beginning, and we’re thrilled to continue pushing the envelope on restaking on BNB Chain and beyond.”
Joining the journey
Kernel isn’t just building infrastructure it’s working towards reshaping trust.
Users can follow their journey at the links below.
@KelpDAO (X) | @KernelDAO (X) | Telegram | Discord
About Kernel
Kernel is pioneering restaking on the BNB Chain, designed to provide decentralized shared security and accelerate innovation and growth across the ecosystem.
Founded by experts in DeFi and restaking who scaled products to over $1.3 billion TVL, Kernel’s ecosystem of projects is already over 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.
Contact
Amitej Gajjala, co-founder of Kernel
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The post Kernel Secures Binance Labs Funding To Redefine Restaking on BNB Chain appeared first on The Daily Hodl.
November 25, 2024 – Bengaluru, India Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain. This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering DApps (decentralized applications), middleware and the entire crypto ecosystem. Kernel raised $10 million total funds
The post Kernel Secures Binance Labs Funding To Redefine Restaking on BNB Chain appeared first on The Daily Hodl. Press Releases, sponsored
This articles is written by : Nermeen Nabil Khear Abdelmalak
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