Binance has announced the launch of KernelDAO, a new restaking protocol that will be part of its Megadrop platform, aimed at expanding the decentralized finance ecosystem.
Overview of KernelDAO and Megadrop
KernelDAO (KERNEL) is a new staking protocol supporting the projects Kernel, Kelp, and Gain. The Megadrop for KERNEL is scheduled for April 9, 2025.
Participation Conditions for Megadrop
Participants will be able to lock their BNB tokens in Binance Locked Products from April 9 to April 13, 2025. During this period, hourly snapshots will be taken to determine Locked BNB Scores affecting reward allocations. Users can also complete Web3 quests by staking a minimum of 0.01 BNB or asBNB on KernelDAO via Binance Wallet. Rewards will be distributed on April 14, 2025, and trading of KERNEL will start on the same day.
Additional Events and Opportunities on Binance
Recently, Binance Wallet announced its eighth Exclusive Token Generation Event (TGE) featuring StakeStone. The event will take place on April 3, 2025, allowing users to subscribe and claim a portion of 10 million STO tokens aimed at addressing fragmented liquidity in DeFi.
The launch of KernelDAO and Megadrop highlights Binance's aim to develop the decentralized finance ecosystem by offering users new opportunities for staking and token participation.
