Binance Labs' Investment in Kernel: Boosting Security and Expanding dApps on BNB Chain

user avatar

by Giorgi Kostiuk

2 years ago

Binance Labs has announced an investment in Kernel, a restaking infrastructure platform, with the goal of enhancing security, scalability, and utility for the BNB Chain.

What Is Kernel?

Kernel is a restaking infrastructure platform aimed at maximizing the security and utility of staked assets. By utilizing BNB Liquid Staking Tokens and restaked BNB as economic security, Kernel supports key areas such as enhanced security, improved utility, and developer enablement. Kernel impacts over 20 decentralized applications.

Kernel exemplifies the innovative project that aligns with Binance Labs' mission to bring more users onto Web3. By leveraging restaking solutions, Kernel is driving greater utility and scalability for BNB-based assets.Alex Odagiu, Investment Director at Binance Labs

Kernel's Ecosystem

Kernel's approach to restaking revolves around three flagship products: Kernel, a cross-chain restaking platform; Kelp, a liquid restaking solution on Ethereum; and Gain, tokenized yield products. These solutions collectively aim to unlock a $100 billion opportunity across restaking, DeFi, CeDeFi, and RWAs.

Kernel's Achievements

Since its inception, Kernel has achieved the following milestones: over $1 billion in Total Value Locked (TVL), over 10 Layer-2 integrations, over 120 DeFi integrations, and more than 300,000 unique wallet addresses.

Kernel plans to expand its restaking model to additional Layer 1 blockchains, including Bitcoin derivatives and other yield-bearing assets, aiming for a global shared security model.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.