Binance Labs has announced an investment in Kernel, aiming to enhance restaking capabilities on the BNB Chain and create new opportunities for decentralized applications.
What Is Kernel?
Kernel is a restaking infrastructure platform aiming to maximize the security and utility of staked assets. By using BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security, Kernel supports enhanced security, improved utility, and developer enablement.
Kernel’s Ecosystem
Kernel offers several key products: Kernel, a cross-chain restaking platform; Kelp, a liquid restaking solution on Ethereum; Gain, tokenized yield products. Together, they aim to unlock a $100 billion opportunity in restaking and DeFi.
Kernel’s Achievements
Kernel has achieved over $1 billion in Total Value Locked (TVL) and integrated over 10 Layer-2 solutions. The protocol has 120+ DeFi integrations and over 300,000 unique wallet addresses.
Kernel continues to grow its ecosystem, standing on the brink of major integrations and expansions to other Layer 1 blockchains.
