BNB Chain and KernelDAO have introduced initiatives aimed at advancing decentralized finance and restaking technology.
Launch of BNB Chain's TVL Incentive Program
On January 15th, 2025, BNB Chain announced the launch of its TVL Incentive Program #5, offering up to 5% of incremental staked BNB as delegation support to the top five protocols, with a total pool of up to 50,000 BNB. The program aims to incentivize projects entering BNB staking and protocols with innovative approaches within the ecosystem.
KernelDAO's New Ecosystem Fund
KernelDAO has established a $40 million Ecosystem Fund to accelerate the development of restaking and shared security technologies. This fund supports projects on the BNB Chain and includes 5% of its total token supply as grants for developers and partners, backed by major investors such as Laser Digital and SCB Limited.
About BNB Chain and KernelDAO
BNB Chain is a blockchain ecosystem driven towards promoting Web3 adoption, comprising BNB Smart Chain, opBNB, and BNB Greenfield. KernelDAO, endorsed by numerous investors, including Binance Labs and Hypersphere Ventures, focuses on developing restake infrastructure and creating a foundation for decentralized financial applications.
The initiatives by BNB Chain and KernelDAO strengthen the DeFi ecosystem and support innovation in blockchain technology, aiding in the expansion and deepening of an interconnected network of protocols.
