Major cryptocurrency exchange Binance today announced the listing of KernelDAO (KERNEL) on its Megadrop platform, marking the integration of one of DeFi’s rapidly growing ecosystems.
Introduction to KernelDAO
KernelDAO is a restaking protocol operational across multiple blockchains, including BNB Chain, Ethereum, and Bitcoin. The total value locked in KernelDAO has exceeded $2 billion due to its three flagship products.
Platforms and Achievements
Kernel, the restaking infrastructure on BNB Chain, amassed over $660 million in TVL in three months with a 40% monthly growth rate. On Ethereum, Kelp ranks as the second-largest Liquid Restaking Token (LRT), with deposits exceeding 600,000 ETH. Gain, a vault-based rewards platform, reached $120 million in TVL, driven by its accessible and innovative approach.
Plans and Prospects
Following the token generation event set for April 2025, an initial supply of 162,317,496 KERNEL (16.23%) will hit the markets. KernelDAO has already distributed 10% of tokens to over 100,000 wallets in Season 1, while Season 2 continues with a 5% allocation. Binance will distribute 40 million KERNEL via the Megadrop program. A detailed research report on KernelDAO’s technology, team, and roadmap will be released soon by Binance.
KernelDAO continues to draw attention with its significant achievements and inclusion on Binance. Its protocols enable market participants to maximize their investments and ensure decentralized economic security.
