Kernel Secures Binance Labs Funding to Transform Restaking on BNB Chain
Kernel Secures Binance Labs Funding
Bengaluru, India, 25th November 2024, Chainwire. Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain. This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering decentralized applications (dApps), middleware, and the entire cryptocurrency ecosystem.
Funding Round Highlights
- 10M total funds raised across multiple rounds with the backing of notable investors including SCB Limited, Laser Digital, and Bankless Ventures.
Innovating Beyond Ethereum
While restaking has reshaped Ethereum, Kernel is breaking new ground by bringing this innovation to BNB Chain, unlocking decentralized, scalable trust.
Achievements to Date
- $1 Bn+ Total Value Locked (TVL) with Kelp & Gain on Ethereum.
- 10+ Layer-2 Integrations to enhance scalability.
- 120+ DeFi Integrations, fueling rapid growth.
- 300K+ Unique Addresses indicating trust and adoption.
Kernel's Visionary Ecosystem
Kernel is driving the future of DeFi with three flagship products: Kernel, Kelp, and Gain, together unlocking $100B+ opportunities.
Introducing $KERNEL Token
The $KERNEL Token aims to unify governance and incentives across Kelp, Kernel, and Gain, rewarding early supporters and fostering ecosystem growth.
Building a Secure Future
Kernel integrates native and liquid staking tokens across BNB, BTC, and other yield-bearing assets. This approach enhances utility and capital efficiency while creating a shared economic security ecosystem.
Kernel plans to expand operations across additional L1s and innovations that lower barriers for protocols, thereby fostering a developer-friendly environment. The entrepreneurial spirit flourishes as Kernel works to shape the future of restaking and DeFi applications.
“Kernel exemplifies the type of innovative project aligned with Binance Labs’ mission to advance Web3,” remarked Alex Odagiu from Binance Labs.
Join Kernel's Journey
Users can follow Kernel's progress on Twitter and Discord. Kernel is committed to creating shared security and accelerating growth across the ecosystem.
About Kernel
Kernel is leading the restaking revolution on the BNB Chain, designed to facilitate shared security and drive innovation in DeFi.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.