April 1, 2025 - Global – Today, Binance announced the listing of KernelDAO (KERNEL) on Binance Megadrop. KERNEL, the unified token powering one of DeFi's fastest-growing restaking ecosystems with over $2 billion in Total Value Locked (TVL) across its three flagship products.
KernelDAO has established itself as one of the largest restaking ecosystems in DeFi (according to DefiLlama)across BNB Chain, Ethereum, and BTC, achieving significant growth across its ecosystem:
- Kernel is the leading restaking infrastructure on BNB Chain, securing $660M+ in TVL in just three months with 40% month-over-month growth
- Kelp has emerged as the second-largest Liquid Restaking Token (LRT) on Ethereum, with over 600,000 ETH deposited
- Gain, a platform for simplified vaults, has organically grown to $120M due to its innovative and user-friendly reward strategies
The three platforms comprise a comprehensive restaking ecosystem under the unified KERNEL token.
"KERNEL Megadrop on Binance represents a pivotal moment for the restaking ecosystem," said Amit, Founder and CEO of KernelDAO. "Our rapid growth to $2 billion in assets deposited demonstrates the market demand for secure, efficient restaking infrastructure across multiple chains."
The token generation event (TGE) is scheduled for April 2025. Binance's support represents a significant milestone for our ecosystem and community, providing valuable momentum as we prepare for a successful TGE in the coming weeks.
The tokenomics include a maximum supply of 1,000,000,000 KERNEL tokens, with an initial circulating supply of 162,317,496 KERNEL (16.23% of total supply) at listing.
KernelDAO has already demonstrated strong community engagement through its airdrop strategy. The Season 1 early checker is now live, having rewarded over 100,000 eligible wallets with 10% of the token allocation, while Season 2 is currently ongoing with a 5% allocation.
Binance will distribute 40,000,000 KERNEL (4% of total supply) through its Megadrop mechanism.
Binance will publish a comprehensive research report detailing KernelDAO's technology, team, and roadmap within 24 hours. Specific listing details will be announced in a separate announcement within approximately one week.
For more information about KernelDAO, visit https://kerneldao.com/.
About KernelDAO
KernelDAO is a top restaking protocol, with over $2 billion total value locked and live on 10+ chains, including Ethereum, BNB Chain, Arbitrum, Optimism, and expanding further. KernelDAO’s three key products include Kernel - the restaking infrastructure on the BNB Chain, Kelp LRT - a leading liquid restaking protocol on Ethereum, and Gain - a tokenised rewards program designed for users to maximize their earning potential by accessing the highest rewards and top airdrops conveniently. By empowering stakers, developers, and protocols, KernelDAO is committed to driving the next wave of Restaking innovation, creating opportunities for all to participate in emerging technologies and be the backbone of decentralized economic security.
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Note: Participation in the Binance Megadrop is subject to geographic restrictions. Please refer to Binance's terms and conditions for full details.