From Investing.com
November 25, 2024 12:00:36 pm:

Kernel has secured funding from Binance Labs, becoming a core restaking infrastructure on BNB Chain. They raised a total of 10M across rounds with support from various investors. Kernel aims to revolutionize restaking on BNB Chain and beyond, unlocking decentralized trust and scalability in the crypto ecosystem.

With over $1B Total Value Locked (TVL) and 300K+ unique addresses, Kernel has made significant milestones in restaking. They offer three flagship products – Kernel, Kelp, and Gain – unlocking opportunities in Restaking, DeFi, CeDeFi, and Real-World Assets.

$KERNEL token will unify governance and incentives across Kernel’s products, rewarding supporters and driving ecosystem growth. Kernel plans to expand to incorporate BTC and other assets as restaked economic security, supporting DeFi innovation on BNB Chain.

Kernel integrates staking tokens across different assets to improve utility and capital efficiency. They aim to create a shared economic security ecosystem, enabling developers to bootstrap projects more efficiently and offering users new opportunities to maximize asset utility.

Binance Labs supports Kernel’s innovative approach to restaking, driving greater utility and scalability for BNB-based assets. Kernel is committed to building a secure, scalable, and utility-rich restaking and DeFi ecosystem on BNB Chain and beyond.

Kernel is reshaping trust through innovative infrastructure and is actively working towards unlocking new dimensions of utility and resilience for BNB-based assets. Follow their journey on Twitter, Telegram, and Discord to stay updated on their progress in the crypto ecosystem.

Read more at Investing.com: Kernel Secures Binance Labs Funding to Redefine Restaking on BNB Chain By Chainwire