Cypher Capital invests $10 million in Kernel for improved cross-chain capabilities in DeFi.

From Investing.com

November 27, 2024 10:00 AM:

Cypher Capital invests $10 million into Kernel, a restaking protocol on BNB Chain, to enhance cross-chain capabilities within DeFi. Kernel’s platform supports trust and security for blockchain networks, attracting investors like Binance Labs and more. With $1 billion TVL and 300,000 unique addresses, Kernel introduces a native token for governance and growth. Cypher Capital focuses on Web3 infrastructure investments guided by ESG principles. Kernel pioneers restaking on BNB Chain to boost ecosystem innovation and growth, empowering developers and users to maximize rewards efficiently.

Read more at Investing.com: Cypher Capital Invests in Kernel’s Restaking Infrastructure By Chainwire