Binance Labs has announced its investment in Kernel, a restaking infrastructure designed to enhance security and utility on the BNB Chain. 

Kernel aims to use restaking to transform BNB’s security into programmable trust, supporting a range of crypto services, applications, and middleware.

Kernel Will First Launch On the BNB Chain

The initial rollout will focus on integrating BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security to drive innovation in DeFi on the BNB Chain. 

Also, Kernel plans to expand by incorporating Bitcoin and its derivatives into its restaking framework. Over 20 decentralized applications (dApps), will utilize Kernel’s economic security. This will include AI co-processor Mira and ZK proof aggregation protocol Electron

Meanwhile, collaborations with projects like ListaDAO, Solv, and YieldNest will further enhance the utility of restaked assets. Kernel’s long-term vision includes scaling its infrastructure to additional layer-1 blockchains.

Kernel’s approach integrates native and liquid staking tokens from BNB, BTC, and other yield-bearing assets. This will likely optimize the asset’s utility and improve capital efficiency.

“Kernel exemplifies the type of innovative project that aligns with Binance Labs’ mission to bring more users onto Web3 by supporting meaningful technology and advancing the ecosystem,” Alex Odagiu, Investment Director at Binance Labs

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Author: Mohammad Shahid