[PRESS RELEASE – Bengaluru, India, November 25th, 2024]

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 dApps, middleware, and the entire crypto ecosystem.

Kernel raised 10M total funds across rounds, with the belief and backing of various investors, including:

SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, DWF Labs.

Kernel is excited to continue building this journey and pushing the boundaries of what restaking can achieve.

Building Beyond Ethereum

While restaking has reshaped Ethereum, Kernel is breaking new ground by bringing this innovation to BNB Chain, unlocking decentralized, scalable trust. Backed by Binance Labs, Kernel is leading the restaking journey on BNB Chain and beyond.

Kernel’s Milestones

Since launching, Kernel achieved:

• $1 Bn+ Total Value Locked (TVL) with Kelp & Gain on Ethereum
• 10+ Layer-2 Integrations for better scalability
• 120+ DeFi Integrations, fueling rapid growth
• 300K+ Unique Addresses, showing trust and adoption

Kernel’s Visionary Ecosystem

Kernel is part of a broader vision, powering the future of DeFi through three flagship products:

1. Kernel: Cross-chain restaking powerhouse on BNB Chain, launching mainnet soon
2. Kelp: Liquid restaking on Ethereum with rsETH adoption skyrocketing
3. Gain: Tokenized yields across DeFi, CeDeFi and Real-World Assets (RWAs)

Together, these solutions unlock $100B+ opportunities in across Restaking, DeFi, CeDeFi and RWAs.

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Author: Chainwire