The cryptocurrency exchange Binance continues to expand the trading options it offers to its users! Which altcoin is being listed on Futures, and what are the details?
Binance Futures Lists KERNEL!
Binance Futures, in an effort to expand its trading options and enhance the user trading experience, will launch the KERNELUSDT Perpetual Futures Contract with up to 75x leverage on April 14, 2025, at 12:00 UTC.
Details
- USDⓈ-Margined Perpetual Futures Contract: KERNELUSDT
- Launch Time: April 14, 2025, 12:00 (UTC)
- Underlying Asset: KernelDAO (KERNEL)
- Settlement Asset: USDT
- Tick Size: 0.0001
- Maximum Funding Rate: +2.00% / -2.00%
- Funding Fee Settlement Frequency: Every 4 hours
- Maximum Leverage: 75x
- Trading Hours: 24/7
- Multi-Assets Mode: Supported
The initial maximum funding rate for the perpetual futures contract mentioned above has been set at +2.00% / -2.00%. The funding fee settlement frequency will occur every four hours.
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What is KernelDAO?
KernelDAO is a revolutionary protocol that offers liquid and multi-chain restaking services for leading crypto assets such as Ethereum (ETH), Bitcoin (BTC), and Binance Coin (BNB).
It allows users to earn rewards without locking up their assets, while simultaneously enabling those assets to be actively used in DeFi protocols. KernelDAO operates through three core components — Kelp, Kernel, and Gain — each optimizing restaking functionality across different networks.
KernelDAO provides liquidity and passive income by converting users’ staked tokens into liquid derivative tokens (e.g., rsETH, agETH). These tokens enable assets to remain staked while also being used in DeFi for lending, swapping, and yield farming.
In November 2024, KernelDAO received a $10 million investment from Binance Labs. Additionally, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere Ventures, Draper Dragon, Cypher Capital, and other investors have also supported the project.
In January 2025, KernelDAO launched a $40 million ecosystem fund to expand its restaking infrastructure on BNB Chain. These investments strengthen KernelDAO’s leadership on BNB Chain and support the platform’s growth.
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