USD1 Becomes a Re-Stakeable Asset for the First Time

In a groundbreaking move, KernelDAO has partnered with World Liberty Financial (WLFI) to integrate USD1 as a re-stakeable asset on its platform. Through this feature, USD1 holders can now provide economic security for third-party decentralized applications and earn Kernel points in return.

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Backed by U.S. Treasuries, USD1 is designed for transparency and reliability, making it ideal for such utility. WLFI emphasized that this is the first time USD1 will be used to secure external decentralized apps—a major leap for stablecoin functionality.

KERNEL Token Jumps 22% After Announcement

Following the announcement, KernelDAO’s KERNEL token surged from $0.18 to $0.22, a 22% increase in value. The price rally signals market excitement and confidence in the project’s direction.

In parallel, Korean exchange Upbit confirmed it would list KERNEL in both BTC and USDT trading pairs, adding significant liquidity and exposure for KernelDAO.

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The post KernelDAO and USD1 Partnership Signals a New Era for Stakeable Stablecoins! appeared first on Coin Engineer.

KernelDAO operates through three main products:

• Kernel – Shared security product on BNB Chain

• Kelp LRT (rsETH) – Liquid restaking token for Ethereum

• Gain – Automated reward vaults on Ethereum

These products cater to both DeFi and Real-World Assets (RWAs), offering a wide range of utility.

KernelDAO Team

Co-Founders:

• Amitej Gajjala – Co-Founder

• Dheeraj Borra – Co-Founder

Management & Technical Team:

• Rahul Pramod Jaguste – Director of Engineering

• Soufia Trabelsi – Head of DeFi

• Indrajit Ghosh – Head of Partnerships & Group Marketing Head

Investors and Partnerships

KernelDAO has quickly established a strong network of investors and partners. Key contributors include Binance Labs, Laser Digital (Nomura), SCB Limited (SCB Ventures), Cypher Capital, Hypersphere Ventures, Bankless Ventures, GSR, HTX Ventures, DWF, and ArkStream Capital.

Other ecosystem collaborations include over 50 DeFi platforms such as Aave, Compound, Balancer, and Morpho.

• Total TVL: ~$300M for Kernel, ~$2B for Kelp LRT

Project Concept and How It Works

KernelDAO aims to:

• Allow users to earn additional rewards from their staked assets

• Provide efficient security for operators and validator networks

• Bridge DeFi and CeFi, creating new financial products

1. Kernel: Provides shared security on BNB Chain with enhanced reward opportunities and capital efficiency.
2. Kelp LRT (rsETH): Offers instant liquidity, risk management, and higher rewards for staked Ethereum.
3. Gain Vaults: Non-custodial vaults that optimize rewards across DeFi, CeDeFi, and RWAs.

Governance

The native token $KERNEL serves as the governance and economic security tool across the ecosystem.

• Governance: Users vote on platform fees, slashing conditions, and operator selections.

• LRT & Gain: Participate in AVS selection, rebalances, operator proposals, and protocol fee management.

Roadmap

KernelDAO Ecosystem:

• Q2 2025 – Operator Testnet launch

• Q3 2025 – Operator Mainnet & Middleware Testnet

• Q4 2025 – Middleware Mainnet launch & slashing introduction

Kelp LRT:

• Integration of rsETH on Ethereum L2s

• Capacity expansion on lending and DeFi platforms

Gain Vaults:

• Expansion to BTC and stablecoin assets

• RWAs and CeDeFi vaults

• Multi-asset class expansion

KernelDAO Token Information

• Token: $KERNEL

• Total Supply: 1 Billion

• Max Supply: 1 Billion

• Circulating Supply: 282.36 Million

Use Cases

• Stake for restaking security

• Slashing insurance for rewards

• Governance voting

• Protocol participation in LRT & Gain products

Token Distribution

• Community & Users: 55%

• Team & Project: 15%

• Investors & Partners: 20%

• Reserve & Ecosystem Funds: 10%

Exchanges & Listings

KernelDAO ($KERNEL) has been listed on Upbit. Additional listings on other centralized and decentralized exchanges are planned, including Binance, Huobi, OKX, Gate.io, and Uniswap, improving liquidity and accessibility for users.

Ecosystem & Features

• Kernel: Shared security, multi-node validation

• Kelp LRT (rsETH): Liquid restaking token, high rewards, instant liquidity

• Gain Vaults: Non-custodial, professionally managed reward strategies, DeFi & RWA compatible

KernelDAO introduces a new paradigm in PoS restaking and liquid staking, providing capital efficiency and risk management benefits for both investors and DeFi users.

Official Links

• Website
• Twitter
• Telegram

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The post What is KernelDAO (KERNEL)? appeared first on Coin Engineer.

KernelDAO (KERNEL) Megadrop Details

• Token Name: KernelDAO (KERNEL)
• Max Supply: 1,000,000,000 KERNEL
• Total Supply: 1,000,000,000 KERNEL
• Megadrop Rewards: 40,000,000 KERNEL (4% of total supply)
• Initial Circulating Supply: 162,317,496 KERNEL (16.23% of total supply)

Binance also announced that an additional 40 million KERNEL tokens will be allocated to other marketing campaigns six months after the spot listing. More details will be shared later.

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What is Binance Megadrop?

Binance Megadrop is a new token distribution mechanism that allows users to gain early access to new projects through BNB locking and Web3 quests. This event enables users to earn rewards before the token is listed on Binance.

How to Participate?

1. Log into your Binance account.
2. Subscribe to BNB Locked Products or complete Web3 quests to accumulate scores.
3. Create a Binance Wallet (required).
4. Go to the Megadrop page and complete the designated quests.
5. Earn KERNEL airdrop rewards based on your total score!

Click here to register for a 20% commission discount on Binance Exchange!

Megadrop Scoring System

• BNB Locking Score: This changes based on the amount of BNB locked and the duration of the lock. Longer locks earn more points.
• Web3 Quest Bonuses and Multiplier: Users can earn additional bonus points by completing specific Web3 quests.

Total Score = (BNB Locking Score * Web3 Multiplier) + Web3 Quest Bonus

Note: If users do not complete all Web3 quests, the multiplier will be set to 1.

Rewards and Participation Conditions

• Megadrop rewards will be directly airdropped to Binance Spot Wallets.
• Only Binance Wallets can participate in Web3 quests. External wallets are not supported.
• BNB Locked Products subscriptions will also earn Launchpool and HODLer Airdrop rewards.
• Users from the USA, UK, Canada, Japan, and some other countries cannot participate.

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