Major cryptocurrency exchange Binance today announced the listing of KernelDAO (KERNEL) on Binance Megadrop, integrating one of DeFi’s fastest-growing restaking ecosystems into its platform. Spanning BNB Chain, Ethereum, and Bitcoin, KernelDAO secured over $2 billion in Total Value Locked (TVL) across three flagship products.
As a restaking infrastructure on BNB Chain, Kernel amassed more than $660 million in TVL within three months and achieved a 40% monthly growth rate. On Ethereum, Kelp ranks as the second-largest Liquid Restaking Token (LRT), with deposits exceeding 600,000 ETH.
Meanwhile, Gain, a vault-based rewards platform, has reached $120 million in TVL, driven by its accessible and innovative approach to staking rewards. All three platforms are powered by KERNEL, creating a unified restaking ecosystem.
Commenting on the development, Amit, Founder and CEO of Kernel DAO, said:
“KERNEL Megadrop on Binance represents a pivotal moment for the restaking ecosystem. Our rapid growth to $2 billion in assets deposited demonstrates the market demand for secure, efficient restaking infrastructure across multiple chains.”
After the token generation event (TGE) slated for April 2025, an initial supply of 162,317,496 KERNEL (16.23%) will hit the markets. The token has a maximum supply of 1 billion.
Drawing heavy attention from the community during the airdrop campaign, KernelDAO has already distributed 10% of tokens to over 100,000 wallets in Season 1, while Season 2 continues with a 5% allocation. Binance will distribute 40 million KERNEL (4% of the total supply) via the Megadrop program.
A detailed research report on KernelDAO’s technology, team, and roadmap will be released by Binance within 24 hours, followed by listing details in a separate announcement within one week.
About KernelDAO
KernelDAO is a top restaking protocol, with over $2 billion total value locked and live on 10+ chains, including Ethereum, BNB Chain, Arbitrum, Optimism, and expanding further. KernelDAO’s three key products include Kernel – the restaking infrastructure on the BNB Chain, Kelp LRT – a leading liquid restaking protocol on Ethereum, and Gain — a tokenised rewards program designed for users to maximize their earning potential by accessing the highest rewards and top airdrops conveniently. By empowering stakers, developers, and protocols, KernelDAO is committed to driving the next wave of Restaking innovation, creating opportunities for all to participate in emerging technologies and be the backbone of decentralized economic security.
Note: Participation in the Binance Megadrop is subject to geographic restrictions. Please refer to Binance’s terms and conditions for full details.
Source: https://thenewscrypto.com/kernel-arrives-in-binance-megadrop/