We're thrilled to announce the launch of our $40 million Ecosystem fund, marking a significant milestone in our mission to revolutionize restaking on the BNB Chain. As a leading restaking protocol with $2 billion in assets, we're doubling down on our commitment to drive innovation and growth in the ecosystem.

Empowering the Next Wave of Innovation

"The launch of the Ecosystem Fund is a significant step towards increasing our efforts to build the restaking and DeFi landscape on the BNB Chain. By empowering developers to build projects on Kernel, we aim to boost innovation across middleware, applications leveraging restaking," says our CEO and Co-Founder, Amitej Gajjala.

Strong Support from Industry Leaders

We're proud to have secured backing from some of the most prominent names in the industry:

• Cypher Capital

• Laser Digital

• SCB Limited

• Hypersphere Ventures

• ArkStream

• Levitate Labs

"We believe that Kernel DAO's innovative approach to restaking and shared security has the potential to redefine the BNB Chain ecosystem. At Cypher Capital, we are committed to empowering groundbreaking projects like Kernel DAO by providing the resources and network they need to scale and succeed," says Bill Qian, Chairman of Cypher Capital, one of the largest Web3 venture capital firms in the Middle East.

Expanding Our Ecosystem

To further support our growth, we're allocating 5% of our token supply as ecosystem development grants for developers and partners building within our ecosystem. We're already working with over 20 prominent Dynamic Validation Networks (DVN's), including leading AI players like Mira and Aizel network, and Zero-Knowledge proof networks like Electron. Our goal is to expand our ecosystem by adding over 45 strategic partners through the Ecosystem Fund.

We're proud to collaborate with leading Liquid Restaking Tokens (LRTs) and Liquid Staking Tokens (LSTs) including Astherus, ListaDAO, Yieldnest and Bedrock.

Our platform also supports various BNB and BTC derivatives, including wBNB, asBNB, slisBnB, clisBNB, uniBTC, SolvBTC, and BNBx, enabling our users to earn additional rewards.

Our Recent Achievements

Our growth trajectory reflects the strength of our protocol and community. Kernel achieved $50 million total value locked (TVL) in a week after its mainnet launch on December 10, 2024, and is currently at about $100 million TVL. Kelp, one of KernelDAO’s key products, is a liquid restaking protocol with over $2 billion in TVL, a leading LRT, rsETH, on EigenLayer for Ethereum. KernelDAO secured $10 million in funding led by prominent funds including Laser Digital, SCB Limited, Hypersphere Ventures, among others, in 2024. 

Join Us in Shaping the Future

As we continue to expand across 10+ chains including Ethereum, BNB Chain, Arbitrum, and Optimism, our commitment to innovation remains unwavering. Through our three key products – Kernel, Kelp LRT, and Gain – we're building the backbone of decentralized economic security.

Together, let's drive the next wave of restaking innovation and create opportunities for everyone to participate in emerging technologies.

Visit kerneldao.com to learn more about our ecosystem and join our mission.