As 2024 draws to a close, we at Kernel DAO reflect on a transformative year filled with milestones, growth, and unparalleled support from our community. This year marked a pivotal moment in our journey to reinvent restaking. Let’s recap the highlights that defined Kernel’s achievements in 2024.

Paving the Way with Testnet Success

Our journey began with the successful conclusion of the Kernel Testnet. Thanks to our enthusiastic and engaged community, we tested, iterated, and prepared for what was to come. This foundational phase proved our vision for decentralized shared economic security on the BNB Chain.

Strategic Backing by Binance Labs

Next, we achieved a monumental milestone - securing funding from Binance Labs. This partnership underscored Kernel’s role as the core restaking infrastructure on the BNB Chain. We raised a total of $10M across rounds. We are supported by esteemed investors like SCB Limited, Laser Digital, and Draper Dragon, who positioned us to unlock $100B+ in opportunities spanning restaking, DeFi, CeDeFi, and RWAs.
Our track record continued to impress:

• $2B+ TVL across Kelp & Gain on Ethereum

• 10+ Layer-2 integrations

• 120+ DeFi partnerships

• 300K+ unique addresses onboarded

Read more: Kernel Secures Binance Labs Funding to Redefine Restaking on BNB Chain

The Mainnet Launch

The Kernel Mainnet launch marked a new chapter in our story. Building on our testnet success, we introduced:

• Restaking Options: BNB, BNBx, slisBNB, SolvBTC, BTCB, and more

• Kernel Points (KP): Daily rewards for securing the network

Within just an hour of going live, we achieved an astounding 10M+ restaked, with an overwhelming support from our community. The caps for phase 1 filled up rapidly, reflecting the trust and enthusiasm for Kernel’s vision.

Exclusive Early Adopter Rewards: A 25% KP bonus for participants during the launch phase (Dec 11, 2024 – Jan 9, 2025). Make deposits during this 30-day period to earn an additional 25% Kernel Points bonus, maximizing your rewards while helping secure the ecosystem.

Dive into details: Kernel Mainnet Starter Kit: Everything You Need to Know

Tokenomics & Airdrops: Giving Back to Our Community

In alignment with our mission to prioritize the community, we unveiled the $KERNEL tokenomics plan:

• 55% allocated to the community, including 20% for airdrops and 35% for future rewards

• Airdrop Seasons: The first season allocates 10% of the total supply to users who earned Kelp Miles or Kernel Points across our products by Dec 31, 2024.

• Loyalty Boosts: Early restakers on Kelp or Kernel enjoy a 15% bonus in Season 2 by restaking before Jan 15, 2025.

With the $KERNEL TGE slated for early Q1 2025, we are excited to unlock new avenues for community engagement and growth.

Find details here: $KERNEL | Powering the next era of Restaking

Record-Breaking TVL

Kernel reached an incredible $85M in TVL within weeks of the mainnet launch. This achievement highlighted the robustness of our platform and the unwavering support of our ecosystem. Campaigns like RTOB and Kelp Carnival played a vital role in incentivizing and rewarding early users.

Firing on all cylinders

Kelp LRT surpasses $2B TVL, securing rsETH’s rank as the second-largest Liquid Restaking Token on Ethereum.

Kernel solidifies its place with $50M+ TVL and fuels the growth of 25+ ecosystem projects.

Gain thrives with $200M+ TVL, showcasing unmatched DeFi composability and tokenized reward strategies.

Impactful Partnerships

Kernel x Mira Network: Trust in AI

Kernel partnered with Mira Network to ensure accuracy in AI-generated content. Mira’s decentralized system verifies AI outputs through claims checked by multiple models, rewarding honest node operators.

This collaboration bridges blockchain and AI to build trust and reliability in AI-driven systems.

Kernel x Electron: Scalable & Secure Blockchain

Kernel collaborates with Electron Foundation to enhance scalability and security through BNB restaking and the DVN.

Learn more: Restaking vs. Traditional Staking: The Next Big Leap in Decentralized Security

A Bright Horizon

2024 was a year of innovation, community building, and impactful partnerships. As we look ahead, our focus remains on:

• Expanding integrations and restaking options

• Strengthening decentralized economic security

We owe our success to you - our vibrant and dedicated community. Together, we’ve laid the groundwork for a future where restaking redefines economic security on the BNB Chain and beyond.

Here’s to 2025, a year of even greater possibilities. Let’s keep building, restaking, and thriving. Thank you for being an integral part of the Kernel journey.