KernelDAO announces a $10M funding round

We’re thrilled to announce Kernel has received funding from Binance Labs, solidifying our role as the core restaking infrastructure on BNB Chain. This milestone marks a giant leap in turning BNB’s economic security into programmable trust, empowering dApps, middleware, and the entire crypto ecosystem.

We’ve raised 10M total funds across rounds and our success wouldn’t be possible without the belief and backing of our incredible investors, including:
SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, DWF Labs.

We’re excited to continue building this journey together and pushing the boundaries of what restaking can achieve.

:hammer_and_wrench: Building Beyond Ethereum

While restaking has reshaped Ethereum, Kernel is breaking new ground by bringing this innovation to BNB Chain, unlocking decentralized, scalable trust. Backed by Binance Labs, we’re leading the charge restaking on BNB Chain and beyond.

:flexed_biceps: Milestones That Matter

Since launching, we’ve achieved:

  • $2 Bn+ Total Value Locked (TVL) with Kelp & Gain on Ethereum
  • 10+ Layer-2 Integrations for better scalability
  • 120+ DeFi Integrations, fueling rapid growth
  • 300K+ Unique Addresses, showing trust and adoption

:link: Kernel’s Visionary Ecosystem

Kernel is part of a broader vision, powering the future of DeFi through three flagship products:

  1. Kernel: Cross-chain restaking powerhouse on BNB Chain, launching mainnet soon
  2. Kelp: Liquid restaking on Ethereum with rsETH adoption skyrocketing
  3. Gain: Tokenized yields across DeFi, CeDeFi and Real-World Assets (RWAs)

Together, these solutions unlock $100B+ opportunities in across Restaking, DeFi, CeDeFi and RWAs.