Binance Megadrop Launches KernelDAO: A Restaking Protocol with $1 Billion in TVL 🔄
Binance Megadrop has launched its fourth project, KernelDAO, a restaking protocol that enhances asset utilization through tokens Kernel, Kelp, and Gain. The initiative follows past successful projects Lista and Xai.
Kicking off on April 1, 2025, the Megadrop event spans 20 days, offering KERNEL tokens as reward. KernelDAO's current TVL surpasses $1.15 billion across Ethereum, BNB Chain, and more.
While Binance lists KernelDAO, potential challenges arise from increased competition with protocols like EigenLayer and historical underperformance of some Binance-listed tokens.
40 million KERNEL tokens are set for distribution, raising potential downward price pressures post-issuance.
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