Kernel
KERNELMulti-chain restaking protocol offering shared security and liquid yield
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.09% | 2.23% | 7.58% | 10.96% | 9.60% | -- |
Revenue & Burn
Protocol income
$21.69KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $21.69K | -- | -- | -- |
| Oct 2026 | $116.82K | -- | -- | -- |
| Sep 2026 | $111.41K | -- | -- | -- |
| Aug 2026 | $93.48K | -- | -- | -- |
| Jul 2026 | $91.99K | -- | -- | -- |
| Jun 2026 | $103.86K | -- | -- | -- |
Comparison
Sub Organizations
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 14, 2026 | 2.52M KERNEL | $109.68K | 0.87% | 1 Allocation |
| Dec 14, 2026 | 2.52M KERNEL | $109.68K | 0.87% | 1 Allocation |
| Jan 14, 2027 | 2.52M KERNEL | $109.68K | 0.87% | 1 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xa7cd...4290 |   KERNEL | 296,172,258 | 29.62% | $12.88M |
| 0x226b...f5e7 | KERNEL | 200,000,000 | 20% | $8.69M |
| 0x52ad...828b | KERNEL | 195,159,722 | 19.52% | $8.48M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | HHTXCEX | KERNEL/USDT | $0.06096 | $1,404 | $1,808 | $1,064,236 | 40.46% |
| 2 | UUpbitCEX | KERNEL/KRW | $0.06137 | $33,929 | $60,331 | $617,261 | 23.47% |
| 3 | BBithumbCEX | KERNEL/KRW | $0.06128 | $25,749 | $5,810 | $169,708 | 6.45% |
| 4 | BBingXCEX | KERNEL/USDT | $0.06096 | $24,034 | $36,021 | $103,693 | 3.94% |
| 5 | KERNEL/USD | $0.0611 | $33,113 | $38,049 | $76,584 | 2.91% | |
| 6 | BBitgetCEX | KERNEL/USDT | $0.06096 | $2,228 | $2,051 | $28,139 | 1.07% |
| 7 | PPhemexCEX | KERNEL/USDT | $0.06106 | $2,822 | $2,709 | $14,891 | 0.57% |
| 8 | KERNEL/USD | $0.06099 | $5,365 | $6,321 | $5,370 | 0.20% | |
| 9 | KKrakenCEX | KERNEL/USD | $0.0605 | $4,030 | $9,956 | $3,647 | 0.14% |
| 10 | KKrakenCEX | KERNEL/EUR | $0.06121 | $7,605 | $10,489 | $2,221 | 0.08% |
Follow Updates
Follow Lists
People
About Kernel
Kernel is a restaking protocol on BNB Chain where users restake BNB and its liquid staking receipts to provide shared security to other protocols while earning extra yield. It addresses low asset utilisation in staking, since a plain stake secures one chain while restaking lets the same asset back several services. A staking manager contract records shares, and the product links to liquid staking and yield vaults in the same ecosystem.
The risk in such products is layering: base staking, restaking receipts and the slashing rules of each recipient can all transmit losses to users. The 2026 timeline shows the outcome: the points programme ended on 28 February, new deposits stopped on 7 March, the app entry closed on 27 March, and the interface was retired on 8 June, after which assets could only be withdrawn by calling contracts through a block explorer, with the withdrawal path open until June 2029 as the team pivoted to a supply-chain finance stablecoin.
Security and setback: On May 20, LayerZero's joint post-mortem confirmed that forged messages caused Kelp's rsETH bridge to release 116,500 rsETH worth about $292 million; LayerZero then rebuilt the affected cloud environment and ended single-verifier signing.
Unlock and trading: Upbit and Bithumb lifted KERNEL trading alerts and restored deposits and withdrawals on June 19; about 14.4 million tokens unlocked on August 14, roughly 5% of the then-circulating supply, with vesting continuing through 2032.
KernelDAO retired the dApp interface of its original BNB restaking product Kernel on June 8, 2026 (new deposits halted March 7), shifting focus to the Kelp and Gain ecosystems. Kelp's rsETH remains the second-largest LRT on Ethereum with TVL above $2B, while Gain vaults keep expanding. As of 2026 KernelDAO's total TVL exceeds $2B across 10+ chains with 300k+ users.
Kernel will advance Kred and its yield-bearing stablecoin KUSD for supply-chain financing and decentralized credit, with Chainlink selected as the official oracle; extend the ecosystem from crypto-native restaking yield into RWAs and CeDeFi vaults to build more sustainable revenue sources.
Amitej Gajjala — Co-founder; leads overall strategy and the restaking business at KernelDAO.
Dheeraj Borra — Co-founder; previously co-founded the Ethereum liquid restaking protocol Kelp.