FAQs
What is Kernel? Kernel is an innovative restaking protocol initially designed for the BNB chain, with plans to evolve into a versatile multi-asset, multi-chain restaking infrastructure. It enables users to repurpose their staked assets as economic security, thereby enhancing asset utility and potential rewards.
Who is behind Kernel? Kernel is developed by a seasoned founding team with over 50 years of combined startup experience and expertise in Liquid Staking Token (LST) and Liquid Restaking Token (LRT) protocols. Key team members include:
Amitej GVS (Co-Founder)
Dheeraj Borra (Co-Founder)
What is the relationship between Kelp and Kernel? Kelp is an integral part of the Kernel ecosystem, which comprises:
Kernel: The BNB restaking layer backed by Binance (new product)
Kelp: The existing Ethereum restaking protocol available on Kelp
Gain: Automated vaults and yield concierge available on Kelp
While Kelp and Kernel will remain separate products focusing on their respective blockchains, they are part of the same ecosystem. We are continuously exploring ways to create synergies between them.
How does a token fit into Kernel, LRT, Gain ecosystem?
There will be a single token for all products of the Kernel ecosystem (including Kelp’s LRT and Gain). Kelp miles will be converted to this token at the time of air drop.
How does Kernel affect existing Kelp Miles and positions? The introduction of Kernel on BNB will not affect existing Kelp Miles or positions as these are separate products. Kelp will continue to operate as before, receiving ongoing updates, improvements, and dedicated support. The development of Kernel will make the whole ecosystem valuable setting up all our supporters on LRT, Gain and Kernel for success.
What are the future plans for Kernel? Our vision for Kernel is to create an omnichain multiasset restaking economy starting with BNB Chain. Kernel will soon make all assets on Binance and other exchanges available for restaking benefitting all asset holders with additional rewards. We expect Kernel to become a crypto primitive benefitting BNB chain and several other L1s.
How can users stay informed and participate in Kernel's development? Updates will be shared through our official channels, including our website, social media, and community forums. Please follow us on socials for early access programs and beta testing opportunities to earn additional rewards. a. Website b. Twitter
What are the security precautions to be taken for Kernel? Kernel will undergo rigorous security audits and be available to users in the next few months.
How does Kernel align with Kelp's long-term vision? The introduction of Kernel represents a significant milestone in our overarching vision of creating a comprehensive restaking ecosystem. While Kernel expands our reach to the BNB chain, Kelp's LRT and Gain continue to play pivotal roles in this ecosystem. Our roadmap is evolving strategically to ensure seamless integration and synergy between these components, ultimately providing users with a holistic and enhanced access to restaking opportunities across multiple access across the Binance chain.
Last updated