$KERNEL Tokenomics
Overview
$KERNEL is the unified governance token across KernelDAO's ecosystem of products, including Kelp LRT, Kernel Restaking Infrastructure, and Gain. The token is designed with a community-first approach, emphasizing user empowerment and long-term protocol sustainability. Total and maximum supply of $KERNEL is 1,000,000,000 (1 Billion).
Token Distribution
Total token distribution is structured to prioritise community involvement and sustainable growth:
Distribution Breakdown
Community Rewards & Airdrops (55%)
Airdrops: 20% of total supply
Future Rewards: 35% of total supply
Private Sale (20%)
Includes completed and future private sale allocations
Subject to 18-month vesting after 12-month lock-up post TGE
Team & Advisors (20%)
Subject to 36-month vesting after 12-month lock-up post TGE
Ecosystem & Partners (5%)
Allocated for ecosystem partners, market makers, and onchain liquidity
Token Utility
Launch Utilities
Governance Rights
Participate in key decisions across all three products
Vote on protocol parameters and upgrades
Restaking Capabilities
Provide shared economic security for ecosystem projects
Support middleware and applications within the ecosystem
Liquidity Provision
Earn additional rewards by providing liquidity on AMMs
Access to liquidity mining programs
Ecosystem Participation
Eligibility for potential airdrops from ecosystem projects
Access to restaking rewards from middleware and DeFi protocols
Airdrop Schedule
Season 1
Allocation: 10% of total supply
Timeline: Through December 31, 2024
Eligibility: Users with Kelp Miles or Kernel Points across all three products
Loyalty Boost: 15% boost for Season 2 if restaked before January 15, 2025
Season 2
Allocation: 5% of total supply
Timeline: January 1 - April 30, 2025
Loyalty Boost: 15% additional rewards for early restakers (before January 15, 2025)
Season 3 and Beyond (Subject to governance approval)
Allocation: 5% of total supply
Timeline: To be determined through governance
Token Generation Event (TGE)
Target Date: Q2 2025
Ecosystem Context
$KERNEL governs an ecosystem with significant TVL across three main products:
Kelp LRT: $2B+ TVL with 575k+ ETH restaked
Kernel (Restaking infra for BnB, BTC, and other reward-bearing tokens): Powering 25+ ecosystem projects including LRTs, Middleware, and Dapps
Gain: $200M+ TVL in automated vaults
Early Supporter Benefits
Additionally, early users and supporters have received the following benefits:
25% boosted rewards for early restakers on Kernel (Dec 12 - Jan 1, 2024)
100k Kelp miles/rsETH minted rewards (Jan 18 - Feb 9, 2024)
Additional incentives through various campaigns (RTOB, Kelp Carnival)
Last updated