KernelDAO litepaper
  • KernelDAO : Introduction
  • KernelDAO Ecosystem: Core Product Offerings
  • $KERNEL Tokenomics
  • KernelDAO Business model
  • Vision and Roadmap
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  • Token Distribution
  • Token Utility

$KERNEL Tokenomics

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Last updated 1 month ago

Kernel token ($KERNEL) is the common governance token for the Kernel, Kelp LRT and Kelp Gain ecosystems and it will play an integral and unifying role in the ecosystem.

$KERNEL has its total supply capped at 1 Billion tokens and a user-centric token distribution model with the majority of the token supply (55%) allocated to users and the broader community.

Token Distribution

Total Supply: 1 Billion

Distribution: Refer to illustration

Token Utility

$KERNEL will have several utilities across the Kernel and Kelp ecosystem products. Below are key utilities for the $Kernel token:

  1. Kernel shared security:

    1. Staked $KERNEL to be used as economic security for applications building on Kernel platform

  2. Slashing Insurance:

    1. Staked $KERNEL tokens to provide insurance against any rsETH slashing events and earn a share of protocol rewards in return

    2. Staked $KERNEL tokens to provide insurance against any slashing events on Kernel platform and earn a share of protocol rewards in return

  3. Governance:

    1. Kernel platform: Participate in all governance decisions related to Kernel platform, fees, slashing conditions etc.

    2. LRT & Gain: Participate in protocol governance by voting on AVS selections & rebalances, operator related proposals, platform fees and more.