$KERNEL Tokenomics
Last updated
Last updated
Kernel token ($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.
Total Supply: 1 Billion
Distribution: Refer to illustration
$KERNEL will have several utilities across the Kernel and Kelp ecosystem products. Below are key utilities for the $Kernel token:
Kernel shared security:
Staked $KERNEL to be used as economic security for applications building on Kernel platform
Slashing Insurance:
Staked $KERNEL tokens to provide insurance against any rsETH slashing events and earn a share of protocol rewards in return
Staked $KERNEL tokens to provide insurance against any slashing events on Kernel platform and earn a share of protocol rewards in return
Governance:
Kernel platform: Participate in all governance decisions related to Kernel platform, fees, slashing conditions etc.
LRT & Gain: Participate in protocol governance by voting on AVS selections & rebalances, operator related proposals, platform fees and more.