Binance has announced the launch of KernelDAO (KERNEL), a restaking protocol that powers Kernel, Kelp, and Gain, the fourth project on its Binance Megadrop platform.
This initiative offers users innovative ways to participate in decentralized finance (DeFi) through staking and token rewards. The Megadrop for KERNEL is scheduled to begin on April 9, 2025, at 00:00 UTC.
Participants in the KERNEL Megadrop can lock their BNB tokens in Binance Locked Products from April 9 to April 13, 2025. During this period, hourly snapshots will be taken to determine Locked BNB Scores, impacting reward allocations. Users can also complete Web3 quests by staking a minimum of 0.01 BNB or asBNB on KernelDAO through the Binance Wallet. Rewards will be distributed on April 14, 2025, at 06:00 UTC, and participants can view their allocations in their Binance Spot Accounts. Subsequently, Binance will list KERNEL for trading at noon UTC on the same day, with trading pairs including KERNEL/USDT and KERNEL/BNB.
The Binance Megadrop platform has become a popular mechanism for token launches, integrating airdrops and Web3 quests to engage users. This initiative highlights Binance’s aim to grow the DeFi ecosystem by offering early access to new blockchain projects. The KernelDAO (KERNEL) has a total supply of 1 billion tokens, with 40 million designated for Megadrop rewards. At launch, approximately 162 million tokens will be in circulation, representing 16.23% of the total supply, and each user can claim up to 320,000 KERNEL tokens.
Notably, Binance Wallet recently announced its eighth Exclusive Token Generation Event (TGE) featuring StakeStone. This event was scheduled for a brief window on April 3, 2025, and will allow users to subscribe and claim a portion of 10 million STO tokens. StakeStone is an omnichain liquidity protocol aiming to solve DeFi’s fragmented liquidity issues by enabling seamless asset transfers across blockchains. The platform utilizes STO as its governance and cross-chain token, and veSTO is used to enhance staking rewards and governance power.
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