Kelp DAO

Kelp DAO facilitates liquidity for staked assets on restaking platforms like EigenLayer. The platform allows users to participate in restaking while maintaining access to liquid tokens representing their staked positions.

Andorra, España

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Users who stake assets on restaking platforms often lose access to liquid tokens representing their staked positions, limiting their ability to participate in DeFi activities and manage their assets effectively. This illiquidity can reduce capital efficiency and hinder broader adoption of restaking mechanisms.

Solution

Kernel DAO provides a suite of restaking products across multiple chains, including Ethereum and BNB Chain, designed to enhance liquidity and reward opportunities for staked assets. Its flagship product, Kelp Liquid Restaking (rsETH), allows users to restake ETH and Liquid Staking Tokens (LSTs) on Ethereum while receiving rsETH, a liquid token that can be used across various DeFi platforms. Kernel facilitates restaking of BNB and BTC on the BNB Chain, offering users the opportunity to earn additional rewards and participate in the shared security of the Kernel ecosystem. Gain, another product, offers automated reward farming vaults on Ethereum, enabling users to maximize yields on their assets through curated DeFi strategies.

Target Audience

Kernel DAO targets users seeking to maximize returns on their staked assets while maintaining liquidity and participating in the broader DeFi ecosystem, including ETH, BTC, and BNB holders.

Features

Kelp Liquid Restaking (rsETH): Mint rsETH by restaking ETH or LSTs, enabling participation in DeFi while earning restaking rewards.
Kernel (Restaking on BNB Chain): Restake BNB, BTC, and other yield-bearing tokens on BNB Chain to earn rewards and contribute to network security.
Gain (Automated Rewards Farming): Access automated vaults on Ethereum with no lock-up periods, offering exposure to multiple airdrops and high-growth yield strategies.
Cross-chain Support: Operates on multiple chains, including Ethereum, BNB Chain, Arbitrum, and Optimism, with plans for further expansion.
$KERNEL Token: Governance and utility token that allows holders to participate in decision-making processes, provide shared economic security, and earn staking rewards.
Integration with DeFi Platforms: Earn additional yields across 50+ DeFi platforms, including Aave, Morpho, Compound, and Balancer.
Dynamic Validation Networks (DVNs): Supports a growing ecosystem of over 25 protocols, including middleware and Liquid Restaking Protocols (LRTs).