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Kernel DAO announces Kernel token economics, 55% for community rewards and airdrops

By: blockbeats|2024/12/19 14:15:01
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Kernel DAO, the leading re-staking platform, officially releases the economic model of its unified token $KERNEL. $KERNEL offers broad utility and disruptive potential in the re-staking space.

$KERNEL supports three core products in the staking value chain:

• Kelp rsETH: provides liquidity re-staking, with a total locked amount of $1.9 billion

• Kernel: provides re-staking infrastructure for BNB, BTC and other yield assets, and has built an ecosystem with 25+ projects, with a total locked amount of more than $50 million

• Kelp Gain: automated tokenized vault, with a total locked amount of $180 million

Kernel was successfully launched on December 10, 2024, and currently has a thriving ecosystem covering 25+ projects, including LRTs, basic middleware, etc. In addition, Kernel Points, as an early supporter reward mechanism, further incentivizes user activities and participation to ensure the continued growth and activity of the ecosystem.

Community First: A Bold Token Economics Strategy

Our token allocation reflects our commitment to our users. 60% of $KERNEL tokens will be allocated to the community and ecosystem partners.

Community Rewards & Airdrops:55%

• 20% of the total supply is used for airdrops

• 35% is allocated for future rewards

Ecosystem & Partners:5%

(including ecosystem partners, market makers, on-chain liquidity, etc.)

Private Sales:20%

(including completed and future private sales)

Team & Advisors:20%*

*Tokens from the team and private sales will be released linearly over 24 months after a 6-month lock-up period.

The far-reaching impact of practicality

$KERNEL's functions are gradually introduced in two phases with far-reaching impacts:

Phase 1: Instant Stake

• Participate in governance voting on important decisions

• Re-stake $KERNEL to provide shared economic security for Kernel ecosystem projects, and have the opportunity to receive airdrop rewards from ecosystem projects

• Provide liquidity in the Automated Market Maker (AMM) to obtain additional $KERNEL rewards

Phase 2: Shared Security

• Stake $KERNEL to provide insurance for rsETH (LRT) and Kernel against potential slashing events

• Use a large portion of the protocol revenue for $KERNEL buybacks

*This feature is subject to governance approval.

Rewarding Early Supporters: Airdrop Season Explained

20% of the token supply is allocated to airdrops, and users can get rich rewards for early participation:

• Season 1 (until December 31, 2024): 10% of the total supply is allocated, and continued participation can enjoy a 15% loyalty reward.

• Season 2 (January 1st - April 30th, 2025): Up to an additional 5% of the supply will be allocated, and re-staking before the 15th can earn additional rewards.

• Season 3: More rewards will be announced soon, continuing the community-centric concept.

Join restaking now:

Restake on Kelphere

Restake on Kernelhere

Build the future together

$KERNEL is a versatile and user-centric protocol that manages the ecosystem of products such as Kernel restaking, Kelp LRT, and Gain. The allocation of $KERNEL reflects our unremitting commitment to our early supporters. Join us to build a more convenient and rewarding restaking ecosystem.

Join our community: Discord, Telegram or Twitter for the latest updates.

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