- Binance Labs invests in Kernel to enhance restaking infrastructure on BNB Chain, aiming to improve BNB’s security and support various crypto applications.
- Kernel plans to lead the global restaking market, expanding to other Layer 1 blockchains and integrating native and liquid staking tokens to optimise asset utility and capital efficiency.
What happened
Binance Labs has invested in Kernel, a key player in developing restaking infrastructure for BNB Chain. This partnership aims to improve BNB’s security, turning it into programmable and attributable trust to support various crypto applications, services, and middleware. Kernel’s goal is to lead the global restaking market. It offers decentralised applications (dApps) shared economic security while maximising value for restakers. Although restaking is gaining traction in the Ethereum ecosystem, Kernel plans to expand this concept to other Layer 1 blockchains, starting with BNB Chain. Kernel will first launch on BNB Chain, using BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security to support DeFi innovation. Future plans include integrating BTC and its derivatives as part of the restaked security.
More than 20 dApps, including Mira (a decentralised AI coprocessor) and Electron (a ZK proof aggregation protocol), will leverage Kernel’s economic security. Kernel is also collaborating with ListaDAO, Solv, and YieldNest to expand utility for restaked assets. By integrating native and liquid staking tokens from BNB, BTC, and other yield-bearing assets, Kernel aims to improve their utility and capital efficiency. This shared economic security ecosystem helps developers launch projects more efficiently, while offering users better ways to optimise their assets.
“Kernel is the type of innovative project that aligns with Binance Labs’ mission to support meaningful technology in Web3,” said Alex Odagiu, Investment Director at Binance Labs. “Their restaking solutions are increasing utility for BNB-based assets and creating a more resilient, developer-friendly DeFi ecosystem.”
“We’re thrilled to have Binance Labs’ support in making restaking a reality,” said Amitej G., Co-Founder of Kernel. “Their backing helps us lay the foundation for a secure, scalable restaking ecosystem on BNB Chain and beyond.”
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Why it is important
Binance Labs’ investment in Kernel is important because it strengthens the security and scalability of BNB Chain, an essential feature for the growing Web3 ecosystem. By enhancing BNB’s security through restaking, Kernel enables decentralised applications (dApps) to share economic security, which increases their reliability. This innovation supports a range of crypto applications, services, and middleware, boosting the broader crypto market. Kernel’s expansion of restaking to BNB Chain—building on Ethereum’s success—fills a key gap in Layer 1 blockchains. The platform uses BNB Liquid Staking Tokens (LSTs) and restaked BNB to support DeFi innovation. This approach improves capital efficiency for both developers and users.
As more than 20 dApps, including Mira and Electron, leverage Kernel’s technology, the restaking ecosystem grows more robust. Ultimately, this investment aligns with Binance Labs’ mission to advance Web3. It offers a more resilient, efficient, and developer-friendly environment for the future of decentralised finance.
