Kernel Secures Binance Labs Funding to Redefine Restaking on BNB Chain

Quick Summary:

Several LSTs and LRTs including ListaDAO, Solv, and YieldNest, are working with Kernel to bring more utility to restaked assets.

Kernel integrates native and liquid staking tokens across BNB, BTC, other yield bearing assets to improve their utility and capital efficiency.

Over time, Kernel plans to expand to additional L1s, providing robust economic security and a foundation for the growth of innovative applications on Kernel.

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Article Details

Author / Journalist: Chainwire

Category: Crypto

Markets: United Arab EmiratesIndia

Topics: Chain Defi Binance Labs Restaking Kernel Assets Security Utility Ecosystem Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 16:30:28 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23843635

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 37 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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