Binance Labs Invests in Kernel to Boost BNB Chain Security
Binance Labs announces investment in Kernel, a re-staking infrastructure designed to empower Safety And utility on the BNB chain.
Kernel aims to transform BNB’s security into programmable trust using heavy staking, supporting a range of cryptographic services, applications and middleware.
The kernel will be released first on the BNB chain
initial roll out Will focus on integrating BNB Liquidity Staking Token (LST) and re-staking BNB as economic security to drive innovation Decentralized Finance At BNB chain.
Additionally, Kernel plans to add Bitcoin and its derivatives to its Re-staking framework. more than 20 Decentralized Applications (dApps)will take advantage of the economic security of the kernel. This will include AI co-processor Mira and ZK proof aggregation protocol Electron
At the same time, cooperation with ListaDAO, Solv, YieldNest and other projects will further enhance the utility of re-pledged assets. Kernel’s long-term vision includes expanding its infrastructure to more First layer blockchain.
Kernel’s approach integrates native and liquid staking tokens from BNB, BTC and other yielding assets. This may optimize the utility of assets and increase capital efficiency.
Alex Odagiu, investment director at Binance Labs, said: “Kernel exemplifies the type of innovative project that aligns with Binance Labs’ mission to bring more users to Web3 by supporting meaningful technology and advancing the ecosystem.” explain in a press release.
This investment is as follows Binance Labs’ recent support for Lombarda liquidity staking platform focused on Bitcoin. Lombard’s LBTC token currently accounts for 40% of the Bitcoin liquid staking token market and aims to expand its security Multi-chain pledge agreement.
In addition, Binance Labs is also involved in Decentralized Science (DeSci) department. The company has recently Investment BIO Agreementmarking its first entry into the field.
Overall, Binance Labs appears to be pursuing a broader strategy to diversify its $10 billion portfolio into innovative and impactful sectors.
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