Binance Megadrop launches KernelDAO
Event to boost restaking ecosystem growth
Binance Megadrop, the early-access platform for promising crypto projects, has launched a 20-day airdrop campaign for the restaking protocol KernelDAO, allocating 40 million KERNEL tokens for distribution.
KernelDAO is a restaking protocol that enables users to reuse staked assets (such as ETH or BNB) across multiple protocols to maximize yield.
The protocol launched its mainnet in December 2024 and currently holds over $1.15 billion in total value locked (TVL) across 10 blockchains, including Ethereum and BNB Chain.
KernelDAO has a maximum supply of 10 billion KERNEL tokens. Binance has allocated 40 million KERNEL (4% of total supply) to Megadrop participants. Upon listing, the initial circulating supply will be 162,317,496 KERNEL, representing 16.23% of the total supply.
Event to boost restaking ecosystem growth
The campaign begins on April 1 and will run for twenty days. Afterward, Binance Spot will launch trading pairs for KERNEL/BTC, KERNEL/USDT, and KERNEL/BNB.
KernelDAO’s inclusion on Binance is expected to fuel the growth of the restaking sector. Previously, Binance Labs invested in Kernel to help build recovery infrastructure on BNB Chain.
According to DeFiLlama, the total TVL for restaking protocols surpassed $15 billion at the beginning of 2025, with EigenLayer and Kelp leading the market.
As we wrote, on January 7, Binance launched a Megadrop event by Solv Protocol, allowing participants to earn up to 4.7 million SOLV tokens by subscribing to BNB-locked products and completing various quests offered by the organizers.
