Kernel Protocol

KERN

Restaking protocol

$
2.44

4.34%

Trading Volume(24h)
-3.27% $ 288,925.766
Circulating Market Cap
$ 3,029,456.196
Fully Diluted Valuation $ 6,911,852
Circulating Supply 1,241,206 KERN
Total Supply 2,831,872 KERN
Contract Address

0xd7fc...bdcb
Supported Exchanges
Launched Jul, 2024

Overview

Token

𝕏 Statistics

Details

Karak Network is a restaking protocol that allows users to deposit any asset to the platform in order to provide slashable security to various products and services built atop Karak, such as data availability layers, blockchains, oracles, and more. Kernel Protocol presents a solution where it creates Liquid Restaking Tokens (LRTs) that are composed of indexes for each of the main asset categories on Karak. This mitigates liquidity fragmentation compared to making specific LRTs for each and every individual asset, while also presenting enough variation in asset choice for an end LRT user, reflecting the diversity of restaking opportunities available on Karak.

Tags: DeFi Restaking LSD

Ecosystem(1): Ethereum

Founded: 2023