Binance Labs has invested in Kernel, a platform focused on improving restaking infrastructure on the BNB Chain. This investment aims to enhance the security and utility of DeFi and other crypto applications on the network. Kernel’s first phase will integrate BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security, driving DeFi innovation.
The platform’s long-term goal is to scale its infrastructure to include additional layer-1 blockchains, optimizing capital efficiency and expanding asset utility. Kernel’s integration with various dApps and collaborations with other projects will further increase the value of restaked assets.
Binance Labs‘ investment aligns with its strategy to support cutting-edge projects that promote Web3 and expand the blockchain ecosystem.
This investment follows other recent initiatives by Binance Labs, including backing Lombard for Bitcoin liquid staking and investing in BIO Protocol for decentralized science.
With a growing portfolio valued at $10 billion, Binance Labs is actively diversifying its investments to support projects reshaping various sectors within the blockchain and crypto world.
