On April 1, 2025, Binance Megadrop announced a new resting protocol, Kerneldao (Kernel). This protocol supports the Kernel, Kelp and Gain Tokens and also rewards users with a 20 -day AirDrop event.
What are Kerneldao and Binance Megadrop?
Binance Megadrop was introduced as a Token Launch Platform that provides early access to users in 2024 before the official listing of the promising crypto projects. Kerneldao, the fourth project, is a restaking protocol that allows users to provide higher return by using their staked assets (eg ETH or BNB) in other protocols.
Kerneldao’s main network was operational in December 2024. This new protocol allows users to re -evaluate their existing staked assets and earn more on different platforms.
Kerneldao Megadropic activity and token distribution
Kerneldao’s Megadrop event started on April 1, 2025 and will last for a total of 20 days. During this event, the participants will be given Kernel Token. The Kelp component of the Kerneldao manages a total locked value (TVL) over $ 1.15 billion on 10 different block chains such as Ethereum and BNB Chain.
Binance separated 40 million Kernel Token, which corresponds to 4 %of the total supply for Megadrop event. After listed in Binance, the amount of kernel to start circulating will be 162,317,496, which will make up 16.23 %of the total supply.
When the Megadrop event ends, the Kernel Token will begin to be traded at Binance Spot. Trade couples such as kernel/btc, kernel/USDT and kernel/bnb will be offered to users.
Kerneldao became the fourth project following projects such as Lista (LISTA) and Xai (XAI), previously listed in Binance Megadrop. Binance Labs had previously invested in Kerneldao to create a recovery infrastructure on BNB Chain.
Binance’s inclusion of Kerneldao in the platform can contribute to the growth of the resting sector. According to fashion show, the total locked value of the resting protocols at the beginning of 2025 exceeded $ 15 billion. Protocols such as Eigenlayer and Kelp are leading in the market.
However, there are some difficulties that Kerneldao will face. It is possible that some of the 40 million Kernel Token, distributed by the Megadrop event, will be instantly sold by users. This can create a downward pressure on the token price. In addition, competition with competing protocols such as Eigenlayer can also make it difficult for Kerneldao’s growth.
Binance listing does not always bring success
All projects listed in Binance do not perform successfully. For 2024, almost all of the token listed in Binance suffered a loss of value. 29 out of 30 projects suffered serious losses.
Kerneldao’s success will depend on users’ interest in this new resting protocol and the ability to cope with their competitors. Despite the advantage of listing on Binance, long -term performance is still unclear.
