With support for up to 50,000 BNB delegation, the BNB Chain and KernelDAO are jointly advancing BNB restaking while also introducing a $40 million fund aimed at ecosystem enhancement.

The initiative is community-oriented and underscores the ongoing growth journey of the BNB Chain ecosystem. The program allocates up to 5% of the extra staked BNB as delegation support for the leading five protocols, reaching a total of 50,000 BNB. Combined with KernelDAO's funding, this initiative reflects a commitment to the evolution of DeFi and restaking technologies. BNB Chain Marwan Kawadri, Head of EMEA at BNB Chain, expressed in a statement, \"Our goal is to empower projects to reach their maximum potential while incentivizing those who stake and enhance the growing ecosystem. By securing TVL and backing their growth, we are not only aiming to onboard the next billion users into Web3 but also positioning BNB Chain as a pivotal hub of interconnected networks.\" KernelDAO Starting from January 15th, BNB Chain’s TVL Incentive Program #5 will be open for registration, running from January 21st to February 21st. This campaign is designed to motivate projects that integrate BNB staking, liquid staking, and restaking, providing delegation staking support that can go up to 5% of the incremental Total Value Locked (TVL) growth tied to staked BNB during the campaign.

Each project taking part can qualify for up to 20,000 BNB, from a total pool of 50,000 BNB. Prizes will be awarded to the top five protocols that drive innovation and aid in the wider adoption of the ecosystem.

Simultaneously, KernelDAO has introduced its $40 million Ecosystem Fund, which is focused on fostering development in the areas of restaking and shared security, aimed specifically at supporting initiatives within the BNB Chain ecosystem. BNB With notable support from high-profile investors like Laser Digital, SCB Limited, Hypersphere Ventures, Cypher Capital, ArkStream, and Levitate Labs, this fund is intended to assist developers in constructing middleware and applications on the BNB Chain.

KernelDAO is also planning to designate 5% of its token supply for ecosystem development grants to bolster its developers and partners. This effort is enhanced with collaborations from over 20 leading middleware and application partners, which includes cutting-edge AI projects like Mira and innovative networks utilizing Zero-Knowledge proofs like Electron. The Ecosystem Fund is projected to broaden the KernelDAO ecosystem by integrating more than 45 strategic partners.

Currently managing over $2 billion in total value locked across multiple blockchains, KernelDAO is supported by leading venture entities, including Binance Labs, Laser Digital, SCB, and Cypher Capital. Its key products comprise Kernel, the restaking infrastructure tailored for BNB Chain, Kelp LRT, a liquid restaking protocol available on Ethereum, and Gain, a rewards program that maximizes user earnings through premium airdrops and exceptional rewards. BNB Chain ecosystem Amitej Gajjala, CEO and Co-Founder of KernelDAO, stated, \"Launching the Ecosystem Fund marks a major advancement in enhancing our efforts to shape the restaking and DeFi landscape on the BNB Chain. By empowering developers to create on Kernel, we are aiming to ignite innovation throughout middleware and applications that leverage restaking capabilities.\" BNB Chain .

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Alisa is a passionate journalist at MetaversePost, concentrating her expertise on cryptocurrency, zero-knowledge proofs, investment strategies, and the expansive landscape of Web3. With a sharp awareness of emerging trends, she provides thorough insights to engage and inform readers in the dynamic domain of digital finance.

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