The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About KernelDAO
Analysis of 28 Feb 2026KernelDAO is a multi-chain restaking ecosystem comprising three integrated products: Kelp (liquid restaking on Ethereum with $2B+ TVL), Kernel (shared security infrastructure on BNB Chain), and Gain (automated yield vaults).
Full overviewShow less
Founded by Amitej Gajjala and Dheeraj Borra, both former Stader Labs co-founders with IIT/IIM backgrounds, the protocol has grown to over $2.3B in total value locked across its products. KERNEL serves as the unified governance token for the entire ecosystem.
As of February 2026, the token trades at approximately $0.08, ranked around #730 on CoinGecko, with a circulating supply of 286M out of 1B total tokens. The protocol recently expanded into credit markets with its Kred product and KUSD yield-bearing stablecoin.
