What is the current price of KernelDAO?
The current price of KernelDAO is $0.04899 with a 3.22% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
KernelDAO is a restaking protocol group built around Kelp, a liquid restaking platform that issues rsETH against staked ETH, and Gain, a set of vaults that automate reward and incentive farming. KERNEL is the shared governance token across those products, launched at a token generation event on April 14, 2025.
Restaking means reusing staked capital. Ether that already secures Ethereum is delegated through EigenLayer to secure additional services, earning a second layer of rewards and taking on a second layer of slashing risk. Kelp packages that position into rsETH, a liquid receipt token that can be held, lent, or traded while the underlying stake stays at work. This page describes those mechanics and the risk surface they create, including the parts of the KernelDAO product line that have been wound down.
Official sources:
KernelDAO grew out of Kelp DAO, which launched rsETH on Ethereum in 2023 as one of the first liquid restaking tokens built on EigenLayer. The group later added Gain, a vault product, and Kernel, a shared security protocol on BNB Chain, then consolidated all three behind one token and one brand.
KERNEL launched on April 14, 2025. The top allocation tier received 70 percent of its tokens immediately, with the remaining 30 percent vesting linearly across three monthly cycles through August 2025. Airdrops were distributed across seasons based on a points system, with Season 1 covering activity through December 2024 and Season 2 covering January to April 2025.
The history also includes a discontinuation. Kernel, the BNB Chain restaking product, was wound down in 2026. Per the project's own notice, points issuance ended on February 28, 2026 and the Kernel application front end was retired on March 27, 2026. The underlying contracts remain live and deposited assets remain withdrawable, but users must now interact with them directly through BscScan rather than through a user interface. The team has publicly pointed its next phase at KUSD and supply chain financing alongside Kelp and the KERNEL token.
Deposit and receipt issuance. A user deposits ETH or a supported liquid staking token into Kelp and receives rsETH in return.
Value accrual by exchange rate, not rebasing. The protocol totals the assets it holds, prices them, and divides by the rsETH supply to derive an exchange rate. Rewards raise that rate rather than increasing the number of tokens in your wallet. Your balance stays constant while each unit represents more of the underlying.
Delegation to node operators. Staked assets are run by professional operators, documented as P2P, Figment, Luganodes, and Pier Two, who operate validators and restake to services on EigenLayer.
Reward and incentive capture. Beyond base staking yield, the position earns restaking rewards and third-party incentive programs. Gain vaults exist specifically to automate that layer: users deposit ETH or liquid staking tokens, receive a vault token such as agETH, and the vault routes assets into strategies.
Multichain distribution under strict messaging rules. rsETH is bridged to other networks over LayerZero, and the configuration is deliberately conservative: four required independent verifiers with no optional ones, sixty-four block confirmations, a hub and spoke topology, and explicitly pinned messaging libraries on every route.
Mint rate limits. Daily rsETH mint caps are enforced per chain, with a far larger allowance on Ethereum than on the Layer 2 deployments, which limits the blast radius of a bridge or oracle problem.
The documented launch utility of KERNEL is narrower than the marketing around restaking tokens often implies, and it is better to state it accurately:
The documentation does not describe KERNEL as a slashing backstop, an insurance fund, or a security bond for the restaking layer. If you see that claim elsewhere, check it against the current documentation before relying on it.
Supply is 1,000,000,000 KERNEL, allocated as 55 percent to community rewards and airdrops, split into 20 percent for airdrops and 35 percent for future rewards, 20 percent to a private sale locked for twelve months then vesting over eighteen, 20 percent to team and advisors locked for twelve months then vesting over thirty-six, and 5 percent to ecosystem and partners.
The supply mechanics are unusually clean for a token of this size, and they can be verified without trusting anyone's summary. The KERNEL contract on Ethereum at 0x3f80B1c54Ae920Be41a77f8B902259D48cf24cCf is a plain ERC-20 with permit support. Its deployed bytecode contains no mint function, no burn function, no owner, no pause switch, and no role system, and the EIP-1967 upgrade slot is empty, so it is not a proxy. The full 1,000,000,000 supply was created at deployment and cannot be changed.
Cross-chain KERNEL is handled by a separate LayerZero adapter contract on Ethereum that wraps and locks the fixed-supply token rather than minting new units, so the Ethereum contract is a hard ceiling on total KERNEL in existence no matter how many chains the token appears on. That is a stronger guarantee than a documented cap enforced by a privileged role.
Security rests on several independent layers:
Restaking stacks risk rather than replacing it, and the layers are additive:
KernelDAO is one of the larger liquid restaking issuers to survive the sector's consolidation, and its operational record is instructive in both directions. The engineering discipline is real: layered multisigs, timelocked upgrades, a conservative bridge configuration, mint rate limits, and a token contract with no admin powers at all. At the same time, retiring the BNB Chain restaking product and deprecating several deployments is a concrete reminder that restaking yields depend on demand for shared security that has not appeared everywhere it was expected.
KERNEL is available on centralized exchanges and on decentralized venues on the chains where it is deployed. Pairs and availability vary by venue and by jurisdiction. rsETH is obtained by depositing into Kelp rather than by buying KERNEL.
KERNEL is often available on:
Common pairs include KERNEL/USDT where supported.
KERNEL can be held:
If you hold a bridged KERNEL representation on another network, confirm the chain and the contract address before sending it anywhere, and remember that the Ethereum contract is the canonical one.
You can compare KERNEL with related protocols on Coinrithm:
Track KernelDAO live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for KernelDAO on CoinRithm before using real money.
Use a crypto paper trading account to demo trade KernelDAO with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading KernelDAO with real money.
Read the complete paper trading guideThe current price of KernelDAO is $0.04899 with a 3.22% change in the last 24 hours.
The daily trading volume is $199,827 representing a 32.37% change in the past 24 hours.
The market capitalization of KernelDAO is $14,099,999, ranking #622 globally.
The fully diluted valuation (FDV) of KernelDAO is $48,990,988, calculated assuming the maximum supply of 1,000,000,000 KERNEL is in circulation.
Circulating: 287,808,020. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, KernelDAO traded between a low of $0.0484 and a high of $0.05070.
KERNEL/USDTTether USDT0.04899 USDT
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