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KernelDAO Overview
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About KernelDAO
KERNEL is the native utility and governance token of the KernelDAO ecosystem. It serves several key roles:
- Restaking Security: KERNEL can be staked to provide economic security for applications built on Kernel, and to underwrite slashing insurance for restaked assets such as rsETH.
- Governance: Token holders can participate in protocol governance across all KernelDAO products, including voting on protocol upgrades, operator parameters, platform fees, and risk configurations.
- Incentives: KERNEL staking also enables users to earn a share of protocol rewards in return for participating in network governance and risk coverage.
The token is intended to unify the ecosystem's incentive mechanisms and governance framework across its restaking, liquidity, and vault-based components.
KernelDAO Markets
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Learn About KernelDAO
Frax Rebuilt Everything While the Market Looked Away
Frax (FRAX) trades near $0.43 with a market cap around $41 million, but the protocol behind it has been completely re-engineered. Frax killed its algorithmic mechanism after the 2022 Terra collapse, took the stablecoin fully collateralized, built fraxlend (permissionless isolated-pair lending), launched frxUSD backed by BlackRock's BUIDL fund, and shipped its own Fraxtal blockchain. The North Star Hardfork renamed FXS to FRAX and the original FRAX stablecoin to FRAXLEGACY, which still carries a $274 million market cap. The FRAX ecosystem token that now powers the entire stack - gas on Fraxtal, governance, lending revenue from fraxlend, real yield from sfrxUSD - sits at a $41 million market cap against roughly $270 million in network TVL. That gap is the story.
Crypto News NavigatorMay 19, 2026Fluid Reached 930M TVL on a 250K Marketing Budget
A protocol earning $51 million in annualized fees while spending $250,000 a month on marketing is unusual. Fluid has crossed $930 million in TVL across five chains, accrued more than $200 billion in cumulative volume, repaid a $70 million bad debt without pausing markets, and survived the Kelp DAO contagion event that drained $8.45 billion from Aave. The FLUID token still trades at $1.66.
Mia HallandApr 29, 2026The Restaking Gold Rush That Buried Its Own Prospectors
KernelDAO is to DeFi what your local bank is to finance: just too entrenched to fail. After surviving the recent restaking shakeout that has deposed many of its 2024 era competitors, KernelDAO sits on $2 billion TVL across three products, dozens of DeFi partner protocols, and barely surviving what could have been its worst week to date.
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Often Discussed Alongside KernelDAO
Tokens that appear with KernelDAO in our academy articles.
KernelDAO Market Data
The live KernelDAO price today is $0.05 USD with a 24-hour trading volume of $2,516,703.80 USD. We update our KERNEL to USD price in real-time. KernelDAO is down 2.33% in the last 24 hours.
The current market cap is $14,748,743.42 USD, ranking #567 by market capitalization. The circulating supply is 287,808,020 KERNEL out of a max supply of 1,000,000,000 KERNEL.