The First Suite Of Karak-Native LRTs, Unlocking Liquidity & Yields For The Karak Ecosystem
Karak Network is a totally unopinionated restaking protocol that allows users to deposit any asset to the platform in order to provide slashable security to various products and services built atop Karak, such as data availability layers, blockchains, oracles, and more. Unlike Ethereum and EigenLayer, where security can be provided solely through ETH for the former and ETH-denominated assets such as LSTs for the latter, Karak already features a basket of DeFi assets such as Pendle positions, EigenLayer-restaked LRTs, LP Positions across Uniswap v3 and Curve Finance, and stablecoins such as Ethena’s USDe.
This flexibility has benefits in the sense that it makes yield-bearing assets composable with restaking, as opposed to staking yield needing to outperform other DeFi yield in order for it to be viable. However, it also has the downside of lacking a single homogenous asset to peg Karak LRTs to. Consequently, restaked holdings on Karak cannot be deployed in further yield-bearing activities and Karak XP (their native points reward) cannot be traded on yield markets and other DeFi applications.
Kernel Protocol presents a solution where it creates Liquid Restaking Tokens (LRTs) that are composed of indexes for each of the main asset categories on Karak. This mitigates liquidity fragmentation compared to making specific LRTs for each and every individual asset, while also presenting enough variation in asset choice for an end LRT user, reflecting the diversity of restaking opportunities available on Karak.
What is the highest value Kernel (KERN) has ever reached?
Kernel (KERN) reached its peak price at 8.08 $ on 27 November 2024, approximately 7 months ago ago. Presently, the current price is -65.34% lower than this all-time high.
What is the historical minimum price for Kernel (KERN)?
The minimum price reached for Kernel (KERN) was 1.28 $, documented on 04 November 2024, more than 8 months ago. In comparison, the current price is 118.74%, it above this historical low.
What is the fully diluted valuation of Kernel (KERN)?
The fully diluted valuation (FDV) of Kernel (KERN) stands at $ 7,89 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 2,816,493 KERN tokens. The realization of this FDV might take several years depending on the emission schedule of KERN tokens.
How to add Kernel (KERN) to MetaMask?
By integrating Kernel (KERN) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import KERN as a token. You can either manually import KERN by copying its contract address (0xd7fc610f6595b3aa6e24466b5ca166d10a0fbdcb) or use MetaMask's Chrome extension to add KERN with a single click through P.CASH.
How to add Kernel (KERN) to TrustWallet?
Incorporating Kernel (KERN) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include KERN, you can either manually import it using the contract address (0xd7fc610f6595b3aa6e24466b5ca166d10a0fbdcb) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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