Binance Megadrop announced its fourth project – Kerneldao (Kernel), a replenishment protocol supporting three key tokens, Varech and gain.
Introduced in 2024, Binance Megadrop is a token launch platform that offers users early access to promising crypto projects before their official list.
Kerneldao and Binance Megadrop: Overview
Kerneldao is a replenishment protocol which allows users to reuse Jalondes assets (such as ETH or BNB) to participate in other protocols, maximizing the yield. The protocol launched its Mainnet in December 2024.
The Kerneldao Megadrop event starts on April 1, 2025 and lasts 20 days, gratifying the participants with nucleus tokens. Kelp, a Kerneldao component, manages more than $ 1.15 billion of total locked value (TVL) on 10 blockchains, including Ethereum and BNB chain.
Kerneldao has a maximum offer of 10 billion core chips. Binance allocated 40 million nucleus (4% of the total offer) to the participants. When registering on Binance, the supply of initial circulation will be 162,317,496 nucleus (16.23% of the total offer).
After the Megadrop event, the nucleus will be listed on Binance Spot with trading pairs such as Kernel / BTC, Kernel / USDT and Kernel / BNB.
Kerneldao is the fourth project on Binance Megadrop, following Lista (Lista) and Xai (XAI). Previously, Binance Labs has invested in the nucleus to build a recovery infrastructure on the BNB channel.
The inclusion by Binance of Kerneldao could contribute to the growth of the replenishment sector. According to Defillama, the total TVL of replenishment protocols exceeded $ 15 billion at the beginning of 2025, with Eigenlayer and Vael leading the market.
With 40 million nucleus tokens distributed via Megadrop, many participants can sell immediately after receiving their chips, potentially creating downward price pressure. In addition, the increase in competition from protocols like Eigenlayer could pose challenges for Kerneldao.
In addition, all the projects listed on Binance did not work impressively. In 2024, the tokens classified in binance all fell, 29 of the 30 tokens displaying significant losses.
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