#kernel
Token #KERNEL (from the KernelDAO project) โ this is a utility token and governance token used in the restaking ecosystem of assets.
Its main functions:
๐ณ๏ธ Governance
Holders of KERNEL tokens can vote on key decisions regarding the development of the KernelDAO protocol. This includes selecting approved validators, restaking strategies, protocol updates, and fee structure.
๐ก๏ธ Overall economic security
Users can stake (lock) the KERNEL token to provide overall economic security for decentralized applications (dApps) and Actively Validated Services (AVS) in the ecosystem #KernelDao . This enhances trust and stability in the operation of all connected services.