KernelDAO Expands into Real World Assets, Building on Kelp's Success

**Stablecoins are transforming** from simple digital dollars into productive financial infrastructure. **Current scale:** - $300B in circulation - $3T+ moving monthly - Most holders still parking capital passively **The shift happening:** Stablecoin holders are moving from passive storage to **productive capital deployment**. This represents a fundamental change in how digital dollars function in the crypto ecosystem. **Key insight:** Despite massive transaction volumes, the majority of stablecoin capital remains underutilized. The market is now exploring ways to put this idle capital to work. This evolution could reshape how we think about digital money - from static store of value to **active financial infrastructure**. [Read the full analysis](https://blogs.kerneldao.com/blog/the-future-of-stablecoin-utilities-beyond-store-of-value)

**Kred** is launching a new credit protocol that bridges onchain capital with institutional credit demand. - Promises credit that moves at **internet speed** - Connects blockchain-based capital to traditional institutional borrowing needs - **Litepaper releasing soon** with full technical details - Waitlist now open for early access This builds on Kernel DAO's broader vision to create an "Internet of Credit" that expands into real-world lending markets. The protocol aims to bring institutional-grade credit infrastructure onchain. [Join the waitlist](http://kerneldao.com/incoming/) to get early access when Kred launches.

**wrsETH launches on Avalanche**, expanding Kelp's liquid restaking token beyond Ethereum and Layer 2s. **Key integrations include:** - BlackholeDex: DEX with wrsETH/WETH.e liquidity pool - Euler Finance: Dedicated lending market via K3 Capital **Current rewards:** - Kernel Points - AVAX rewards - Black rewards Users can now **borrow WETH using wrsETH as collateral** on Euler Finance, with depositors eligible for AVAX rewards. The expansion leverages **Avalanche's speed and low costs** for efficient restaking operations. [Start restaking](https://kerneldao.com/kelp/restake/?utm_source=social) | [BlackholeDex pool](https://blackhole.xyz/deposit?token0=0x49D5c2BdFfac6CE2BFdB6640F4F80f226bc10bAB&token1=0x7bFd4CA2a6Cf3A3fDDd645D10B323031afe47FF0&pair=0xa2d7dDf3757Dd94199a2a3874605aD4fd8a26a9f&type=Concentrated%20Volatile)

**Equilibria's voting market is now live** with 3,520 $KERNEL tokens available as rewards. Users can vote for three specific pools to earn their share: - rsETH pool - agETH pool - hgETH pool This represents a **significant increase** from the previous week's 750 USDC reward pool, showing growing incentives for community participation. [Vote now to claim rewards](https://equilibria.fi/vote)

**Kelp delivered major milestones in September** across multiple product lines and integrations. **Key Product Launches:** - **Stable Gain vault** launched as first stablecoin vault, offering up to ~20% rewards through UltraYield strategies - Deposit USDT/USDC to mint sbUSD with no lockups - **hgETH maintains** consistent 11-14% reward rates on ETH **rsETH Growth Explosion:** - **Became top ETH asset** on Aave v3 Linea with >$360M supplied - TVL grew from ~$60M to ~$372M in one month - Supply caps maxed out 4x during growth period **New Integrations:** - Native rsETH live on Plasma mainnet - PT-rsETH integration with Giza's autonomous allocation agent - Multiple Arbitrum integrations including DRIP campaign and Fluid liquidity vaults **Ecosystem Expansion:** - KernelDAO advancing "Internet of Credit" vision - Kred litepaper teased for bridging onchain capital to institutional credit - Co-sponsored BlockFesta event in Seoul **Coming in October:** Kred litepaper release and further chain expansions planned.