KernelDAO Issues Security Warning Following $KERNEL Launch
KernelDAO Issues Security Warning Following $KERNEL Launch
🚨 Scammers Target Kernel Holders
Following the successful launch of $KERNEL token, KernelDAO has issued important security guidelines:
- Only trust communications from official @kernel_dao and @KelpDAO channels
- Team will never initiate DMs or request sensitive information
- Verify all URLs and beware of phishing attempts
- Avoid engaging with unofficial token contracts or DEX pools
- Be skeptical of unsolicited airdrops or giveaways
The warning comes as part of ongoing efforts to protect the community during the token generation event (TGE) period. Claims for eligible participants remain open until June 13, 2025.
As we approach TGE, let's take a look at what $KERNEL can actually do? Let's cut through the noise and focus on the real utility. 🧵
✦ Security disclaimer With $KERNEL TGE now live, we urge our community to stay vigilant: ⍛ Only trust official links and channels shared by @kernel_dao or @KelpDAO ⍛ Never share your private keys, seed phrases, or wallet details with anyone ⍛ The KernelDAO team will never
With $KERNEL now live, it's important to stay vigilant against scammers and impersonators. Verify all sources, and only trust official communications from @kernel_dao and @KelpDAO. Your security is essential to our shared ecosystem. Let's protect what we're building
The $KERNEL token is live 🍿 As our community grows, so does the importance of staying secure. Here’s a quick guide to help you navigate safely - whether you're a restaker, builder, or contributor.
**DeFi Vaults: Beyond Simple Deposit-Withdraw Mechanics**
**DeFi vaults appear simple** - deposit, earn rewards, withdraw. But the reality involves complex backend operations. **What actually happens:** - Tokenization processes - Multi-protocol strategy execution - Continuous risk management - Strategic logic implementation **Key components include:** - Fee structures - Oracle integrations - Contract quality assurance - Automated rebalancing Vaults handle diverse strategies like farming, lending, staking, and delta-neutral positions. Some build on others, creating modular systems. **The automation is only as reliable as the underlying code.** Understanding vault mechanics helps users make informed decisions before investing. [Read the full technical breakdown](https://blogs.kerneldao.com/blog/what-happens-behind-the-scenes-from-user-deposit-to-vault-deployment)
🌱 Triple Threat
**All three Gain vaults delivered 10%+ rewards this week** despite market volatility. **The lineup:** - **High Gain (hgETH)**: 13%+ rewards, ~$50M TVL - **Airdrop Gain (agETH)**: ~12% rewards, $45M+ TVL - **Stable Gain (sbUSD)**: ~11% rewards, $8M+ TVL **How it works:** Deposit assets → Mint receipt token → Vault handles strategy → Collect rewards **Key features:** - Blue-chip strategies from established partners - Institutional-grade management - Simple one-click deposits - Additional DeFi integrations available While markets remained chaotic, Gain vaults maintained consistent performance across all three products. [Deposit now](https://kerneldao.com/kelp/gain/?utm_source=social)
wrsETH Launches on Avalanche via Aave v3 with 5k Supply Cap
**wrsETH is now available on Avalanche** through Aave v3, marking another expansion for the liquid restaking token. **Key Details:** - Current supply cap: 5,000 wrsETH - Supply caps are filling quickly - Available for deposit immediately This follows the recent success of rsETH on Arbitrum, which **surpassed $183.9M TVL** and maxed out its 60k ETH supply cap just days ago. **Previous Deployments:** - Plasma network launch in October with 20k cap - Strong adoption across multiple chains Users can deposit wrsETH on the [Avalanche market](https://app.aave.com/reserve-overview/?underlyingAsset=0x7bfd4ca2a6cf3a3fddd645d10b323031afe47ff0&marketName=proto_avalanche_v3) through Aave v3. *Act quickly as supply caps are filling fast across all supported networks.*
🌊 Arbitrum DRIP Epoch 7
**Arbitrum DRIP Epoch 7** has officially launched, offering new opportunities for users to earn additional ARB token incentives. The program allows participants to: - Explore earning opportunities across multiple supported protocols - Stack extra ARB rewards through various DeFi activities - Access updated incentive structures for the new epoch Previous epochs showed strong performance, with rsETH's market cap on Arbitrum surging approximately 450% during DRIP's runtime. [Check out the opportunities](https://arbitrumdrip.com/opportunities)
🌱 Weekly Rewards: 8,460 KERNEL Tokens Available Through Equilibria Voting
**Weekly KERNEL Token Distribution Active** Equilibria's voting market offers **8,460 $KERNEL tokens** as rewards for this week's voting period. **How to Participate:** - Vote for rsETH, agETH, and hgETH pools - Access the voting market at [Equilibria](https://equilibria.fi/vote) - Claim your proportional share of rewards **Key Details:** - Reward amount increased from previous week's 8,220 tokens - Multiple liquid staking token pools available for voting - Direct participation through Equilibria's platform Voting is currently live and accessible through the official Equilibria interface.