Topic: [ANN] KERNEL - A decentralized hedge fund based on non-inflationary tokenomics🔥 (Read 155 times)

is the product live? can’t see anything loading

Waiting LGE, any news?

Is there a fixed launch date for the LGE ? Why do we have to provide DAI and not ETH? 

KERNEL is a non-inflationary cryptocurrency designed to build a hedge fund of a new kind for DeFi 2.0.

Inspired by the new tokenomics standard brought by CORE, Kernel Vaults kickstarts KERNEL distribution through a Liquidity Generation Event (LGE) based on DAI. The contributed DAI will be matched with the 10,000 KERNEL and added to the Uniswap liquidity pool forever. The participants of the LGE will receive the generated KERNEL/DAI LP tokens according to their respective share of the pooI.

Yield farming
KERNEL LP stakers will be rewarded through two mechanisms: the distribution of an additional 1% fee on all KERNEL transactions and a proportional share on the performances of a community-governed hedge fund.

Hedge Fund
A DAI fund financed through 8% of the KERNEL transaction fees will execute secure strategies in order to generate passive income for all KERNEL LP stakers. Each month, stakers will see their claimable rewards updated with a share of the profit generated by the fund. The first goal of the fund will be to lend through the Kernel lending vaults.

Lending vaults
The Kernel lending vaults will enable everyone to lend and borrow DAI with KERNEL or KERNEL LP as collaterals without liquidation penalty. Depositing KERNEL will allow borrowing DAI based on the KERNEL floor price. Depositing LP tokens as collaterals can be seen as a way to receive a yield payment advance.

For more information, feel free to read KERNEL documentation: https://docs.kernelvaults.finance/

Liquidity Generation Event (LGE)

Kernel Vaults kickstarts KERNEL distribution through a Liquidity Generation Event. To participate in the LGE, investors will have to deposit DAI on the KERNEL Fair Launch smart contract via the event page on kernelvaults.finance. The launch date has not been determined yet.
The contributed DAI will be matched with the 10,000 KERNEL and added to the Uniswap liquidity pool forever. The participants of the LGE will receive the generated KERNEL/DAI LP tokens according to their respective share of the pooI.

Website: https://kernelvaults.finance/
Twitter: https://twitter.com/kernelvaults
Telegram: https://t.me/kernelvaultsfinance
Discord: https://discord.com/invite/57ZjWP5uCN