Kerne

Kerne is live on Base. The first kUSD was minted via the on-chain PSM on May 14. 1:1 USDC backed. Thread on what kUSD is, what you can verify, and what is next. 🧵

so don't trust us. check us. signed proof of reserves: kerne.fi/api/por/signed every contract public on basescan the repo, one command verifies all of it: github.com/kerne-protocol legible by construction. kerne.fi

one honest caveat, because disclosed beats hidden. our psm values usdc at 1:1 by design, so it doesn't independently price a usdc depeg. we'd rather you know that now than find it in an exploit writeup later.

every synthetic dollar that blew up this cycle blew up in the same place. somewhere you couldn't see. not the mechanism. the trust model. a thread on what actually killed them, and why kUSD is built so you never have to take our word for it.

The question for any synthetic dollar after this cycle: can you check the backing yourself? Kerne publishes a signed Proof of Reserves every hour. Vault assets, Hyperliquid hedge equity, PSM backing, verifiable against the published signer. kerne.fi/api/por/signed

100 million Coinbase users are meeting their first synthetic dollar on Base. USDe is the category leader. Its backing lives with custodians. kUSD is Base-native, with backing on-chain that anyone can check. Same mechanism, different trust model: kerne.fi/kusd-vs-usde

The synthetic dollar is being validated at the top and stress-tested in the middle. Coinbase is distributing Ethena yield on Base. Resolv was left insolvent by one compromised key. Funding compressed into single digits. Field report, receipts first: kerne.fi/insights/synth…

Next up: 1. Spectra PT and YT for skUSD 2. DefiLlama yields page (PR open) 3. Aerodrome kUSD/USDC stable pool 4. KerneVault v2 kerne.fi discord.gg/Xx8TSuWrCA

Hourly signed Proof of Reserves. Every cycle, the strategist EOA signs a JSON attestation of vault assets, Hyperliquid hedge equity, and PSM backing. The signature can be recovered against the published signer. kerne.fi/api/por/signed #signed-por" target="_blank" rel="nofollow noopener">kerne.fi/transparency#s…

Kerne is live on Base. The first kUSD was minted via the on-chain PSM on May 14. 1:1 USDC backed. Thread on what kUSD is, what you can verify, and what is next. 🧵

What you can verify, no permission needed: /api/apy: live yield /api/stats: protocol state /api/por: on-chain + off-chain reserves /api/por/signed: hourly signed JSON /api/risk-status: live exit triggers Admin is the 2-of-3 Safe. All at kerne.fi

@mcpar4 You can reach us through X/Twitter (DM) or by email at kerne.systems@protonmail.com

@KerneProtocol Want to send email to Tim. Yours for kerne does not work?

Wrapping up the final details of our new website. We can't wait to share it with you Should be up within the next 2-4 days Changes to look forward too: Addition of Opal Rewards Overhaul of design and general ease of use Condensed information and easier language

@Evcomics1 Hey, we have a discord discord.gg/Xx8TSuWrCA Come check it out!

@KerneProtocol Sounds interesting any chance theres a discord server or TG ?

Something big is coming. Opal rewards. Drop a ❤️ if you’re ready Stay tuned. 👀 #DeFi #Kerne #Base