Ask about Kerne
Logo of KerneKerne
Total Value Locked$107.83

TVL by Chain

Base$107.83

Protocol Information

Kerne is a delta-neutral yield protocol on Base. The vault (ERC-4626) holds WETH collateral and runs a delta-neutral basis trade: stETH on the long leg, Hyperliquid perp short on the short leg.

CategoryBasis Trading
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Methodology

TVL: TVL is the USDC reserve held by the Kerne KUSDPSM contract on Base, which backs all circulating kUSD 1:1. This is the protocol's live, user-facing deposit surface and matches the published headline TVL at kerne.fi/api/stats.View code on GitHub

Competitors

BounceBit CeDeFi Yield ($307.85m)BitFi Basis ($222.58m)ZEROBASE CeDeFi ($56.54m)Theo Straddle Vaults ($5.13m)SoSoValue Basis ($2.97m)Umoja yBTC