Kerne

Kerne Protocol is delta neutral yield infrastructure built natively on Base. The protocol enables users to earn stable, market agnostic yield by combining two uncorrelated revenue streams: liquid staking token rewards and perpetual futures funding rate capture via Hyperliquid.

How It Works:

1. Users deposit ETH into noncustodial ERC 4626 vaults on Base

2. The autonomous hedging engine opens equal sized short positions on Hyperliquid perpetual futures, neutralizing all ETH price exposure

3. Users earn yield from funding rates plus staking rewards, reflected as vault share appreciation

Key Features:

• Delta-Neutral Architecture: Zero directional market risk

• ERC-4626 Vaults: Standard composable vault interface on Base and Arbitrum

• Cross-Chain via LayerZero V2: Seamless asset bridging between Base, Arbitrum, and Optimism

• Real-Time Solvency Verification: Block-by-block proof of reserves

• Automated Circuit Breakers: Sub-second risk management and depeg protection

• Insurance Fund: Protocol revenue allocation for tail risk coverage

• ZIN (Zero-Fee Intent Network): Intent-based liquidity aggregation

Deployed and verified on Base mainnet. 150+ passing smart contract tests.