ksETH, krETH, kUSD and kINDX

Kernel introduces kAssets; LRTs that are backed by baskets of assets that share two attributes in common - their price beta and being restakable on Karak. To begin with there will be 3 Karak-native LRTs offered by Kernel Protocol, namely:

ksETH: ksETH is mintable against any LSTs that are restakable on Karak. Users can deposit their LSTs onto Kernel Protocol, where they will be restaked on Karak and then the user will be given an equivalent quantity of ksETH tokens, representing their Karak-restaked holdings.

krETH: krETH is mintable against any LRT that is restakable on Karak. Users can deposit their LRTs onto Kernel Protocol, where they will be restaked on Karak and then the user will be given an equivalent quantity of krETH tokens, representing their Karak-restaked holdings.

kUSD: kUSD is mintable against any approved USD-pegged asset currently being restaked on Karak. Users can deposit their USD-pegged assets onto Kernel Protocol, where they will be restaked on Karak and then the user will be given an equivalent quantity of kUSD tokens, representing their Karak-restaked holdings.

Once the above use-cases have been proven out, Kernel Protocol will also be introducing:

kpETH: kpETH can be minted using any Pendle PTs that are restakable on Karak. Users can deposit their Pendle PTs onto Kernel Protocol, where they will be restaked on Karak and then the user will be given an equivalent quantity of kpETH tokens, representing their Karak-restaked holdings.

and

kINDX: kINDX is a unique free-floating derivative that is mintable against various approved Karak-restaked assets that do not fit into the above categories - it acts as a generalized index fund for Karak that permits exposure to the entire ecosystem in a click.