Kerne Protocol is a delta-neutral yield infrastructure on Base. Users deposit ETH into noncustodial ERC-4626 vaults; an autonomous engine opens equal-sized perpetual shorts on Hyperliquid, neutralizing price exposure while capturing funding-rate income and LST staking yield. kUSD is the synthetic dollar minted via PSM at 1:1 against USDC; skUSD earns the live APY.