Karak 🍊
@Karak_Network
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The universal restaking layer powered by the entire cryptoeconomy. Backed by @Mubadala @Coinbase @LightspeedVP @BainCapVC @DCGCo @PanteraCapital @hiFramework .
Ethereum
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Pinned Tweet
Salam
We recently announced our $48M Series A at $1B+ to accelerate universal security for
@Ethereum
and beyond
Today we're excited to provide a peek into the Karak endgame
The universal restaking layer powered by the entire cryptoeconomy across every asset and every chain 🍊
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Salam
1) We raised $48M at $1B+ from the best in the world
2) The Risk Management L2 accelerating
@Ethereum
with modular security is now in Mainnet Early Access
3) Karak XP Early Access Program is now live, fruitful details at the end
Three piece with a cup of Karak 🍊
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Salam
[Alpha enclosed in 🧵]
We're excited to continue Karak's modular security expansion with
@CelestiaOrg
underneath✨🍊
As one of the first L2s on Celestia, we designed a custom batcher with the best blob inclusion rates in the industry, saving over $800k+ in fees
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Modular Security Expansion
Imagine restaking for rollups using
@CelestiaOrg
underneath
Powered by
@Karak_Network
@Hyperlane_xyz
@stride_zone
More alfalfa coming soon to a blob near you
Blobular Acceleration🍊
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Salam
We're excited to introduce USDe restaking with
@ethena_labs
USDe users can restake USDe and earn Karak XP and 20x Ethena Sats up to 100M of USDe all on top of USDe native staking rewards
Everyone eats in the Kingdom of Karak🍊
Restake now:
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all are equal in the house of karak
everyone eats here
do not miss out
restaking revolution
more details coming soon
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imagine a world where every rollup and application is natively secured from day 1
imagine a world where every developer can innovate while protecting their earliest adopters
imagine when the orange ones find out about [redacted]
imagine the smell🍊
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Salam Rak Rangers
Season 5 Early Access XP is live
Season 5 maintains boosted, time-weighted XP calculated daily
The deadline to participate in Season 5 is Wed 4/3 5PM UTC, subject to potential changes
Bridge here:
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Salam Rak Rangers
Yesterday we soft launched Karak Private Access and grew to over 100M+ TVL in less than 24 hours
Due to this rapid growth, we also wanted to take a moment to reclarify and discuss the utmost priority to us as a community
Security
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We're thrilled to officially announce our partnership with
@Hyperlane_xyz
Hyperlane makes it easy to connect every rollup
Karak makes it easy to secure every rollup
Modular Security Expansion⏩🍊
Bridge ETH and USDC here:
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Salam Rak Rangers
Season 3 of the Early Access XP Program is live
Season 3 maintains boosted, time-weighted XP calculated daily with ETH earning even more XP now
The deadline to participate in Season 3 Wed 3/20 5PM UTC
Bridge ETH and USDC here:
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Attention Rak Rangers
Season 2 of the Early Access XP Program is now live
Season 2 introduces boosted, time-weighted XP calculated daily alongside more bridgeable assets
The deadline to participate in Season 2 Wednesday 3/13 5PM UTC
Bridge here:
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Salam Rak Rangers
Season 6 Early Access XP is live
Season 6 maintains boosted, time-weighted XP calculated daily
Please note that there was system maintenance on XP yesterday which is being computed right now.
Can now bridge here:
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greetings friends 大家好
campaigns for the zealous rak rangers
available only for the next few weeks
you wanted more XP, here is more XP
visit with haste:
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lord weave patience into our souls
for one more week until [redacted]
security by everyone, for everyone
led by the orange ones
inshallah
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Weekends are for shipping
We're excited to announce our integration with
@fraxfinance
For the first time, the Frax community can restake and earn up to 10M+ FXTL points alongside Karak XP for sFRAX and sfrxETH deposits
Only on Karak🍊
Restake here:
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salam
chef kepe has been busy cooking [redacted]
nourishment for the orange army is imminent
nourishment for everyone is imminent
nourishment is imminent
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Weekends are for shipping x2
Underdogs don't sleep they grind
We're excited to integrate
@pendle_fi
and enable users to restake their PT's from
@swellnetworkio
@ether_fi
@KelpDAO
on Karak and earn Karak XP on top of their PT yield
Restake here:
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Salam
Welcome ███ to the Kingdom of Karak
Where apxETH users can restake and earn Karak XP on top of their BTRFLY rewards
Exclusively on Karak🍊
Restake now:
First restaking ███ for $apxETH ██.
Ethereum's highest yielding LST is live on
@Karak_Network
🍊
Restakers will earn Karak XP and $BTRFLY rewards.
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Weekends are always for shipping
To celebrate the halving, we're thrilled to announce that for the first time ever, users can restake BTC via wBTC and earn Karak XP on top
Koyboys and Bitcorners, brothers in arms
Exclusively on Karak🍊
Restake now:
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Salam
As security remains our top priority at Karak
We're excited to share that we completed our second audit with
@PashovAuditGrp
led by
@pashovkrum
and his talented team
@0xT1MOH
@rvierdiiev
@UnforgivenCode
Building together over the past several weeks has been fruitful🍊
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Salam
Karak XP Early Access Program FAQ
If you haven't bridged already, you probably should
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the universal restaking layer powered by the people across every asset and every chain
this is not academic theory or ancient mythology, we are already building it
study what happens when you don't listen to the people
study 1775
can't wait to restake my wif
@0xZeno__
@TrustlessState
@eigenlayer
This innovation is being brought to you ONLY by
@Karak_Network
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thinking about [redacted]
led by the devout orange ones
study tectonic shifts
salam
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Karak with extra 🥧
We're excited to announce our integration with
@magpiexyz_io
Magpie users can now restake mswETH, mstETH, and mwBETH to earn Karak XP on top of their Eigenpie points and native staking rewards
Exclusively on Karak
Restake now:
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Long term plays with long term frens
We're excited to support
@ether_fi
's new long-dated eETH pool on
@pendle_fi
(Dec 2024 maturity)
@ether_fi
users can restake their PTs on Karak and earn Karak XP on top of their PT yield
Only on Karak🍊
Restake now:
Weekends are for shipping x2
Underdogs don't sleep they grind
We're excited to integrate
@pendle_fi
and enable users to restake their PT's from
@swellnetworkio
@ether_fi
@KelpDAO
on Karak and earn Karak XP on top of their PT yield
Restake here:
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👀🍊🔜
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Saved the best for last
Don't think we forgot our friends
@RenzoProtocol
We're thrilled to enable
@RenzoProtocol
users on
@pendle_fi
to restake their PTs on Karak and earn Karak XP on top of their PT yield
ez yield + ez XP for everyone🍊
Restake now:
Weekends are for shipping x2
Underdogs don't sleep they grind
We're excited to integrate
@pendle_fi
and enable users to restake their PT's from
@swellnetworkio
@ether_fi
@KelpDAO
on Karak and earn Karak XP on top of their PT yield
Restake here:
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Salam Rak Rangers
What a week for the devout orange ones
Following up on our post from this week:
We’re glad that all of our partners are aligned and in the loop but at the end of the day, there’s nothing more important to us than our community.
Risk Harbor foundation was…
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even the phds didn't predict this one
koyboys are built for crunch time
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Salam Rak Rangers
Season 4 Early Access XP is live
Season 4 maintains boosted, time-weighted XP calculated daily
The deadline to participate in Season 4 is Wed 3/27 5PM UTC, subject to potential changes
Bridge here:
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Karak fixes this
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Salam
We're excited to introduce our first chain integration with
@0xMantle
and accelerate our vision of bringing universal restaking to all
Mantle users can restake mETH and earn 2x Karak XP (yes 2x!) and native staking rewards
Native restaking on Mantle, powered by Karak🍊
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Salam
We're excited to introduce our first LRT on Karak with
@swellnetworkio
@swellnetworkio
users can now earn Karak XP by bridging rswETH to Karak and earn Karak XP on top of their Staking yield + Eigenlayer Points +
@swellnetworkio
pearls
Bridge now:
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Attention Rak Rangers
Due to the overwhelming demand from users wanting to participate in the Bonus Week Phase of Early Access XP
We are extending the deadline to Wednesday 3/6 5PM UTC
Bridge here:
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this is just pregame
imagine the smell when the gates open
just imagine
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salam
community potluck this week
something something expansion
just know karak squad eating good
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To maintain your XP ensure that your funds remain bridged
[redacted] is in the final stages and coming next week
The orange chefs are cooking with haste
The future is fruitful🍊
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2) Karak Mainnet Launch Early Access: Accelerating
@Ethereum
with Modular Security
Karak is the risk management Layer 2 blockchain supercharging restaking, AI, and a new generation of secure applications designed for the next billion users
Karak, the keystone to security
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In the meantime get comfy
Huge launch soon
Perhaps even some alfalfa to come this week
The future is fruitful 🍊
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3) Karak XP Early Access: Like double XP weekend but early beta
Early Access is invite only and only available for a very limited time
Visit
A few codes to kick things off
- UWS6T
- NKADM
- 6JGUT
- ZMNRT
- 95UTA
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1) $48M at $1B+
We're thrilled to welcome
@LightspeedVP
and
@MubadalaCapital
, the asset management subsidiary of
@Mubadala
, a $280B sovereign wealth fund in Abu Dhabi
And huge shoutout
@joeykrug
@pythianism
@im_manderson
@santiagoroel
for their unwavering support
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Karak already ranks top 3 in the number of blobs posted on Celestia, highlighting how a high-throughput modular DA enables unique, hypersecured rollapps to scale
And very soon, we will be unveiling [redacted], a new layer of security for rollups on Celestia⛓️🛡️👀
Stay tuned🍊
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Quote the first tweet in this thread with why Karak is exciting. We will give boosted XP to 20 random QTs
Make sure to
- Follow
@Karak_Network
- Join Discord:
- Visit:
- Guide:
The future is fruitful 🍊
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Once you have access, bridge assets like ETH and USDC to earn XP, as well as refer other users to get boosted XP ahead of Mainnet Open Access in the coming weeks
Early Access users get more XP based on how much they bridge and who they invite
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To maintain your XP ensure that your funds remain bridged
We will be unveiling [redacted] next week, but it is not what you think
Think bigger, much bigger
Stay tuned🍊
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Plus of course
-
@coinbase
-
@PanteraCapital
@dan_pantera
@veradittakit
@FranklinBi
@hiFramework
-
@BainCapVC
@stefancoh
-
@DCGco
@Matthew_C_Beck
-
@NimaCapital
-
@naval
-
@njess
-
@APompliano
-
@ashleighschap
-
@nikil
+
@thejoelau
and many more
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Karak sequencer fees and native yield unlock a native protection flywheel where network security scales with network usage
Native protection inception
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As mentioned previously, security is our constant priority and a highly iterative process that we are always aiming to improve
We'll be announcing additional security initiatives in the coming weeks
Stay tuned for more alfalfa
Check out our docs here:
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We also want to highlight the team is doxxed and backed by the best partners and investors in the world
We're excited to continue building our lofty vision of what restaking should be, and that's bringing open, permissionless restaking to the people
Real open innovation
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Karak is excited to announce that Karak Private Access is now live!
Private access is only accessible with an invite and those who join and restake earn Karak XP
Figure out how to get an invite code
If you are having a hard time finding one, drop by our Discord
*Hint: ZYYN1*
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Karak embeds modular security at the network layer allowing for developers to never sacrifice innovation for security, and enabling them to launch hypersecure applications and rollapps that are safe for users on day 1
Hypersecure rollapps from day 1, for everyone, everywhere
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And very soon, Hyperlane will be helping facilitate a first-of-its-kind security product to supercharge the modular security expansion
Available exclusively only on Karak
More alpha to come soon
Stay tuned⏩🍊
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Caution 🚨
Karak does not currently have a token - anyone else posing as the Karak project is phishing and spam
Always confirm information with official channels first
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Please note
This is merely Season 2 of the Early Access XP Program
But to maintain your XP ensure that your funds remain bridged
And participation in Season 3 of the Early Access XP Program will be fruitful 🍊
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Karak was built by crypto natives and a team with experience across Coinbase, Google, AWS, Microsoft, Twitter, Goldman Sachs, and raised $48M at $1B+ from the best in the world
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Assets, chains, distributed secure services
All will completely revolutionize the current landscape
Together we will win🍊
Get started now:
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To maintain your XP ensure that your funds remain bridged
Very soon we will be unveiling [redacted]
But [redacted] isn't what you think, think bigger, much bigger
Stay tuned🍊
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Our approach to engineering and writing smart contracts is to keep it simple, readable, and build on battle-tested components
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Also note that past K2 bridgers XP will be migrated onto the new Karak app, but you must deposit and restake your assets on the Karak app to maintain your XP
In the meantime, we will be unveiling huge announcements in the coming weeks
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the de facto sandbox for all DSS's to develop, test, and launch mission-critical protocol upgrades before having to enshrine services on the L1
Moreover, by adding custom precompiles that enable even more validators to validate DSS's...
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These applications, protocols, and distributed secure services use cases range from chains and rollups to ZK Provers and AI Coprocessors, as well as several novel DSS's to be announced in the coming weeks
If you're a talented team, please drop us a message
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K2 is providing the leading infrastructure that will allow for services to become more decentralized than ever before
Universal security begets infinite innovation
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Over the past several months, we have built a great relationship with
@bytes032
and his world-class team
@milotruck
@HollaWaldfee100
at
@RenascenceLabs
Among many things, they provided support in auditing K2 (L2 built for Karak) as well as leading the audit for Karak Restaking
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For a limited time only, users can earn Karak XP on top of PT yield
Who benefits?
- Pendle rswETH PT stakers
- Pendle weETH PT stakers
- Pendle rsETH PT stakers
Available on both Mainnet and Arbitrum
A fruitful future for the orange ones is imminent🍊
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Additionally, K2 is a risk management L2 currently built on top of Karak that will leverage services provided by distributed secure services
As performing operations and activities on the L1 can be prohibitively expensive for both developers and users, K2 will also serve as...
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Why restaking for everyone?
Karak makes it easy to provide cryptoeconomic security with any asset, unlocking a new design space for developers to seamlessly and securely create innovative infrastructure designs
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Restake here:
Please note this campaign is only available for the next month
Points will be reflected on the Frax site later in the week but will be applied retroactively
Much more alpha to come soon for the orange ones🍊
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Hyperlane is the first interoperability layer that enables you to permissionlessly connect any blockchain, out-of-the-box
Hyperlane's permissionless interoperability powers Karak's interchain communication across blockchains like Arbitrum, Optimism, and many more to come soon👀
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One issue that some users have been experiencing is the issue of seeing a Blockaid warning on MetaMask when depositing into certain pools
To reiterate, the contracts are safe and verified on Etherscan
We are working on resolving this misunderstanding on some of the pools
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In the end, the security of a restaked protocol is measured by the dollars of economic security
These dollars can be provided in assets beyond ETH without sacrificing security
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Many assets have lower opportunity costs versus ETH, meaning the Distributed Secure Service (DSS) has an easier and much more viable path to sustainable yields
In an ETH-only environment, a DSS has to compete against every ETH yield opportunity with a new, novel risk profile
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We'd also like to take a moment to thank our partners
@swellnetworkio
@ether_fi
@RenzoProtocol
@KelpDAO
@puffer_finance
and many others for their unrelenting support in helping build the universal restaking layer for everyone, powered by everyone
This was truly a group effort
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Karak changes this
Karak enables users to repurpose their staked assets to extend Ethereum as well as other trust networks' security to other applications
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Karak also enables protocols to tap into robust and secure trust networks from day one, making the process of bootstrapping security more scalable, accessible, and affordable
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Once you have access
You can deposit and restake LSTs, LRTs, and a variety of other assets on different chains such as Ethereum Mainnet, Arbitrum, and Karak's K2
By doing so, you can earn Staking Rewards + Restaking Rewards + Restaking Points + LRT Points + Karak XP at once
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However, security is a perpetual priority and a constantly iterative process
So to that effect, we will be going under another audit this week
The security of the protocol will not stop there, we'll be announcing additional security initiatives in the coming weeks as well
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As developers get access to trust networks in different ecosystems, not only are they empowered to create powerful applications, protocols, and distributed secure services (DSS) that have never existed before, but are also able to supercharge current services that exist today
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By bringing native restaking to Mantle, Karak brings a new wave of innovation to one of the fastest growing ecosystems in the industry with a thriving community
Get started here:
And this is merely the beginning
Accelerate🍊
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The current deployments are verified on Etherscan public on Github, and governed by a multisig and 2-day timelock for maximal security which you can read more about in the docs here:
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Private Access members get more XP based on how much they deposit and restake as well as who they invite
Make sure to share your code with others to earn boosted XP
Please note, Private Access will be around for a very limited time only
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Please note that
This is merely Phase 1 of the Early Access XP Program
But to maintain your XP ensure that your funds remain bridged
And participation in the next Phase (TBA) of the Early Access XP Program will be fruitful 🍊
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Powered by Karak 🍊
1) The future is restaked 🚀
Secured by
@SlashProofOrg
🔒
Powered by
@Karak_Network
🍊
We are excited to announce that SlashProof Testnet is live on Karak!
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