Karak raised $51.25 million in financing, including Pantera Capital, Coinbase and other big institutions

Valuation: 1 billion USD, once claimed to be a benchmark for EigenLayer

But it has not yet reached this level, and the current TVL is less than 65 million

There aren't that many people participating yet. It's an early stage project. Anyone with spare money can participate.

The strategy I recommend to everyone is to kill three birds with one stone: pledge Ethereum in sewll to obtain rswETH. This step can obtain $EIGEN rewards + $SWELL pearls (points), and then pledge rswETH to Karak to obtain 1.5 times Karak points!

Of course, if you don’t have Ethereum, you can directly pledge stablecoins and skip the previous steps.

Without further ado, let’s start the feature film:

Step 1: Stake ETH in Swell

https://app.swellnetwork.io/restake?ref=0xf4f952f68e8791e04f3824f13c90faddf7db538a

  1. Click Restake

  2. Enter the amount of ETH you want to stake

  3. Click Restake, and you will get SWELL pearls and EigenLayer points after completion.

You can check your EigenLayer points here

View your SWELL pearls here

Step 2:

https://app.karak.network/

Come to Karak official website

1. Link your wallet

2. Enter the INVI TE code: BEsnb nJ1ID lpYQd mQba7 zWmyE

3. Scroll down to find Restaked Swell ETH and click

4. Enter the amount of rswETH to be re-staked

5. Click Deposit and you're done

Go back to the home page and you can see your points and the rswETH you staked.

Special reminder: The strategy of "one fish, three kills" is only suitable for those who intend to hold ETH for a long time and can bear the risk of ETH's rise and fall.

Karak allows you to withdraw your pledged assets at any time, but there is a 14-day cooling-off period.

To exchange rswETH back to ETH, you have to wait for the official release of the cross-chain bridge. If you can’t wait, you can directly exchange it back to your ETH on uniswap, which will incur a little loss.

In short, if you find it troublesome or are worried about the rise and fall, you can directly deposit stablecoins in Karak and get points.

In addition, there are many friends who have done staking projects before and have assets such as WeETH rsETH ezETH mswETH mstETH pufETH, etc. They can deposit them and eat more fish.

Finally, I wish everyone to become rich soon!