When introducing Methamorphosis to my friends a few days ago, the author mentioned that my personal method of operation is to lock the ETH re-pledge tokens I hold into Karak in order to simultaneously ambush Karak’s airdrop share. Today I will briefly introduce why. What if I chose Karak?
1. Token airdrop expectations are clear
In this bull market cycle, re-staking protocols are the hottest track. Several protocols have released token airdrops to reward early users, including Ether.fi, AltLayer, BounceBit, Renzo, etc. If you missed these, here are Don't let Karak's airdrop opportunity pass you by.
2. Supported by luxury investment lineup
The investment and financing lineup is a key indicator for evaluating the airdrop potential of a project. Karak conducted a round of financing of US$48 million in April this year, with a valuation of up to one billion US dollars. In addition to well-known cryptocurrency institutions such as Lightspeed, DCG, and Pantera, Abu Dhabi-based Mubadala Capital has also participated in financing. I believe Karak will not disappoint investment institutions/retail investors.
3. Compared with competing products, it has unique advantages (product features)
The current re-staking protocols mostly focus on the liquidity tokens of the Ethereum ecosystem, which are relatively limited and not diversified enough. Karak has opened its doors to support up to six chains, and supports re-pledge from BTC and ETH to Pendle, LST, LRT, and stablecoins.
4. TVL has grown steadily and is currently second only to EigenLayer in the re-staking track.
As mentioned in the third point, Karak supports very diverse re-pledge options. Coupled with the incentives of the points system, TVL was once as high as 1 billion US dollars. After the recent market decline, TVL is still stable at 860 million US dollars, which is enough to see the market Confidence in it.
5. Points system
Finally, I would like to explain Karak’s points system. Each of the re-pledge options currently supported by the protocol may have different score multipliers. You can see if the re-pledge tokens you hold are suitable for allocation into the Karak ecosystem.
Since using Karak requires entering the invite code before entering private access to participate in the Karak ecosystem, if you are interested in using Karak, you are welcome to bind any code:
bzYhr、HhU4a、pgGnV、bjpDe、Qa2xC
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※For those who want to participate in the Methamorphosis mentioned in my previous articles, you can use my code: myronchiu to simultaneously ambush airdrops to achieve the effect of eating more than one fish!
※ The above content is purely personal sharing and is not sponsored. It does not constitute investment advice. Once again, I would like to remind you that participating in decentralized finance (defi) has its risks. Users are asked to DYOR and evaluate their own personal risks.
