In 2024, restaking once became a hot topic, and a large number of restaking protocols came out in droves, and various point activities were launched to attract airdrop hunters to deposit funds (PUA).
Are you tired of never-ending, useless re-pledge agreements? Let’s see how Karak switches from the re-staking track to the RWA track!
Karak latest update
2024/12 Andalusia Labs, the developer behind Karak, announced the completion of a US$48 million Series A financing. Lightspeed led the investment, and national sovereign fund Mubadala Capital, DCG, Bain, Pantera and other institutions continued to participate in the investment. The overall valuation is as high as US$1 billion.
In the same month, Karak announced the launch of Karak Network Stacks (KNS), planning to bring traditional financial market products onto the blockchain.
What advantages does KaraK have in the RWA track?
Karak started from the re-staking protocol, accumulating rich experience in shared security architecture in blockchain networks.
Participating institutions include the Abu Dhabi Sovereign Fund Mubadala Capital.
Author:
Real World Assets (RWA) is a relatively novel topic, transferring traditional market financial products onto the chain for trading through efficient, secure, and transparent blockchain technology.
However, the two biggest challenges facing the RWA track are: how to provide convincing security and how to attract traditional markets to participate.
Karak's experience operating in the re-staking track happens to complement the technical challenges of blockchain networks and node operations in terms of security; moreover, don't forget that Karak's investors include not only well-known venture capital firms but also Mubadala Capital, owned by the Abu Dhabi Emirate, perfectly filling the gap in national adoption and policy promotion.
Regarding this, according to the official announcement tweet, there are already cooperating countries adopting the KNS network, and more information can be awaited in future releases.
How can one participate in the Karak airdrop?
Those who have followed me before should be familiar; currently, Karak V2 supports six blockchains: Arbitrum, Fraxtal, K2, BSC, Mantle, and Ethereum. The assets that can be staked range from LST tokens to stablecoins, allowing users to accumulate airdrop points through deposits.
Author:
Just a reminder, there is a cooling-off period when withdrawing assets deposited into Karak, so immediate withdrawals are not possible. It is recommended that you do not deposit funds that you might need to use.
Additionally, Karak has been operating its points system for a long time, and the current TVL has reached 900 million USD. It is recommended that partners with larger asset amounts participate; otherwise, they may not receive much.
Summary
I have been following the Karak project for a long time, and I am very impressed by its continuous ability to attract attention (those in the Karak community should have experienced this).
But I have to say, Karak's investment lineup is quite impressive, and its BD capabilities are strong, aggregating many protocol assets. The TVL has also been steadily growing, making people fear they might miss out on this potential airdrop opportunity.
This transition, or extension into the RWA track, indeed has its inherent advantages (investment partners); among many re-staking protocols lacking practical examples, it has carved out its own path, and I believe it is worth paying attention to the subsequent development of Karak's KNS.
*Karak no longer requires an invitation code to participate! Everyone can evaluate whether to participate in the airdrop! If you have questions, feel free to discuss below.
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※ The above content does not constitute investment advice. Users should operate based on their own risk tolerance, DYOR and participate cautiously in the investment market.
※ The attached image is taken from Karak community tweets.