According to TechFlow, on July 31, according to official news, Chakra and Binance Web3 Wallet will jointly launch the Babylon pre-staking event at 08:00 (UTC) on August 1, 2024. This event provides participants with dual rewards of Babylon potential income and Chakra Prana, and the opportunity to receive rewards of other ecological tokens in the settlement system in the future. In the recent Babylon testnet event, Chakra, as the number one finality provider in the entire network, contributed 41% of the staking users in the entire network to the Babylon ecosystem.
Chakra is an innovative modular settlement infrastructure that uses zero-knowledge proof technology to ensure the security and efficiency of de-trust. By integrating decentralized Bitcoin liquidity, Chakra provides a more secure and smooth settlement experience. Users can easily stake Bitcoin with one click, use Chakra's advanced settlement network, and participate in more liquidity income opportunities including the Babylon ecosystem's LST/LRT project.
