Karak is the universal restaking layer that makes it easy to provide cryptoeconomic security with any asset & unlocks a new design space for developers to seamlessly and securely create innovative infrastructure designs.
Karak enables protocols to tap into robust and secure trust networks from day one, significantly lowering the barrier to securing new protocols and eliminating the need for protocols to incentivize their own validator sets with a highly dilutive reward mechanism, making the process of bootstrapping security more scalable, accessible & affordable.
You are now restaked and earning points on your assets.
Note that for security reasons, the withdrawal period takes 14 days and cannot be reversed.
Fundamentals
Karak enables users to repurpose their staked assets to extend Ethereum as well as other trust networks' security to other applications.
Stakers can allocate their assets to a Distributed Secure Service (DSS) on the Karak network and agree to grant additional enforcement rights on their staked assets
With Karak, developers can make it attractive for validators to choose their projects through simple, non-dilutive incentives,This significantly reduces the financial and temporal investment required compared to building a new trust network from scratch.
Karak's universal restaking facilitates enhanced bootstrapping & composability across various networks.
Potential Rewards
Karak XP Program is a special program where users can earn Karak XP in exchange for restaking assets & referring others to restake assets on Karak.
Restaking assets on Karak, the sooner you restake assets and the longer your assets remain restaked, the more XP you will get.
Referring others to Karak, refer to as many people as possible with your invite code for more XP. You get a 10% XP from the amount of XP your referral accumulates on Karak.
Early bridgers also get a 2x multiplier on their deposits.
Karak is building generalized restaking like Eigenlayer but across different assets (LSTs, LRTs, USDC). The higher Eigenlayer + LRTs go, the higher KARAK goes.
Currently there is no information available on tokonomics, but by looking at recent airdrops on LST protocols, they'll allocate at least 5-10% for airdrop. Then the airdrop value can be worth around $200M-$300M. We will get a more clear scenario after the release of tokonomics and governance.
Investors
Coinbase Ventures
Pantera Capital
Lightspeed Venture Partners
Framework Ventures
Audit
Audited by Renascence Labs - April 1, 2024
Restaking Methods
Liquid Staking/Restaking: Users have the option to restake by depositing their Liquid Staking Token (LSTs) or Liquid Restaking Tokens (LRTs) into Karak smart contracts.
Stablecoins: Another novel method is giving users the ability to restake by depositing their stablecoins into Karak smart contracts. Validators can take stablecoins that have already been staked in protocols like sDAI & restake these assets on Karak.
Supporting Tokens
Ethereum
Liquid Staking
Lido (wstETH)
Rocket Pool (rETH)
Mantle (mETH)
Binance (wBETH)
Coinbase (cbETH)
Swell (swETH)
Stader (ETHx)
Polygon
Liquid Staking
Lido (wstETH)
Hybrid Strategy
Stake ETH on Arbitrum on Renzo protocol, Receive ezETH
Stake ETH on Ethereum on swell protocol, Receive rswETH
Stake ETH on Arbitrum on Etherfi, Receive eETH
Features
Multiasset Restaking: Karak introduces multiasset restaking, a new primitive in cryptoeconomic security allowing users to restake assets such as ethereum, liquid staking tokens, stablecoins, and more to earn rewards.
Restake Anywhere: Karak impliments the ethos of universal restaking, which streamlines the bootstrapping of security and network composability while making secure restaking infrastructure accessible to everyone, everywhere.
Turnkey Development: Karak enables unique systems to tap into robust & secure trust networks from day one, significantly lowering the barrier to securing new protocols and eliminating the need for protocols to incentivize their own validator sets with a highly dilutive reward mechanism.
Non-Financial Advice
Research: Explore project's documentation, audits, and community.
Understand risks: DeFi has vulnerabilities, market volatility, and token fluctuation.
Invest wisely: Only invest what you can afford to lose.
Beware of scams: Don't trust unsolicited outreach or guaranteed returns.
*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.
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Table of Contents
Introduction
Tasks
Fundamentals
Potential Rewards
Restaking Methods
Supporting Tokens
Hybrid Strategy
Features
Non-Financial Advice
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