🚀 Karak Receives $600 Million in Investment: An Early-Stage Staking Project Gaining Traction Overseas! Be Among the First in Korea to Participate

Hello, SEPOWER team.

Today, we'd like to introduce a staking project that is almost unknown in Korea, the very early-stage project 'karak'.

✅ Investment Attraction

• Coinbase Ventures, LightSpeed Ventures, Pantera, Mubadala, etc., have invested in the project.
• It's noteworthy that they received investment from MUBADALA, a UAE sovereign wealth fund.
• Received $48M in investment with a valuation of over $1B.
• The investment size and valuation are quite large.
• Assuming a 5-10% airdrop allocation and an opening FDV of 5B, an airdrop of 250M~500M is expected

✅ Checkpoints

• Karak is a project focused on restaking, which has recently been renewed.
• It is currently almost unknown in Korea, and it seems that early adopters are taking the lead.
• Risk management Layer 2 point staking project
• TLV is currently $147M
• Considering the investment size, the hype is still relatively low compared to other staking projects.
• It's a great opportunity because it's still in its early stages.
• Staking projects are better when they are in their early stages, and this is still a very, very, very early-stage project
• The investing VCs are good
• If you haven't participated before, you can stake your ETH or stablecoins you are currently using for restaking.

✅ What is restaking?

Simply put, it's the act of staking Ethereum (A), receiving a token that guarantees this Ethereum (A'), and then staking it in another place, repeating this process to earn points and generate additional income.It's the action of making your idle Bit/Ether/Stablecoin work these days.

✅ Notes

• Existing stakers will receive x2 points for a certain period.
• Existing users need to re-perform the Restaking Deposit to receive them.
• Staking is possible through Ethereum / Arbitrum / Karak mainnet.
• Currently, restaking assets are available through Swell, EtherFi, Renzo, Kelp, Puffer.
• rswETH from Swell (x3) / weETH from EtherFi (x2) / ezETH from Renzo (x1) / rsETH from Kelp (x1) / pufETH from Puffer (x1)
• Staking rswETH from Swell earns you x3 Swell Pearls (recommended!)
• How to participate using Swell will be explained.

⚡️ How to Participate

Easy and quick investment that anyone can do by following the steps carefully!

1️⃣ Link <- Click and connect your wallet.

2️⃣ Stake ETH and receive rswETH.

3️⃣ Karak <- Click and go to enter the invitation code below

25yDn
ZzjF7
Aq1Pt
tFVhe
gBf77

4️⃣ Click on 'Restaked Swell ETH' in Liquid Restaking at the bottom and DEPOSIT the desired amount.

rswETH is a token that Swell restaked, and it also gives you 'Swell Pearls'.

Triple farming is possible in this process (staking rewards + restaking rewards + points).

However, Swell only supports the Ethereum mainnet, so gas fees are quite high.

Unstaking is not possible for 14 days.

💬 Comment

• Although it may sound complicated, simply put, it's a form of staking asset A,
  receiving a guarantee asset A', and then restaking A' to farm.
• It would be good to learn about the concept of 'restaking' during this opportunity.
• The hype is still very low considering the investment size.
• It's a very early-stage staking project that's almost unknown in Korea, so the earlier you participate, the greater the potential benefits.
• The investing VCs are good, so we have high hopes.
• It may seem complex in words, but it's nothing once you try it.
• We always have vague fears about doing something for the first time. Just take the plunge and try it.
• Then you'll realize it's nothing.

Sepower Community Contact ↓