Hello, SEPOWER team .

Today, we'll introduce you to a very early-stage project, 'karak' , which is almost unknown in Korea.

✅ Fund Raising

• Coinbase Ventures, LightSpeed Ventures, Pantera, Mubadala, etc. have invested in this project.
• Especially noteworthy is the investment from MUBADALA, a UAE sovereign wealth fund.
• $1B+ valuation was received and $48M was invested. .
• The investment size and valuation are very large.
• Assuming an opening FDV of 5B and an estimated airdrop allocation of 5-10%, an airdrop of 250M~500M is expected

✅ Checkpoints

• Karak has recently been revamped as a project focused on restaking.
• It is currently almost unknown in Korea, and it is considered to be done by early pioneers.
• Risk Management Layer 2 Point Deposit
• The current TLV is $147M.
• Considering the investment size, the hype is still very low compared to other deposit metas.
• That's how early it is, which means it's an opportunity.
• Deposit metas are better the earlier you get in, and it's still very, very, very early-stage deposit
• Investment VCs are good.
• If you haven't participated before, you can deposit your existing restaking ETH or stable coins that you use.

✅ What is restaking?

Simply put, it's the act of staking Ethereum (A), receiving a guarantee (A') for that Ethereum, and repeatedly depositing it elsewhere to earn points, etc., to generate additional revenue. It's like making your idle Bit/Eth/Stable Coins work these days.

✅ Notes

• Existing depositors will receive x2 points for a certain period of time.
• Existing users need to re-do the Restaking Deposit to receive it.
• Staking is possible through Ethereum / Arbitrum / Karak mainnet.
• Restating assets are currently Swell, EtherFi, Renzo, Kelp, Pufferare possible.
• Swell's rswETH is (x3 times) / EtherFi's weETH (x2 times) / Renzo's ezETH (x1 time) / Kelp's rsETH (x1 time) / Puffer's pufETH (x1 time).
• Swell's rswETH gives you x3 Swell Pearls when you stake it (Recommended!)
• How to participate with Swellwill be explained.

⚡️ How to participate

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

1️⃣ link <- Click and connect your wallet.

2️⃣ Stake ETH and receive rswETH

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

25yDn
ZzjF7
Aq1Pt
tFVhe
gBf77

4️⃣ Click 'Restaked Swell ETH' in the Liquid Restaking section at the bottom and DEPOSIT as much as you want.

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

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

However, Swell is only available on the Ethereum mainnet, so gas fees are quite high.

Unstake is not possible for 14 days.

💬 Comment

• While it may sound complicated, it's simply a form of
  depositing A assets, receiving A' assets as collateral, and then depositing A' to farm.
• It would be good to familiarize yourself with the concept of 'restaking' this time.
• The hype is still very low considering the investment size.
• This is a very early-stage deposit that is almost unknown in Korea, so the earlier you do it, the greater the benefit.
• Investment VCs are also optimistic about this project.
• It's really just a matter of words, but it's nothing once you try it.
• We always have a vague fear of doing something for the first time. Just close your eyes and go for it.
• Then you'll realize it's nothing.

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