Karak is a cutting-edge Layer 2 blockchain focused on risk management, leveraging restaking, artificial intelligence, and developing secure applications for the next billion users.
Karak’s innovative architecture offers secure staking and restaking opportunities, allowing users to interact with Liquid Staking Tokens (LSTs), Liquid Restaking Tokens (LRTs), and Asset-backed Vaults (AVSs) while being protected from slashing risks.
The platform has successfully raised $48 million from notable investors, including Coinbase and Pantera Capital, and boasts a total value locked (TVL) of $900 million, with a valuation of $1 billion.
Karak Airdrop Overview
Karak has announced a significant airdrop campaign as part of its XP Program. By participating in the program, users can earn XP through various activities such as restaking assets and referring others to the platform.
These XPs could potentially be converted into Karak tokens if they launch their own token in the future.
Key Details:
- Funding Raised: $48 million from investors like Coinbase, Pantera Capital, Framework, and Lightspeed.
- Valuation: $1 billion.
- Total Value Locked (TVL): $900 million.
- XP Program: Earn XP by restaking assets and referring others.
- Potential Token Launch: XP may convert into Karak tokens upon future token launch.
Step-by-Step Guide to Participate in Karak Airdrop
Step 1: Register on Karak Network
- Visit the Karak Restaking Page.
- Enter any invite code mentioned below
- FAr8x
- rejCr
- 7bpwT
- 4ycyO
- XrL4R
Step 2: Connect Your Wallet
- Connect your Ethereum or Arbitrum wallet to the Karak platform.
- Supported wallets include MetaMask, WalletConnect, and others.
Step 3: Choose a Pool and Stake Tokens
- Select a pool to stake your tokens.
- Karak supports:
- Liquid Staking Tokens (LSTs): Lido (wstETH), Swell (swETH).
- Liquid Restaking Tokens (LRTs): Etherfi (weETH), Swell (rswETH).
- Stablecoins: USDC, USDT.
Step 4: Acquire Swell Tokens
- Obtain swETH by staking ETH on Swell.
- Get rswETH by restaking ETH on Swell.
- Participating in Swell makes you eligible for the Swell airdrop as well.
Step 5: Earn Rewards
- Earn staking rewards, EigenLayer points, and Karak XPs for staking assets.
- Additional XP can be earned by referring friends to the platform.
Step 6: Complete Galxe Quests
- Visit Galxe Quests.
- Complete available quests to earn more rewards.
Additional Information
- Snapshot Timing: The snapshot for the airdrop will be taken soon. Ensure you complete all activities promptly to be eligible.
- No Deposit Beyond Cap: Deposits are not accepted beyond the $1 billion cap.
- Speculative Token Launch: While there is no guarantee of a token launch, collecting XPs could be beneficial if Karak launches their token in the future.
- Stay Updated: Follow Karak on Twitter, Telegram, and Facebook, and subscribe to their newsletter to stay informed about new airdrops and updates.
Conclusion
Participating in Karak’s airdrop campaign offers a unique opportunity to earn rewards and potentially benefit from a future token launch. By following the steps outlined above, you can maximize your XP earnings and be part of Karak’s growing ecosystem. Don’t miss out on this chance to engage with a pioneering blockchain project and its innovative staking solutions.