Hello everyone, and welcome to my weekly post! Today’s topic is about Karak new functionality and updates that has recently been added. Before we start check my previous two posts:
What is Karak and its massive update(14.04.2024) 👉 here
Why Karak is a tier 1 project with fruitful invest 👉 here
So what’s new?
Well, firstly Karak has gained 3x times its TVL! Now the TVL is about $500 millions (It was just 160 two weeks ago) as you can see in the bottom right corner
Secondly, there are a lot of new cool functions:
- BTC restaking has been added — you can now bridge wBTC (wrapped Bitcoin) to your assets!
2. NEW POOL — MANTLE NETWORK! There is an opportunity for you to collaborate with 1.5 multiplier within Mantle new mETH.
Mantle mETH is a Liquid Staking Token (LST) and a value-accumulating and permissionless ERC-20 receipt token that can easily be adopted by applications. Stake ETH to receive mETH. Unstake mETH to receive the underlying principal staked ETH and accumulated rewards. Please note this asset is on the Mantle network. Token address: 0xcDA86A272531e8640cD7F1a92c01839911B90bb0
You can see full description of every restaking pool on Karak website!
3. In Ethereum pools:
✅New collaboration of Karak and Pirex ETH! Added new liquid staking pool with pxETH and Karak XP rewards coming up!
✅ Magpie collaboration with Karak in liquid restaking section — mswETH rewards for everybody! There are not 1 but 3 new most popular types of ETH within Eigenpie where you can bridge your assets:
✅ The entire new Pendle section! Pendle’s Swell rswETH is the Principal Token for the rswETH pool on Pendle that is on the Ethereum Mainnet network.
✅ Wrapped Bitcoin section has been added. This token runs on the Ethereum blockchain and is intended to be backed 1:1 by Bitcoin. Please note however this asset is without any multipliers or additional features it may be suitable for more secure use as it is linked to Bitcoin.
4. In Arbitrum pools:
✅ Pendle staking has been added as in Etherium pool with well known ETH wrappings (e, rs, ez). Note that it is without multiplier however is in the use on Pendle (and Swell) blockchain
In conclusion, the statement that Karak is developing faster than any project is true, blockchain of which is going to be with lowest fees ever! I advise you to participate in the MASSIVE AIRDROP where everybody can take part and win some prizes. When bridging also don’t forget about xp multipliers and Karak collaboration points for some pools!
If you are not in Karak yet, join your fruitful 🍊 adventure — http://app.karak.network and enter one of those codes: tLdMY ; Uwgul ; DSVTp ; k04TJ ; 9H48E
Best wishes and have a nice day! 🙂