Karak is the risk management Layer 2 blockchain supercharging restaking, AI, and a new generation of secure applications designed for the next billion users. Karak introduces a new product architecture allowing for users and developers to benefit from secure staking and restaking. Rollapps are natively built on rewards generated from productive assets and users can comfortably interact with LSTs, LRTs, and AVSs to earn rewards while being secured from slashing risks.

Karak has raised $48M in funding from investors like Coinbase and Pantera Capital and has launched an XP campaign. Users who sign up and stake LSTs from Ethereum, Arbitrum or Karak to Karak will earn XPs. Also, earn more XPs from each referral. They don’t have their own token yet but are very likely to launch one in the future. The XPs would likely be converted to their token if the token goes live.

Step-by-Step Guide:
  1. Visit the Karak restaking page.
  2. Enter the invite code “bkaaC” (case sensitive) and sign up.
  3. Now connect your Ethereum or Arbitrum wallet.
  4. Now select a pool and stake your tokens.
  5. Karak now supports liquid staking tokens like Lido (wstETH) and Swell (swETH), liquid restaking tokens such as Etherfi (weETH) and Swell (rswETH), as well as stablecoins like USDC and USDT.
  6. You can get swETH by staking ETH and rswETH by restaking ETH on Swell. You will also thereby become eligible for the Swell airdrop.
  7. You will earn staking rewards, EigenLayer points as well as Karak XPs for staking assets.
  8. Also, earn more XPs for referring your friends.
  9. They don’t have their own token yet but are very likely to launch one in the future.
  10. Users who collect XPs will likely get an airdrop if their token goes live.
  11. For more information regarding the campaign, see this tweet.
  12. Please note that there is no guarantee that they will do an airdrop or launch their own token. It’s only speculation.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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