Bitcoin re-staking protocol Chakra completes new round of financing, StarkWare and others participate
On April 30th, it was announced that Chakra, a Bitcoin re-collateralization protocol based on zero knowledge technology, has completed a new round of financing on the X platform. StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs, and others participated, but the specific amount and valuation information has not been disclosed. Chakra allows users to collateralize Bitcoin while retaining asset ownership, enabling users to participate in PoS blockchains (including Bitcoin L2) consensus and governance, and promoting the creation of derivatives that interact with DeFi applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin (DOGE) Founder Makes Mind-Blowing DOGE Proposal for the US
Dogecoin founder Billy Markus, in his statement on X, made a Dogecoin proposal for the US administration.
Why are Altcoin Sluggish? Analysis Company Reveals the Forecast Course of Altcoins for the Next Period
Cryptocurrency analysis company Alphractal evaluated the latest status of altcoins in its statement. Here are the details.
Memecoins Outshine Crypto Market with 103% Gains in a Month
Tether Issues $1 Billion in USDT on Tron Network, Boosting Liquidity
Trending news
MoreCrypto prices
More
