Disclaimer: We kindly inform our readers that Karak is a newly inaugurated network currently in its early access stage. We strongly advise all participants to conduct thorough research and exercise diligent risk management practices.
Introduction
Karak, a pioneering Layer 2 solution developed atop the Ethereum blockchain, focuses on enhancing risk management, restaking, AI integration, and modular security.
Endorsed by industry giants such as Lightspeed VP, Coinbase, Pantera Capital, and Naval, among others, Karak has swiftly garnered significant attention, evidenced by its recent fundraising achievement of $48 million at a valuation exceeding $1 billion. (Source: @Karak_Network)
In its early access phase, Karak offers users the opportunity to accrue XP through network engagement. However, the specific application of XP and the potential for a future token release remain unconfirmed at this time. Our engagement with Karak is driven by the strategic advantage of early participation, bolstered by the credibility of its high-profile backers.
Getting Started
Navigate to karak.network and you will be met with the following page:
To gain early access and start earning XP, you will require an invite code. Here are a few to get started with:
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For transparency, these codes are my own and I will earn XP based on what you bridge over. If these have already been claimed, you will need to acquire a code from somebody else.
Once you’re in, you are required to link your Twitter and Discord accounts to prevent self-referral. You will then need to connect your EVM wallet, allowing it to verify whether you have bridged any funds, which, at this stage, you likely have not.
Bridging
The bridging process is very intuitive. Just connect your ETH wallet, specify the amount you wish to bridge, and the system will automatically handle the transactions for you. Currently, the assets eligible for bridging include ETH, USDC, and rswETH.
After completing the bridge, you can access your assets on the Karak Network by importing it into your Metamask wallet using the provided details:
Network Name: Karak
RPC: https://rpc.karak.network/
Chain ID: 2410
Currency Symbol: ETH
Block Explorer: https://explorer.karak.network/
Unlike other network launches, you still maintain the ability to bridge your funds off Karak if you decide to. However, you will forfeit your XP by doing so.
Earn XP
Once bridged you will see your XP Dashboard. You will earn XP for:
- Amount you bridge over
- Amount your referees bridge over
- Interaction with ecosystem dApps and Karak Tweets
- There is currently no XP to be earned from using Kekswap
Bonus XP Program
Karak is currently running a Bonus XP incentives program which comes to an end on Monday, March 4th at 11:59pm UTC. After that, Karak will enter the next phase of the XP program.
All known information regarding the Karak Network can be viewed in their docs here.