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Bitcoin re-staking protocol Chakra Chain completes new round of financing, StarkWare and others participate

Bitcoin re-staking protocol Chakra Chain completes new round of financing, StarkWare and others participate

Bitget2024/04/30 07:48

Golden Finance reported that Chakra Chain, a Bitcoin re-staking protocol based on zero-knowledge technology, announced the completion of a new round of financing, with StarkWare, ABCDE Labs, Bixin Ventures, Cogitent Ventures, Trustless Labs and others participating in the investment. The specific amount and valuation information have not been disclosed. Chakra allows users to securely pledge their Bitcoin while retaining ownership in their wallets, allowing users to participate in the consensus and governance of various PoS blockchains (including Bitcoin L2), and promotes the creation of derivatives that interact with DeFi applications.

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