Karak Airdrop
About Karak
Karak is a universal restaking layer that simplifies providing cryptoeconomic security with any asset, creating new opportunities for developers to design secure infrastructure. Karak allows protocols to access strong and secure trust networks from the start, reducing the need to incentivize their own validator sets with costly rewards. This makes securing new protocols easier, more scalable, accessible, and affordable.
Why we choose Karak?
Karak has raised $48M with $1B valuation from their Series A funding round, accompanied by prominent backers such as Lightspeed Venture, Coinbase Ventures, and Pantera Capital. In early 2024, Karak released its Early Access Program, allowing users to deposit assets in exchange for XP. Since XP holders are likely entitled to future airdrops, it’s a great opportunity to start farming Karak now for potential rewards.
Karak Airdrop Guide
Airdrop Eligibility
- Complete all tasks below
- Number of tx: 10+
- Volume: $5,000+
- Active months: 2+
How to get Karak Airdrop?
Karak XP is the reward for depositing assets to Karak. Currently, there are 6 networks available for deposit: Ethereum, Arbitrum, BSC, Blast, Mantle, and K2 (For K2 Network, check the guide for deposit & withdrawal below).
To stake, visit the Karak Restaking page and connect your wallet. Enter an early access code to start using Karak. You can use this code “ZYYN1”.
Next, choose your desired deposit asset on the Main page by clicking on it.
On the asset page, enter the desired amount, click on Deposit and sign the transaction.
You can check your portfolio and earned XP by checking the Karak Portfolio page. Users depositing to Karak will also earn other benefits like EigenLayer or EtherFi points, depending on the type of asset.
Note: If the protocol cap has reached its limit, you need to wait for Karak to raise its cap before depositing again.
Karak (K2) Network is a universal restaking network developed by Karak. To stake using Karak Network, you first need to deposit assets from the Ethereum Mainnet. Currently, 3 assets are supported: ETH, USDC, and rswETH.
#1: Deposit to Karak Network:
To deposit, visit the Karak K2 Bridge and connect your wallet. Choose the asset and amount desired. Click on the Deposit button and sign the transaction.
After bridging to Karak Network, you need to Stake the fund in order to receive any XP – just depositing will not earn any reward. You can add Karak Network to Metamask or other wallets using ChainList.
#2: Withdraw from Karak Network:
To withdraw, switch to the Withdraw tab in the Karak K2 Bridge. Choose the asset and amount to withdraw, then click on the Withdraw button and sign the transaction.
Note that withdrawing from Karak is a 3-steps process: First, initialize the withdrawal by signing the first transaction. Next, come back and click on Prove after 4 hours, then wait for another 3 days to complete the withdrawal. You can check your withdrawal status in the Outgoing tab.
Alternatively, you can use 3rd party bridges like MiniBridge to avoid waiting. Keep in mind that MiniBridge order limit is 0.05 ETH.
Visit the Karak Galxe page and connect your wallet. Complete all social and on-chain tasks to claim 150 points. For the Karak Deposit task, you will need to make a deposit to Karak using the guide above.
Karak Airdrop Claim
- Expected TGE: H2 2024
