ChainCatcher message, the re-staking network Karak Network Foundation has launched the token KAR. KAR will serve as a foundational asset in the Karak ecosystem alongside BTC and other currencies, providing stability and trust for the economy of a professional Layer 1 blockchain network. Additionally, KAR will support the Karak Network Stack (KNS), enabling seamless deployment and operation of dedicated Layer 1 blockchain networks. KAR facilitates seamless interaction between different specialized Layer 1 blockchain networks, enabling frictionless cross-border transactions and promoting global economic diplomacy.In previous news, the re-staking network Karak Network announced on platform X that the Karak Foundation has been established today. This foundation is an independent non-profit organization dedicated to the decentralization, adoption, and security of the Karak network.

ChainCatcher news, Karak announced on X that the first phase of the Karak V2 mainnet has been launched. The first phase will migrate assets from V1 to V2 and enable more assets, including USDC, USDT, wETH, and WeETH.It is reported that Karak is a risk management infrastructure for digital assets, providing a secure, low-cost, and risk-aware Ethereum L2.

ChainCatcher news, the staking layer Karak Network announced on social media the launch of the Karak V2 mainnet. Karak V2 introduces the features necessary to build a complete shared security ecosystem, including a slashing mechanism, which is a prerequisite for restaking. The Karak V2 testnet was launched in July, and today marks the start of the first phase of the Karak V2 mainnet.

ChainCatcher message, the Karak Network has established a foundation on the re-staking layer. The Karak Foundation is an independent non-profit foundation dedicated to the decentralization, adoption, and security of the Karak Network.

ChainCatcher message, the Karak Network on the restaking layer has launched a developer SDK, providing a lightweight development framework for developers of restaking use cases. The initial version of the SDK includes local and cloud key management, simple BLS signing and on-chain verification, as well as interfaces for the Karak v2 contract, offering developers the tools needed to build DSS/AVS.

ChainCatcher news, according to the official website, Karak Network now supports the OKX Web3 wallet. Users can perform re-staking and more on Karak Network through the OKX Web3 wallet.Karak Network is a multi-collateral re-staking layer that allows users to re-stake various assets across multiple chains, thereby increasing yields. The OKX Web3 wallet is an industry-leading one-stop Web3 gateway, now supporting over 100 public chains and providing a unified user experience across app, plugin, and web platforms.

ChainCatcher news, ether.fi announced on social media that in the coming week, it will distribute 200,000 ETHFI rewards to depositors of the King Karak LRT vault. The event will take place from July 7, 2024, 8:01 to July 15, 2024, 7:59.After the event ends, the ETHFI rewards earned by users will be automatically airdropped to the corresponding wallets within 20 days, without the need to claim and without paying Gas fees.

ChainCatcher message, ether.fi announced on social media that it has launched the liquidity re-staking token (LRT) weETHk based on the Karak Network.Users can re-stake weETHk to earn Karak points, ether.fi points, and veda labs points.

ChainCatcher news, Whales Market announced on platform X the re-staking of XP for Karak in the points market.

ChainCatcher news, the universal re-staking layer Karak announces integration with Arbitrum, introducing native re-staking on Arbitrum, allowing users to re-stake stablecoins, LSTs, etc., to provide security for the ecosystem.

ChainCatcher news, according to DL News, dozens of DeFi users and members of the Terra Classic community have accused Andalusia Labs, behind the DeFi protocol Karak, of stealing 200 million USTC tokens (worth about $7 million at the time) from the Terra ecosystem months after the collapse of the Terra ecosystem in 2022.It is reported that the Terra Classic vote requested the return of funds used to provide insurance for UST through Ozone, recovering 800 million USTC controlled by the Terra community's multi-signature wallet. Karak responded that the tokens were "granted" by the Terra Foundation, did not involve user funds, and did not acknowledge the governance proposal requesting their return.

ChainCatcher message, the risk management L2 network Karak announced that it has entered the early access phase of the mainnet. The KarakXP early access program is now live, limited to invited participants. Users can cross-chain assets such as ETH and USDC to Karak to earn XP, and they can invite other users for more XP before the mainnet opens access in the coming weeks.It is reported that Karak is a risk management L2 network that embeds modular security features at the network layer. The sequencer and native yield will release a native protection flywheel; the higher the network usage, the more secure the network becomes. The early access launch of the Karak mainnet will accelerate Ethereum with modular security.