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.
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