Wrapped OETH has integrated with Karak Network, a leading DeFi platform at the forefront of restaking innovation.
Since soft-launching in April, Karak’s TVL has catapulted to more than $1 Billion. The network offers multi-asset restaking, acting as a universal restaking layer to provide robust crypto-economic security across the space.
This integration affords wOETH holders a new opportunity to partake in restaking, and earn KARAK XP ahead of Karak’s full public launch and TGE.
Karak pioneers Universal Security, extending restaking beyond Ethereum to help secure a host of leading chains and protocols.
Users restake their assets – LSTs like wOETH, or even stablecoins and BTC – to the network. Distributed Secure Services (DSS) harness these assets to bolster security while also reducing operational costs. In turn, blockchains and rollups utilize DSS’s for more efficient operation. Restakers earn yield from protocols and chains harnessing restaked assets.
Karak remains in early access, so users will need invite codes to begin using the platform.
Users can start restaking by visiting app.karak.network. Enter an invite code to gain access, and connect your Web3 wallet to the dapp. Select wOETH, enter your desired amount, and click “Deposit” to proceed. Once the transaction is confirmed, you’ll begin to start stacking rewards for restaking.
Karak is rapidly approaching its current $1.1B deposit cap on all assets – make sure to restake soon to avoid being locked out.
Make sure to follow Origin on X and join our Discord server to stay updated on the latest integrations. Need a Karak invite code? We’ll be dropping some in Discord!
